CFTC Chairman Michael Selig noted that during the 2022 collapse of FTX, where founders misappropriated roughly $8 billion, the single FTX subsidiary registered with the CFTC preserved its customer assets intact

The venues where digital assets trade, from Coinbase and Binance to decentralized protocols, with their listings, licenses, custody and failures.

Licensing, custody, and market-conduct rules for platforms where people trade digital assets, shaped by collapses like FTX and jurisdictional disputes between regulators.