. In the company’s first Chapter 11 hearing in Delaware Tuesday, restructuring attorney James Bromley said that a “substantial amount” of assets have been stolen or are missing. FTX, formerly one of the most trusted brands in crypto, filed for bankruptcy earlier this month. Its CEO and founder, Sam Bankman-Fried, resigned, marking the implosion of his multi-billion-dollar crypto empire.
The updated figure underscores what FTX’s new chief executive described last week as a total lack of centralized cash controls under the management of Bankman-Fried. In a filing last week, the CEO, John J. Ray III, said the new management team had been able to only approximate the amount of cash on hand at around $564 million.
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The very day Biden took office, (after 4yrs of Trump) gas was $2.39g, “prosperous” economy, secure border, and no tax payer $ billions war funding (Ukraine). Bidens executive orders have wrecked it all. 40yr high inflation result. Naive gullible democrat voters are the cause.
Lol cnn international only has 2 comments
Lolololol. Look at this dude and tell me you'd transact ANY business with him other buyin' a bag of weed.
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Collapsed FTX owes nearly $3.1 billion to top 50 creditors | CNN BusinessCryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. Maybe Elon could buy it and make it Legit ! I am an avid reader of cnn. While I find an article telling how bad Elon Musk every other day, I could not find a negative article about FTX until now. What am I missing here? The amount of mis-information CNN spreads they shouldn’t even be allowed to report news.
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See Volkswagen's office chair that would make even a 'Star Trek' Captain jealous | CNN BusinessVolkswagen Norway's Commercial Vehicles department unveiled an office chair prototype that resembles their EV cars. CNN's Vanessa Yurkevich reports the chair has a horn, seatbelt and a top speed of 12 miles per hour. Blimey, if only they had google in their country. Good for office workers to get fatter and in worse shape than they already were. 👍
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