Crypto company that faces scrutiny from Texas regulators files for bankruptcy after competitor questioned its viability

Sam Bankman-Fried, CEO and Founder of FTX, in Washington, D.C., on Sept. 15. The crypto company announced Friday that it's filing for bankruptcy and Bankman-Fried has resigned., our daily newsletter that keeps readers up to speed on the most essential Texas news.

The bankruptcy filing in Delaware — which includes FTX Trading, FTX US, Alameda Research and about 130 additional affiliated companies collectively known as the FTX Group — seeks to allow the group to “assess its situation and develop a process to maximize recoveries for stakeholders,” newly-appointed FTX Group CEO John J . Ray III said in a statement.on Friday said Bankman-Fried’s assets went “from $16 billion to zero in days” as a result of the “downfall of his crypto empire.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Crypto.com CEO Shares Company's Crypto Reserve Addresses in the Wake of FTX Bankruptcy – Bitcoin NewsCrypto․com's Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets. Ok, I only listen to ChiefraFba for signals! Suuuuuuure who are the shareholders of CRO?
Herkunft: BTCTN - 🏆 531. / 51 Weiterlesen »

Crypto company that faces scrutiny from Texas regulators files for bankruptcy after competitor questioned its viabilityFTX’s collapse came after customers raced to cash out their deposits when a major competitor questioned its viability and declined to buy the company in a bailout deal.
Herkunft: TexasTribune - 🏆 441. / 53 Weiterlesen »