What we know about the FTX insolvency 3 years later

October 22, 2025

Investigative reporters Jonathan and Sophie dive much deeper into what happened *after* SBF was ousted. Hundreds of thousands of individual customers became creditors, getting paid in dollar values from the bankruptcy filing date when the market bottomed out (Meanwhile, nearly $1 billion in fees went to the bankruptcy process expenses) When you’re waiting for money and told you won’t get it back while watching massive fee statements pile up, something feels really wrong.

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Notes:

• FTX had hundreds of thousands of individual creditors

• Creditors repaid in bankruptcy filing at market low

• Nearly $1 billion total in bankruptcy fees

• Sullivan and Cromwell among multiple firms paid

–

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