The FTX Fiasco: Unpacking the Most Complex Bankruptcy in History
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The November 2022 bankruptcy of FTX, the world’s third-largest cryptocurrency exchange, prompted a landslide across the burgeoning digital assets space, with more than 100 affiliated entities including closely intertwined Alameda Research joining the bankruptcy and more than one million customers affected. The bankruptcy of FTX has been referred to as one of the “largest financial frauds in history,” and it is estimated to have wiped out as much as $32 billion in value. The bankruptcy implicates financial, regulatory, and legal issues including customer protection, conflicts of interest, safety and soundness, and contagion, while also opening up new issues as to how the existing bankruptcy regime works for digital assets. "
The FTX Fiasco: Unpacking the Most Complex Bankruptcy in History,” features a keynote address by CFTC Commissioner Christy Goldsmith Romero, followed by a panel discussion moderated by Professor Sarah Hammer, Managing Director at the Wharton School, with leading experts including Professor David Skeel of the University of Pennsylvania Carey Law School and Aaron Klein of the Brookings Institution.