‘The epic collapse of FTX, looks set to go down as one of the great financial debacles of all time,’ says Kenneth Rogoff, a professor at Harvard and former chief economist of the IMF. And James Bromley, a partner at Sullivan & Cromwell, who is representing FTX in the bankruptcy proceedings, has said that it is ‘one of the most abrupt and difficult collapses in the history of corporate America and the history of corporate entities around the world.’