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FTX Collapse Recovery

Research entry · not admitted

**FTX collapse**

**FTX collapse**

Questions and claims

  • C-1 — Four large numbers that are not the same measurement(question / dispute)
  • C-2 — 105% bankruptcy recovery ≠ 105% economic recovery of original crypto(question / dispute)
  • C-3 — More than 100% is not mysterious once interest denominator is exposed(question / dispute)
  • C-4 — Later asset appreciation/recovery ≠ no fraud(question / dispute)
  • C-5 — "FTX was insolvent" needs a defined sense and date(question / dispute)
  • C-6 — Petition-date valuation is a legal/administrative valuation object(question / dispute)
  • C-7 — The estate's later recoveries are not necessarily the customers' original assets(question / dispute)
  • C-8 — "All customers were repaid" is procedurally false as a blanket statement(question / dispute)
  • C-9 — Class percentages differ(question / dispute)
  • C-10 — Complaint allegation vs consent judgment vs criminal verdict(question / dispute)
  • C-11 — FTT is not treated like ordinary customer crypto claims(question / dispute)
  • C-12 — 118%, 119%, 120%, 105% are not contradictory if time/class is preserved(question / dispute)

Why not?

  • "Customer balance" is not the same object as "Allowed Claim."(semantic trap / refusal)
  • A digital-asset quantity is not the same object as its bankruptcy USD claim value.(semantic trap / refusal)
  • "105% recovery" is not "105% of the current value of the crypto customers held."(semantic trap / refusal)
  • "Paid back in crypto" is not the U.S. Recovery Trust distribution model.(semantic trap / refusal)
  • "FTX customers got 105%" is overbroad.(semantic trap / refusal)
  • "$8.7 billion" has multiple appearances in the record with different meanings.(semantic trap / refusal)
  • "$12.7 billion judgment" is not a measurement of customer-account shortfall.(semantic trap / refusal)
  • "$11 billion forfeiture" is not a bankruptcy customer-loss statistic.(semantic trap / refusal)
  • "$14.7–$16.5 billion available for distribution" is not what FTX held for customers at collapse.(semantic trap / refusal)
  • "Insolvent" and "unable to meet withdrawals" should not be casually treated as identical balance-sheet propositions.(semantic trap / refusal)
  • Later asset appreciation/recovery does not retroactively negate fraud.(semantic trap / refusal)
  • SEC/CFTC complaints ≠ criminal jury verdicts.(semantic trap / refusal)
  • CFTC consent judgment ≠ criminal conviction.(semantic trap / refusal)
  • FTX Debtors' investigative report ≠ independent regulator or judicial finding.(semantic trap / refusal)
  • Plan confirmation ≠ every claim allowed.(semantic trap / refusal)
  • A distribution announcement ≠ proof that every eligible claimant actually received funds.(semantic trap / refusal)
  • FTX.com / FTX US / FTX Digital Markets / FTX EU are different legal/process entities.(semantic trap / refusal)
  • FTT treatment is exceptional.(semantic trap / refusal)

Temporal bounds

Core collapse: November 2022. Investigation/enforcement: 2022–2026. Bankruptcy recovery/distributions: 2022–2026 and ongoing.

Sources

  1. FTX-S01 — John J. Ray III First-Day Declaration
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  2. FTX-S02 — January 17, 2023 Debtors asset-recovery presentation announcement
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  3. FTX-S03 — FTX Debtors Second Investigative Report
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  4. FTX-S04 — CFTC December 2022 complaint
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  5. FTX-S05 — CFTC August 2024 consent judgment against FTX / Alameda
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  6. FTX-S06 — SEC Bankman-Fried civil complaint / charge
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  7. FTX-S07 — SEC Ellison / Wang civil record
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  8. FTX-S08 — Bankman-Fried criminal sentence / verdict record
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  9. FTX-S09 — Second Circuit decision affirming Bankman-Fried conviction
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  10. FTX-S10 — Bankruptcy Court Digital Asset Estimation Opinion
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  11. FTX-S11 — Digital Asset Conversion Table / D.I. 7090
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  12. FTX-S12 — U.S./Bahamas Global Settlement valuation framework
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  13. FTX-S13 — May 2024 proposed reorganization plan announcement
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  14. FTX-S14 — Confirmation Order and confirmed Plan
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  15. FTX-S15 — Plan Effective Date announcement
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  16. FTX-S16 — Current distribution history / Fifth Distribution
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  17. FTX-S17 — Current FTX Distribution Dashboard FAQ
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  18. FTX-S18 — Distribution Service Provider guidance
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  19. FTX-S19 — Account Balances and Transactions
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

  20. FTX-S20 — Wikipedia comparison surface — OPTIONAL
    source · research candidate

    Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

Inspect
Research pack
demo-corpus-twelve
Artifact
ftx-collapse-recovery-demo-corpus-dossier-v0-1
Artifact kind
dossier
SHA-256
9b40ef13312870602ea77efa79b4dd2cddf032156804dc7e602c285466634441

Read with sources

Choose among sources carried by this entry. Selection changes this list, never the article or its conclusions.

Reference overlap is not evidence of claim support, corroboration, or a verdict.

Entry status: research. Sources retain their own status.

Sources to read together

Selected sources (20)

  • FTX-S01 — John J. Ray III First-Day Declaration

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S01

  • FTX-S02 — January 17, 2023 Debtors asset-recovery presentation announcement

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S02

  • FTX-S03 — FTX Debtors Second Investigative Report

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S03

  • FTX-S04 — CFTC December 2022 complaint

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S04

  • FTX-S05 — CFTC August 2024 consent judgment against FTX / Alameda

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S05

  • FTX-S06 — SEC Bankman-Fried civil complaint / charge

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S06

  • FTX-S07 — SEC Ellison / Wang civil record

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S07

  • FTX-S08 — Bankman-Fried criminal sentence / verdict record

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S08

  • FTX-S09 — Second Circuit decision affirming Bankman-Fried conviction

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S09

  • FTX-S10 — Bankruptcy Court Digital Asset Estimation Opinion

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S10

  • FTX-S11 — Digital Asset Conversion Table / D.I. 7090

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S11

  • FTX-S12 — U.S./Bahamas Global Settlement valuation framework

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S12

  • FTX-S13 — May 2024 proposed reorganization plan announcement

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S13

  • FTX-S14 — Confirmation Order and confirmed Plan

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S14

  • FTX-S15 — Plan Effective Date announcement

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S15

  • FTX-S16 — Current distribution history / Fifth Distribution

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S16

  • FTX-S17 — Current FTX Distribution Dashboard FAQ

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S17

  • FTX-S18 — Distribution Service Provider guidance

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S18

  • FTX-S19 — Account Balances and Transactions

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S19

  • FTX-S20 — Wikipedia comparison surface — OPTIONAL

    Role: Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1

    Source type: source

    Source status: research candidate

    Issuer / publisher: Not supplied

    Open source: /research/sources/FTX-S20

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