. 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.
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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