FTX Collapse Recovery
**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
- FTX-S01 — John J. Ray III First-Day Declaration
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S02 — January 17, 2023 Debtors asset-recovery presentation announcement
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S03 — FTX Debtors Second Investigative Report
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S04 — CFTC December 2022 complaint
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S05 — CFTC August 2024 consent judgment against FTX / Alameda
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S06 — SEC Bankman-Fried civil complaint / charge
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S07 — SEC Ellison / Wang civil record
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S08 — Bankman-Fried criminal sentence / verdict record
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S09 — Second Circuit decision affirming Bankman-Fried conviction
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S10 — Bankruptcy Court Digital Asset Estimation Opinion
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S11 — Digital Asset Conversion Table / D.I. 7090
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S12 — U.S./Bahamas Global Settlement valuation framework
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S13 — May 2024 proposed reorganization plan announcement
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S14 — Confirmation Order and confirmed Plan
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S15 — Plan Effective Date announcement
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S16 — Current distribution history / Fifth Distribution
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S17 — Current FTX Distribution Dashboard FAQ
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S18 — Distribution Service Provider guidance
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S19 — Account Balances and Transactions
Authored in demo-corpus-twelve/ftx-collapse-recovery-demo-corpus-dossier-v0-1
- FTX-S20 — Wikipedia comparison surface — OPTIONAL
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