Bloomberg Law
Nov. 15, 2022, 2:27 PM

FTX Wrangles More Than a Million Creditors Amid Chaotic Collapse

Jeremy Hill
Jeremy Hill
Bloomberg News

The team of restructuring experts that took control of Sam Bankman-Fried’s failed crypto empire are engaged with “dozens” of regulatory authorities around the world as they rush to secure customer accounts and begin to engage with creditors that are likely to exceed a million people, according to bankruptcy court filings.

The documents, while still sparse in detail, offer the first official glimpse into what’s been happening inside FTX and its trading arm, Alameda Research, in the four days since a restructuring lawyer took charge and ushered the companies into bankruptcy court.

John J. Ray III, who replaced ...

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