FTX and 133 related entities have filed for bankruptcy in US court, so distribution of corporate assets will follow applicable law. Equity holders like SBF are last in line. However, if it’s really bad there might not be enough to pay more than the costs of bankruptcy administration—this is unlikely based on the petition that was filed.
FTX and 133 related entities have filed for bankruptcy in US court, so distribution of corporate assets will follow applicable law. Equity holders like SBF are last in line. However, if it’s really bad there might not be enough to pay more than the costs of bankruptcy administration—this is unlikely based on the petition that was filed.
There is a Manifold Market on the fraction of deposits expected to be recovered by FTX retail investors.
Here is an informative thread on the implications of the recent FTX Chapter 11 filing.