CRS Insight – What Happened at FTX and What Does It Mean for Crypto? – Updated November 29, 2022: “On Friday, November 11, FTX Trading Ltd. (FTX)—one of the world’s largest and most well-known cryptocurrency exchanges—announced that it had “commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code” in Delaware. Included in the proceedings were FTX US and Alameda Research, a crypto trading company closely affiliated with FTX. The collapse of FTX is the most recent and perhaps most consequential of a spate of crypto company failures this year. This Insight examines the collapse and its implications.”

See also CRS Insight – SEC Jurisdiction and Perceived Crypto-Asset Regulatory Gap: An FTX Case Study, November 29, 2022