FTX: The SEC has charged Samuel Bankman-Fried under the Securities and Exchange Act 1934 and Securities Act 1933, with defrauding investors in FTX trading, the crypto platform he was CEO and co-founder. He raised more than $1.8bn from equity investors…
U.S senators have questioned whether lawyers should be involved in investigating wrong doing at FTX, given its history of legal work for FTX prior to the company filing for bankruptcy. “As legal counsel is often central to major financial scandals,…
Crypto exchange Gemini has a $900mn exposure to FTX and working to recover funds. One suspects the list of those owed money by FTX is long and there may not be a lot of liquid assets with value left to…
Tuesday this week will be a day when more information becomes available on FTX, as the initial bankruptcy hearing takes place in Delaware. With over 1 million creditors there’s a long cue looking to get their cash, or bitcoin back.…
