Crypto Giant FTX Files for Biggest Ever Chapter 11 Bankruptcy
FTX is expected to make its debut appearance in Delaware bankruptcy court on Tuesday;
– FTX’s new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets;
– FTX’s lawyers are advancing an unprecedented chapter 11 case marked already by allegations of major failures against its former leadership and a budding jurisdictional dispute with the government of the Bahamas;
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