Back to collectionA Bankruptcy Filing and a Clear Answer for Players
After successive reversals in the exchange crisis, players began worrying that the studio's money might be trapped too. FTX and more than 130 affiliated entities filed for Chapter 11 bankruptcy, and its founder stepped down as CEO. The notice gave the community an answer it could quote directly, but the conversation did not quiet down.
A creative chronicle combining project history with imagined scenes. Story events are not verification of network activity.
After successive reversals in the exchange crisis, players began worrying that the studio's money might be trapped too. The narrator, preparing a community notice, had a specific problem: how to put a clear answer where people asking that question would see it first.
FTX and more than 130 affiliated entities filed for Chapter 11 bankruptcy, and its founder stepped down as CEO. It had taken just ten days for his image as an industry savior to end in bankruptcy papers. That night, hundreds of millions of US dollars were also mysteriously transferred out of FTX wallets. The narrator placed “We are completely unaffected by FTX” at the top of the notice, because that was the question people had asked most often in recent days.
The notice gave the community an answer it could quote directly, but the conversation did not quiet down. Some people asked about the studio's exposure; others worried more about their own assets. The narrator planned to sort those questions separately, while finance still had to finish its exposure review.