FTX was a cryptocurrency exchange founded in 2019 by Sam Bankman-Fried. In November 2022, FTX collapsed and filed for bankruptcy. FTX’s fallout continues to ripple through the crypto ecosystem. This section covers emerging marketplaces where Chinese creditors are selling claims, legal hurdles that could lead to claim denials, and the reactivation of token unlocks that’s adding to market unease. Also included is FTX’s pushback against billion-dollar claims. With regulatory uncertainty and litigation mounting, the situation remains complex.