The Legal Challenges Ahead for FTX

The video discusses the complexities of dealing with FX investors and automating legal issues, particularly focusing on refunds from FTX. Josh shares his experience with FTX as an investor, highlighting the challenges and unexpected developments. The video also covers legal actions being taken to protect consumers, including class actions and targeting influencers who promoted FTX. It emphasizes the importance of Regulation E for refunds and the lessons learned from the FTX experience, stressing the need for careful vetting of investors.

What regulation allows investors to get their money back if deposited through ACH direct deposit?

• Regulation A

• Regulation E

• Fair Credit Billing Act

• Consumer Protection Act

What was the unexpected change in the investment documents related to FTX?

• The name was changed to Alameda Research

• The investment amount was increased

• The investment was doubled

• The investment was canceled

What was the company's stance on crypto when approached by FTX?

• Crypto is irrelevant

• Crypto is risky but profitable

• Crypto is a scam

• Crypto is the future

What legal action is being taken against Youtubers who promoted FTX?

• Criminal charges

• Civil lawsuits

• No action

• Class action lawsuits

What is the reported total loss amount due to FTX?

• Over 20 billion

• Over 1 billion

• Over 5 billion

• Over 10 billion

What is the role of Entwistle and Cappucci in the FTX situation?

• They are a crypto exchange

• They are investors in FTX

• They are promoting FTX

• They are leading class actions

What is a key lesson learned from the FTX investment experience?

• Ensure brand reputation is protected

• Ignore small investors

• Avoid all investments

• Invest in more crypto companies