FTX bankruptcy unique, losses hard to determine: Ken Feinberg

Evercore ISI Senior Managing Director Mark Mahaney joins 'Mornings with Maria' to discuss job cuts in the tech industry, the collapse of FTX and its impact to the crypto industry, and provides an outlook on streaming services.is even murkier than many thought and determining the value of the company’s billions in assets for the more than one million customers seeking financial redemption will not be easy.

"This is a unique case" attorney Ken Feinberg, who oversaw the 9/11 Victims Compensation Fund as well as Boeing’s 737 Max jet fund among others, told FOX Business. "It's more difficult to determine the value of the asset because it's in the Bahamas, it's cryptocurrency. It may also be difficult to estimate the losses suffered by the creditors" he explained.

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