Welcome to The Brink. We’re Lucca de Paoli in London and Steven Church in Delaware, where the collapse of crypto firm FTX is proving a boon for some specialist hedge funds. We also have news on New York Community Bank, Codere and Bed Bath & Beyond. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @ManySundays.
FTX is already one of history’s great corporate disasters. Now, for a clutch of specialist funds, it’s shaping up to be a terrific trade too.