In today’s briefing:
- FTX Fallout – A Quick Update
FTX Fallout – A Quick Update
- FTX filed for bankruptcy on 11/11 after halting client withdrawals in the previous week, despite SBF (the ex-CEO) tweeting 2 days prior that it had $1 bn of excess cash.
- With over 130 affiliates included in the filing and no first day documents in the Delaware Court, the bankruptcy filing seems disorderly. The fallout is far-reaching in the industry.
- As we await the top 50 creditor list and more details, we have compiled a hit list of some of the major affected players in the industry.
💡 Before it’s here, it’s on Smartkarma
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