, after a liquidity crisis exposed a financial black hole that no-one yet knows the full extent of. As the recriminations begin in the crypto world, the man who's been charged with overseeing FTX's bankruptcy, and working out just what this company has been up to, reckons this is even worse than Enron.
. This is how the firm's leaders were allegedly funneling money around and using customer cash to make financial bets, without it seeming to affect the balance sheet of FTX. Ray said a"substantial portion" of FTX's supposed assets are either"missing or stolen". The bankruptcy process has so far secured around $740 million of cryptocurrency, though the filing notes that"at least $372 million of unauthorized transfers" took place on the same day FTX filed for bankruptcy. These transfers are being investigated.
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New FTX chief slams ‘complete failure of corporate controls’ at crypto exchange\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Se perdió el dinero de un millon de ahorradores/inversores.. A quien le importan Vamos a otra guerra? SBF is an international hero as his campaign contributions literally saved Democracy itself. Unfortunately some people lost out in the process, but the messaging on this has just been disparaging him when he was doing a selfless & altruistic deed.
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