Exploring FTX's Chapter 11 Bankruptcy and Creditor Repayment Prospects

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A discussion on FTX's bankruptcy filing under Chapter 11, revealing the decision to not restructure or restart FTX exchange. The chapter also explores the changing landscape of repayment for FTX creditors during the bankruptcy proceedings.

For the last year and a half, the story of FTX has focused largely on the crimes and punishment of Sam Bankman-Fried. But in the background, the actual customers he left behind have been caught in a financial feeding frenzy over the remains of the company.

On today's show, we do a deep dive into the anatomy of the FTX bankruptcy. We meet the vulture investors who make markets out of risky debt, and hear how customers fare in the secretive world of bankruptcy claims trading.

This episode was hosted by Alexi Horowitz-Ghazi and Amanda Aronczyk. It was produced by James Sneed and Sam Yellowhorse Kesler. It was edited by Jess Jiang, and fact-checked by Sierra Juarez. It was engineered by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.

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