FTX was run as a ‘personal fiefdom’ of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing, as they detailed ongoing challenges such as hacks and substantial missing assets
Representations of virtual cryptocurrencies are placed on U.S. dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse has left an estimated 1 million creditors facing losses totaling billions of dollars.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Sam Bankman-Fried and the FTX collapse, explainedFTX was one of the largest digital currency exchanges, where people could buy and sell currencies like bitcoin. It quickly rose to international prominence and seemed unstoppable. Then, the firm filed for bankruptcy. Here’s what happened.
Leer más »
The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21Sam Bankman-Fried got his legal team renounced from the case and the U.S. authorities working on extradition.
Leer más »
Sam Bankman-Fried deepfake attempts to scam investors impacted by FTXThe image and voice-likeness of FTX founder Sam Bankman-Fried have been used in a “deepfake” video by scammers in an attempt to trick users into a fake crypto giveaway.
Leer más »
Sam Bankman-Fried's Crumbling FTX Empire Holds $1.2B Cash ReservesBankrupt crypto exchange FTX_Official, along with the 100 or so companies in SBF_FTX's fallen empire have $1.2 billion in cash reserves as of Nov. 20, court filings show. By egreechee
Leer más »
Market Wrap: FTX Was Sam Bankman-Fried’s 'Personal Fiefdom,' Lawyers SaidJames Bromley, an attorney representing FTX, said FTX was Sam Bankman-Fried's 'personal fiefdom.' Binance's CEO wondered if Grayscale holds all the bitcoin it says it does. Bitcoin rebounded to above $16,000, _jocelynyang_ reports
Leer más »
Sam Bankman-Fried ran FTX like ‘personal fiefdom’ as firm spent $300M on luxury real estateSam Bankman-Fried ran FTX like 'personal fiefdom' as firm spent $300M on luxury real estate
Leer más »