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FTX's Legal Battles and Bankruptcy Chaos
This chapter explores the legal complexities and challenges faced by the FTX crypto exchange and its founder amid allegations of fraud and misappropriation. It highlights the intricacies of bankruptcy under Chapter 11, the difficulties in managing a vast number of creditors, and the legal ambiguities surrounding cryptocurrency as an asset. Additionally, it discusses future legislative efforts aimed at preventing similar financial scandals in the cryptocurrency space.
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