The Spectacular Fall of FTX: Crypto Custody and Insurance Considerations
Friday, November 11, 2022 This morning, crypto exchange FTX (and over 130 affiliates) filed for bankruptcy in Delaware. FTX was recently valued at $32 billion, and now it appears to be worth $0. The bankruptcy petition listed at least $10 billion in liabilities. The quick unraveling of the world’s second-largest crypto-trading platform this week may …
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