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Fortune

Megan Leonhardt

FTX users have a leg up on other crypto bankruptcy victims—on paper

FTX United States Crypto Celsius FTX Trading Voyager

(Credit: Leon Neal—Getty Images)

FTX filed for bankruptcy last Friday, capping off an incredibly volatile week that saw the fourth-largest global cryptocurrency exchange collapse in stunning fashion.

Approximately 130 FTX-affiliated companies, including the U.S. arm, were included in the Chapter 11 bankruptcy filing in Delaware while the FTX Bahamas arm filed for Chapter 15 bankruptcy in the U.S. Southern District of New York.

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