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Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. FTX bankruptcy filings state that it owes money to over a million people and businesses after SBF used billions of dollars from customer money to prop up Alameda Research.
The o nce-third-largest crypto exchange FTX on November 11 filed for bankruptcy in the U.S. By December 12, Bankman-Fried had been arrested in the Bahamas. Other crypto companies that also filed for bankruptcy this year but also technically did not shut down include Celsius and BlockFi. The next day, the U.S.
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