The Fall of FTX: Legal Turmoil in Crypto

This chapter explores the downfall of FTX, a leading cryptocurrency exchange, following the arrest of its founder on fraud charges. It discusses the complexities of the ongoing bankruptcy proceedings, the challenges of tracing assets, and the unique legal hurdles posed by cryptocurrency as it navigates a chaotic financial landscape. Additionally, the chapter highlights lawmakers' reactions and the need for legislative changes to prevent future crises in the cryptocurrency sector.