The case of the collapse of FTX, unsurprisingly, shook the crypto world, ranging from operators to users, generating an understandable wave of fear and distrust. The resulting FUD, as was to be expected, clearly affected the cryptocurrency market by dragging values down.
Many people have written about this affair, from the most emblazoned newspapers to a number of improvised commentators, who are always very present on the web, even spreading information that is not technically correct.
It is appropriate to set the record straight, both because the case itself has several controversial aspects, and because at stake are also the life savings of people who have blamelessly trusted a platform that presented itself as one of the most important and reliable on the market.
FTX case: exchange initiates Chapter 11 proceedings
The first issue concerns the so-called Chapter 11 procedure, voluntarily initiated by the group in the United States (more precisely in the Federal Court of Delaware), w
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