Birdwatch Note Rating
2022-11-20 21:19:46 UTC - HELPFUL
Rated by Participant: E35B5583E4F366393B272651BC2873004267BB803E5C3FB2F7CE32BBBA941645
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
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