FTX is seeking to remove FTX Turkey, an exchange that is 80 percent owned by parent company FTX Trading Ltd, from the scope of the bankruptcy case, according to documents filed in Delaware bankruptcy court. FTX stated, "The order issued by this court has no legal or practical effect in Turkey, and the debtor has no reason to believe that the Turkish government will abide by the order of this court." FTX filed for bankruptcy protection in the United States on November 11, 2022. 134 affiliated entities worldwide Petition filed in U.S. Bankruptcy Court, District of Delaware, U.S.A.