SBF tweeted: has submitted for bankruptcy reorganization and will clarify the situation regarding user recovery as soon as possible

2022-11-11 23:38:15

Collection

ChainCatcher news, SBF tweeted that today he submitted Chapter 11 bankruptcy proceedings for FTX, FTX US, and Alameda in the United States. This does not necessarily mean the end of these companies or their ability to provide value and funds primarily for customers, and he believes that the new CEO Ray is capable of doing the best. He will work to clarify the situation regarding user recovery as soon as possible. He will write a more complete article about this drama soon.

Previously, ChainCatcher reported that the asset and liability valuation listed by Alameda Research is between $10 billion and $50 billion. Chapter 11 mainly applies to large enterprises, and its purpose is to formulate a reorganization plan that allows large enterprises to avoid liquidation and gradually repay creditors in the future. (Source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.