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Re:FTX group companies commence voluntary chapter 11 proceed... by tedunangst on Friday November 11, 2022 @12:40PM (#33563942)
If withdrawals are open, then it seems FTX.us still has all its customers assets and can return them, but will not be able to pay its own bills for hosting, staffing, etc. in the very near term. So yesterdays statement that it wasn't affected by the loss of funds implication would be accurate, but if the business was reliant on funding from other operations to survive, it can still go bankrupt.

People get all antsy in their pantsy and can't read nuance.

Re:FTX group companies commence voluntary chapter 11 proceed... by babyshake on Friday November 11, 2022 @02:44PM (#33565760)
I think people are jumping to conclusions by saying that because FTX.us is included in the filing, all user funds are completely gone. Not to say I blame them for thinking the worst, but we'll probably know more once the dust settles.