Birdwatch Note Rating
2022-11-26 17:12:55 UTC - HELPFUL
Rated by Participant: 711DC284B2C2E98981B7852AAF82105BA3FAB8FB168C8F1D32175297788AAFF0
Participant Details
Original Note:
The bankruptcy code permits trustees to "avoid" (colloquially, "claw back") transfers "made while the debtor was insolvent" before filing for bankruptcy. 11 USC ยง 547(b)(3). FTX's insolvency began, at the earliest, November 6, after Binance liquidated its FTT holdings. https://www.forbes.com/advisor/investing/cryptocurrency/ftx-declares-bankruptcy/
All Note Details