Chaotic collapse of FTX crypto empire triggers more than 1m creditors

A restructuring lawyer has ushered the companies into bankruptcy court

Sam Bankman-Fried, former head of collapsed FTX crypto exchange.

The team of restructuring experts who took control of Sam Bankman-Fried’s failed crypto empire in the US are engaged with “dozens” of regulatory authorities around the world as they rush to secure customer accounts and begin to engage with creditors who are likely to exceed a million people, according to bankruptcy court filings.

The documents, while still sparse in detail, offer the first official glimpse into what has been happening inside FTX and its trading arm, Alameda Research, in the four days since a restructuring lawyer took charge and ushered the companies into bankruptcy court.