Read FTX's Bankruptcy Filings for Yourself

The collapse of the FTX exchange has a negative effect on the entire market.

Here's what happened. The CEO of the world's largest coin exchange once owned a stake in FTX. He and Sam Bankman- Fried were friendly. Bankman- Fried, known to the technorati as SBF (Zhao is "CZ"), bought out Zhao's stake. Following the souring of CZ and SBF's relationship, the CEO of the company sold those token. FTX users had to withdraw $6 billion in less than 72 hours because they didn't have enough money to cover expenses. SBF was prevented from returning by Alameda Research because it didn't pay off. CZ backed out of the deal after doing some research. SBF tried to get investors who didn't show up. In Delaware court, FTX filed for Chapter 11 protection.

FTX's bankruptcy proceedings are likely to be complicated because of the tangled network of companies. Seamus Hughes, deputy director of the Program on Extremism at George Washington University, compiled all the bankruptcies into a handy list. The post was first published in Hughes' newsletter.

It has been a busy week in the industry. With FTX collapsing and a lot of moving parts, I thought it would be helpful to pull all the bankruptcies made so far.

FTX Bankruptcy:

This is the last one for now.