FTX owes more in legal fees than it does to creditors
Recent filings show that FTX has been billed $1.45 billion in bankruptcy legal fees so far while it owes $1.42 billion to creditors.
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Recent filings show that FTX has been billed $1.45 billion in bankruptcy legal fees so far while it owes $1.42 billion to creditors.
Read more (2 min) →Did SBF, Alameda, and FTX make its cash through the Kimchi Arbitrage? These curious ties to Chinese entities seem to suggest otherwise.
Abra has supposedly directed investors to open accounts at Prime Trust, despite the firm lacking a money transmission license in Texas.
— FTX, Jane Street
Researcher Igor Igamberdiev claims Jane Street largely contributed to the depegging of UST and Terra's collapse -- but did it mean to?
The UK-based investors are revealed to have sought police help following the collapse of FTX and the loss of millions in cash.
Despite erroneous reports about Terra LUNA bankrupting FTX, it might have actually been an incredibly disastrous trade in MobileCoin.
Prior to the bankruptcy, many Genesis creditors said they still believed they'd be able to get all or most of what they had deposited back.
— FTX, Silvergate
Silvergate lost nearly $1 billion in Q4 2022 alone as customers realized that FTX was once its biggest client.
Despite Alameda's lack of risk mitigation procedures, it appears those in charge of liquidations may be as gung-ho as the previous leaders.
Harvard professor Larry Summers has wiped all mention of his advisory role at DCG following backlash for comments he made about FTX.