Birdwatch Note Rating
2022-11-21 16:20:44 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 7DA12F197FB2690F8D21C27B3934A32387E1BF4EE9609E8B2B9954CCFCFF1B57
Participant Details
Original Note:
Crypto exchange FTX has filed for bankruptcy under Chapter 11. https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics 134 companies affiliated with FTX have filed for bankruptcy. https://www.forbes.com/sites/mariagraciasantillanalinares/2022/11/12/billions-of-ftx-assets-in-limbo-as-exchange-follows-voyager-into-bankruptcy/?sh=1ff084ee3f72 If Chapter 11 is submitted, it means the company can run and operate while trying to repay to its customers. https://www.gizmotimes.com/blockchain/cryptocurrency/ftx-bankruptcy-filing-list-of-companies/45029
All Note Details