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 […]
Read MoreTag: Securities/Commodity Exchange Activities
Markets Currencies Cryptocurrency ‘My blood is boiling.’ Some were optimistic a week ago. Now they are increasingly losing hope. Source link Source link
Read MoreNearly three-quarters of the $420 million that FTX raised in a fundraising blitz last year went to founder Sam Bankman-Fried, who sold some of his personal stake in the company. Source link Source link
Read MoreThe crypto exchange exhibited a “complete failure of corporate controls,” former Enron chief John Ray said in his first detailed filing with the bankruptcy court. Source link Source link
Read MoreWhat started as a dream job turned into a nightmare for employees of the crypto exchange that imploded in spectacular fashion last week. Source link Source link
Read MoreMarkets Currencies Cryptocurrency Warning comes in the wake of FTX collapse and as bank regulators begin hearings on Capitol Hill Source link Source link
Read MoreBusiness Science of Success The FTX founder’s approach to risk fueled his rise to the top of the crypto world. Then came the catastrophic fall. Source link Source link
Read MoreMarkets Currencies Cryptocurrency The company had been pushing lawmakers for a bill widely considered friendly to the crypto industry Source link Source link
Read MoreMore than $400 million worth of crypto funds appears to be missing, according to a crypto analytics firm. Source link Source link
Read MoreAlameda Research CEO and senior FTX officials are said to have known that FTX had lent its customers’ money to Alameda to help it meet its liabilities. Source link Source link
Read MoreThe cryptocurrency platform said Sam Bankman-Fried would remain at the company to assist with an orderly transition and it would begin a process to review and monetize assets for stakeholders. Source link Source link
Read MoreThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Source link Source link
Read MoreMarkets Currencies Cryptocurrency Probe focuses on potential securities-law violations by U.S. affiliate Source link Source link
Read MoreThe industry is seeking influence in Washington as regulators increase their scrutiny of digital assets. Source link Source link
Read More