FTX collapse: 5 angles for investors to consider in this crisis
THERE have been previous downturns in the crypto assets markets, but the present crypto winter is arguably unprecedented in terms of the scale involved. The collapse of the world’s second-largest cryptocurrency exchange has sent shockwaves across the world and many investors are unsure where to turn to.
FTX Trading and its entities filed for protection under the US Chapter 11 regime. As a result, any court suit or arbitration claims made by investors against these FTX entities would likely be suspended in favour of the insolvency framework.
Even if investors have a judgment sum or arbitration award against FTX, that could at best be a ticket to queue up in the insolvency process.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Meet the women who run one of Singapore’s most trusted hotel brands
Family office for US$12 billion Tetra Pak Fortune exits Hong Kong