A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection point […]
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FTX is expected to make its debut appearance Tuesday in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets. FTX’s lawyers are advancing an unprecedented chapter 11 case marked […]
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Markets Currencies Cryptocurrency ‘My blood is boiling.’ Some were optimistic a week ago. Now they are increasingly losing hope. Source link Source link
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Sam Bankman-Fried’s bankrupt FTX crypto exchange owes its 50 top unsecured creditors a total of $3.1 billion. FTX Trading Ltd. and about 100 affiliated companies are starting a strategic review of global assets. Investors continue to pull funds from digital-asset exchanges despite the latter’s efforts to reassure markets about their stability. Crypto […]
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Markets Currencies Cryptocurrency Warning comes in the wake of FTX collapse and as bank regulators begin hearings on Capitol Hill Source link Source link
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Markets Currencies Cryptocurrency The company had been pushing lawmakers for a bill widely considered friendly to the crypto industry Source link Source link
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Markets Currencies Cryptocurrency Probe focuses on potential securities-law violations by U.S. affiliate Source link Source link
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The industry is seeking influence in Washington as regulators increase their scrutiny of digital assets. Source link Source link
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