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FTX Group Files for Bankruptcy

As you may be aware, FTX.com, FTX US, Alameda Research, and certain of their corporate affiliates (collectively, the “FTX Group”) commenced voluntary chapter 11 cases in the District of Delaware. A petition for one of the corporate entities is available here, and the balance of petitions and bankruptcy pleadings will be filed. In connection with the restructuring, Sam Bankman-Fried is resigning as CEO and John J. Ray III has been appointed as go-forward CEO. Stephen Neal has also been appointed as the chairman of the Board for FTX.com, Alameda Research, and certain other entities.

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Ropes & Gray Crypto Quarterly: Digital Assets, Blockchain and Related Technologies Update


Time to Read: 1 minutes Practices: Cryptocurrency & Blockchain, Litigation, Securities & Futures Enforcement

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The landscape of government enforcement, private litigation, and federal and state regulation of digital assets, blockchain and related technologies is constantly changing. Each quarter, Ropes & Gray attorneys analyze government enforcement and private litigation actions, rulings, settlements, and other key developments in this space. We distill the flood of industry headlines so that you can identify and manage risk more effectively. The attached newsletter includes takeaways from this quarter’s review.

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