#027 Bankruptcy

Hash #27: December 2nd, 2022 – Financial Events:

Proof of reserve vs. fractional reserve

• Which organization uses this for what purpose?

• What is the benefit of implementing it and who (consumers, regulators, etc.) benefits the most if centralized crypto exchanges become more transparent?

Chapter 11 Bankruptcy

• How does it work?

• Which crypto companies are going through this filing currently?

• What happens to companies when they declare bankruptcy? (Chance to organize and recover)