Birdwatch Note Rating
2022-11-26 05:16:59 UTC - HELPFUL
Rated by Participant: E156A70F09B3980C6FC4B6A33A9E93F911FA3FF7CA6F35F7573917FA3B70E571
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