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[Music] this is Bloomberg crypto a daily Bloomberg iHot podcast and Im Emily Nicole Bloomberg crypto blogger Im in today for Stacey Marie Ishmael its Thursday January 19th youve probably heard Financial Regulators refer to crypto as the Wild West [Music] but instead of shootouts sheriffs and Lucky Luke in crypto you can get financial experimentation hackers and pretty extreme risk-taking in the hopes of yielding extreme returns in some cases with people with their hard-earned savings people allegedly wronged by crypto are increasingly turning to the law for redress the only problem is how do you fit something so new into laws that are often centuries old thats the conundrum that lawyers and creditors are confronting in the case of FDX the crypto exchange that collapsed into bankruptcy last year in this episode we discuss the legal complexities underlying the FTX bankruptcy and how the rules change across jurisdictions from the sunny Bahamas to the Cloudy Skies of England today I