A look at the fall of crypto exchange FTX: debtors issue first report on the company’s bankruptcy

On 11 November 2022, the bankruptcy “chapter 11” filing of crypto exchange FTX was submitted to the Federal District of Delaware. The fall of one of the largest and most respected entities within the cryptocurrency landscape was a terrible event for the entire industry. A few months later, the first report from affiliated debtors was announced, in which the focal points that caused the failure of FTX and crypto FTT are discussed and identified. The fall of crypto exchange FTX It all started when Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, made a tweet regarding his concerns