November 26, 2022

Explainer: What’s subsequent in FTX’s chapter?

File Photo: Representations of cryptocurrencies are seen in front of displayed FTX logo and decreasing stock graph in this illustration.

Explainer Whats next in FTXs bankruptcy

Crypto alternate FTX filed for Chapter 11 chapter safety in america on Friday following its precipitous collapse, saying it may owe cash to greater than 1 million collectors. Here’s what possible awaits within the case:

The place do issues stand in FTX’s chapter case?

A bankrupt firm usually begins its Chapter 11 case by telling the choose about its money owed and the way it ended up in chapter and asking for administrative permissions for routine chapter operations.

FTX has not…

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