FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever | WSJ

The collapse of cryptocurrency exchange FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on how complicated things could get for Sam Bankman-Fried, FTX’s investors and the wider crypto industry.

Here are the three things to know about the company’s bankruptcy process and what’s next.

Illustration: Laura Kammermann

0:00 News of FTX’s collapse has shaken the crypto world and set off a scramble to find billions of missing dollars
0:22 Why the government of the Bahamas wants jurisdiction over some of the bankruptcy legal proceedings
1:31 A court filing by the company’s new CEO, John J. Ray III, paints a chaotic picture of FTX’s finances
2:23 What does FTX’s collapse mean for customers of the crypto exchange?

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