[zefalt]

Pretty sure FTX was not a US corporation and catered to non-US customers. FTX.us, which was a minor branch that catered to US customers, was thought to be relatively solvent but ultimately collapsed like most things associated with FTX. Not saying that the SEC would have prevented anything in the fallout, but blaming them for failing to regulate seems somewhat incorrect.

Though, I am unclear why FTX filed bankruptcy in Delaware. Someone please correct me if I'm wrong.