The fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects.exchange FTX owes creditors $3.1 billion, according to court documents filed late Saturday night.earlier this month after the company, run by 30-year-old Sam Bankman-Fried, collapsed. The company saw its value soar to a peak of $32 billion in January.
Bankman-Fried drew the scrutiny of investigators from state and federal agencies, as well as the Justice Department, for how his company collapsed and the money under his control that went missing.RELATED: FTX lawsuit: Investor sues Tom Brady, Gisele Bundchen, Steph Curry as crypto contagion spreads
They are letting the thief claim bankruptcy!!! Wow most people would be in prison for this ponzi scheme But that's right they donated heavily to the Demoncraps !!
Funny, I didn’t lose a penny. 🤷♂️