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FTX had more than 100 entities. You can find the org chart in the bankruptcy filing or here: https://qz.com/ftx-bankruptcy-filing-reveals-a-remarkably-convolut

• cj 4y ago
  Source: Page 30 https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf https://pacer-documents.s3.amazonaws.com/33/188450/042020648...
  • ethbr0 4y ago
    Oof. The preliminary corporate outline in Appendixes B of the filing is a lot. I guess presumably you'd want to compartmentalize risk via corporate structures in as sprawling of a business as FTX was (especially if you were aware you had terrible internal controls), but it does beg the question of what nature of business each of these entities was engaged in. I.e. if they conducting actual business and so their existence helped firewall other FTX entities, or if they simply existed on paper for accounting fraud
    • europeanguy 4y ago
      It wasn't a "as sprawling of a business as FTX was". It was a shell game.
      • ethbr0 4y ago
        FTX (in total) was an entity that operated in most countries in the world, under their regulatory regimes (if existent), across four(+?) major, different lines of business. That's not a "one corporate entity + a few international ones" type of endeavor.
    • deleted 4y ago
      [deleted]