Just like after the Reddit-driven GameStop saga, everyone is racing to make movies about the FTX crypto exchange
-story story about a small-town lawyer named Eric C. Conn , who was accused of defrauding the government out of millions of dollars.Separate from whatever FTX project Apple decides to move forward with, there is also an adaptation of amagazine article about FTX’s collapse in the works from writer-director Graham Moore . At least two documentaries are also coming, one from a Vice Media partnership withA photo illustration of the FTX logo and mobile app.
In terms of other FTX news and developments, the exchange is now a target of at least one lawsuit accusing it of being essentially a Ponzi scheme. Federal investigations from the US Dept. of Justice and the Federal Trade Commission are also looking into what happened, and a bankruptcy proceeding has also revealed shocking new details about what transpired behind the scenes.
For example, Reuters reports that Sam Bankman-Fried’s parents and senior FTX executives bought at least 19 properties worth nearly $121 million in the Bahamas, where FTX set up its headquarters, official property records show. An attorney this week also told a bankruptcy judge that the exchange was run as a “personal fiefdom” of Bankman-Fried.Andy Meek is a reporter who has covered media, entertainment, and culture for over 20 years. His work has appeared in outlets including The Guardian, Forbes, and The Financial Times, and he’s written for BGR since 2015. Andy's coverage includes technology and entertainment, and he has a particular interest in all things streaming.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
FTX had 'substantial amount' of assets stolen, diminishing odds users will get their money backLawyers for FTX Trading disclosed Tuesday that a 'substantial amount' of assets has been stolen from accounts on the collapsed cryptocurrency exchange, diminishing the odds that its millions of users will get their money back.
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 »
Are Decentralized Exchanges More Attractive after FTX Collapse?Check out how cryptocurrency investors are dealing with decentralized exchanges after FTX_Official crash and how this sector may develop in the coming months
Leer más »
FTX bankruptcy hearing unveils latest developments in crypto exchange's collapseThe first hearing in FTX's Chapter 11 bankruptcy revealed the latest details involving the crypto firm's downfall, including a new criminal investigation.
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 »