ftx
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‘Misused with Wild Abandon’: How FTX Reportedly Exploited Some $US8.7 Billion in User Funds
Ever since the ill-fated crypto exchange FTX imploded last year, evidence has been building of rampant criminal activity on the part of the firm’s top executives. A new report on the company’s finances published Monday does nothing to dispel that notion, revealing instead new allegations about how the failed exchange misspent billions in customer funds,…
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‘Such is Life:’ FTX Says SBF and Execs Joked About Misplacing Millions of Dollars
Former crypto golden boy Sam Bankman-Fried’s calamitous time at his former exchange FTX was even more haphazard and ludicrous than previously stated. FTX’s latest bankruptcy report filed Sunday adds additional fuel to the still-smouldering questions regarding just how greedy and corrupt its former executives were before the crypto exchange eventually collapsed.
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Judge Says SBF’s Proposed Bail Conditions Are Too Cushy
A federal judge doesn’t think proposed changes to Sam Bankman-Fried’s bail conditions will be enough to address the disgraced FTX founder’s messy online behaviour while awaiting trial, according to a Friday Reuters report.
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FTX Japan Unfreezes Funds, Resumes Customer Withdrawals
Blockchain investors in Japan rejoice. The Japanese subsidiary of bankrupt crypto exchange FTX announced that customers could begin withdrawing funds from their accounts beginning on Tuesday, after a months long freeze. FTX Japan customers are among the first to get their money back following the exchange’s global collapse in November 2022.