Analysis of Alameda and FTX Chapter 11 Bankruptcy Filing

InstitutionalNovember 11, 2022, 11:39AM EST
UPDATED: April 21, 2023, 4:56PM EDT
Analysis of Alameda and FTX Chapter 11 Bankruptcy Filing
Partner offers

We'd love your feedback.

Advertisement

As it stands, Alameda / FTX has +130 entities across the globe through a series of complex holding companies, subsidiaries and operating companies. Following FTX and Alameda's collapse[1][2][3], CEO and founder Sam Bankman-Fried (SBF) stepped down as CEO and appointed John J. Ray III as CEO to guide the entities through Chapter 11 bankruptcy. Additional changes include the appointment of Stephen Neal as Chairman of the Board. John J. Ray III handled Enron's 2001 $63.4bn bankruptcy, the largest at the time until WorldCom in 2002. John managed to secure billions for Enron's creditors. The full list of entities can be found below: 

Per the above graphic, most of the subsidiaries are 100% owned by their own entity's holding company, with the exception of the following entities reflecting exposure to 3rd party investors: 

Expert insights. Delivered.

Get access to a suite of news, research, data, and funding tools