Crypto trading shop Folkvang has some assets locked on FTX that it has used to facilitate trading, but can "easily absorb this hit."

Ethereum-based t<a href="https://dune.com/21shares_research/alameda-and-ftx-tracker">oken data on Dune Analytics</a>, shows the current state of wallet holdings held by FTX and Alameda.&nbsp;

There are 134 FTX-related entities that filed a petition in the U.S. Bankruptcy Court for the District of Delaware for relief under Title 11 of the United States Code.&nbsp;Including Alameda Research Holdings Inc.、Alameda Research LLC、Alameda Research Ltd、FTX Canada Inc、FTX Hong Kong Ltd、FTX Lend Inc、FTX US Services, Inc.、FTX US Trading, Inc、FTX Ventures Ltd、FTX US Derivatives LLC、Blockfolio Holdings, Inc., etc.

Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy.

Who is new FTX CEO&nbsp; While the crypto market responds negatively to the FTX bankruptcy announcement, the onus is now on the new FTX CEO John J. Ray III to deliver. According to a report from the U.S. Securities and Exchange Commission, John J. Ray III is registered for insider trading.

Digital Currency Group (DCG), the parent company of crypto trading firm Genesis, is stepping in to provide a $140 million equity infusion to Genesis after it said that its derivatives business had $175 million locked up on the FTX platform.

As the FTX crisis continues its outpour, users of the platform try various ways to bypass the official process of withdrawing their funds from the collapsing exchange.&nbsp; On Nov. 10, the exchange announced that it will begin withdrawals of funds based in the Bahamas. According to the exchange, the move aims to have its comply Bahamian headquarters with the demands of regulators within the country.&nbsp; &nbsp;

Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to filing for bankruptcy under Chapter 11 in the District of Delaware.

The embattled FTX cryptocurrency exchange has filed for bankruptcy, according to a statement posted on its Twitter profile. The company says that its Chapter 11 bankruptcy filing is a necessary step to "move forward" and "maximize recovery for stakeholders."

Crypto exchange announced it had "liquidity" issues earlier this week.Crypto exchange FTX filed for bankruptcy in the U.S., the company announced Friday.