The recent collapse of FTX and ensuing insolvency proceedings in the United States has stoked conversation regarding the administration of cross-border cryptocurrency insolvencies. In the case of FTX, insolvency proceedings in the United States, Australia, Turkey, and the Bahamas have demonstrated an unprecedented global footprint for a cryptocurrency exchange. As a result, these proceedings will have long-lasting impacts and may serve as a road map for how regulators and administrators can cooperate and navigate competing regulatory pressures and proceedings in the future.
This post was originally published on the Cardozo International & Comparative Law Review on October 2, 2023. The original post can be accessed via the Archived Link button above.
Ashley, Ethan, "Collaboration, Exclusion, and Refuge: FTX’s Cross-Border Insolvency Strategies" (2023). CICLR Online. 95.