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its been two weeks since FTX and Alameda research collapsed and yet we are still only just starting to understand what happened and what the effects on all of cryptocurrency could be one of the biggest Bombshells so far has been ftxs bankruptcy filing from last Thursday what it reveals about the crypto exchange is downright disturbing and foreshadows further grave issues for crypto today Im going to give you a summary of ftxs bankruptcy filing tell you what it says in simple terms and explain exactly how it could affect the crypto Market okay lets get straight into it ftxs bankruptcy filing begins with a declaration from the exchanges new CEO John J Ray III now there is a name for context Sam bankman freed stepped down as CEO of FTX when FTX and its sister company Alameda research declared bankruptcy on the 11th of November you should also know that John is famous for being the CEO in charge of overseeing the bankruptcy of American Energy company Enron John has also worked on ot