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Navigating FTX Bankruptcy: Chaos and Consequences
This chapter examines the intricate bankruptcy proceedings of FTX and its affiliates, highlighting the disorganization and missing documentation that complicate the process. It explores the financial turmoil triggered by revelations about Alameda Research, leading to a crisis of confidence and a rush of withdrawals. The discussion also addresses the challenges of asset identification, intercompany debts, and potential recovery solutions for affected customers.