The Friday Focus: Issue 61

Details surrounding the FTX collapse seem to have reached a temporary plateau, with little new insight coming over the past week. Still, FTX largely dominates headlines directly or indirectly.

Top stories

Let’s start with the news surrounding FTX first. FTX’s first bankruptcy hearing started this week. On the first day, FTX lawyers shared that they had agreed with Bahamas FTX liquidators to transfer the bankruptcy case to Delaware. Amid uncertainty on the legal fallout, a US senator pleads the FTX executives must be held accountable to the ‘fullest extent of the law.’ In more sensationalist FTX news, a leaked internal SBF letter apologizing to the FTX employees surfaced, and the rogue FTX funds were converted to bitcoin.

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