The last-ditch effort by FTX to restructure its balance sheet has resulted in bankruptcy. It was inevitable, with controllers all over the planet freezing the grieved trade’s resources. John J. Ray III takes over for Sam Bankman-Fried, who resigned from his position as CEO. Ray stated, The FTX Group should be allowed to evaluate its situation […]
Expected withdrawal of the extradition defense by the founder of FTX
Sam Bankman-Fried appeared at a hearing in the Bahamas early on Monday and is scheduled to inform the judge that he would not contest his extradition to the United States, where he is accused of several criminal and civil offenses connected to the failure of the cryptocurrency exchange FTX. The choice was made barely one week […]
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