The collapse of Sam Bankman-Fried's crypto empire has been swift and chaotic, leaving a group of bankruptcy experts to sift through the rubble. The bankruptcy of FTX is now moving through the courts. Bloomberg's Sonali Basak is tracking it all.

5th floor

Leading platform FTX has filed for bankruptcy as crypto prices fall below 2017 prices.

Crypto Fallout

Genesis & Gemini hit hard by FTX contagion 

We're looking at crypto Brokers Genesis because it has been scouring the globe for at least, 1 billion dollars in fresh capital for its lending unit. And it's privately warned investors that it might become the latest casualty and that it might have to file for bankruptcy if that funding doesn't materialize. Now is unclear how fast liquidity crunch causes more companies to fall but so far, there's been some real Damage Done really quickly in the warning. From Genesis to investors has only come days since the company's trading arm and answer more than 170 million dollars tied up in ft x. The Lending business has halted withdrawals within a week's burning, its lending Partners Gemini turn to Hawk with drawers as well as a bankruptcy proceedings begin in Delaware, it's just one example of how many people are owed money in one instance of a bankruptcy more than a million customers had funds tied up and more than three billion dollars were old 250 creditors, including Genesis, now in the case of FCX, a lawyer for the company said that during a bankruptcy. Turn on Tuesday. That while crypto crisis is well-documented over. All the ft x drama is the latest and the largest failure with effectively a run on the bank with respect to International Exchange as well. As its US exchange, investigators, lawmakers and Regulators around the world are now watching how this plays out to make sure their customers find some Redemption

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Crypto Fallout