What Can We Learn from the FTX Bankruptcy?

The sudden and spectacular crash of crypto-exchange FTX will send long-lasting tremors through both the nation's financial regulatory and bankruptcy landscapes.

6 minute read December 01, 2022 at 12:09 AM

Steven Salkin

What Can We Learn from the FTX Bankruptcy?

It seemed like something out of an old episode of 20/20 from the 1980s: CEO of a company is just about to be caught doing shady financial deals that bankrupts the company and flees in the middle of the night to a country that has no extradition treaties with the U.S., leaving investors in the lurch.

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