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) →Abra has supposedly directed investors to open accounts at Prime Trust, despite the firm lacking a money transmission license in Texas.
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.
Despite Alameda's lack of risk mitigation procedures, it appears those in charge of liquidations may be as gung-ho as the previous leaders.
Bitvavo is due up to $300 million after Bahamas-based FTX collapsed, leaving Genesis Trading and Digital Currency Group owing $1.8 billion.
Unlike Sam Bankman-Fried, Ellison has remained publicly silent since FTX's collapse and hasn't tweeted since early November.
The most prominent exchanges where these liquidations occur are Binance, FTX, Okex, Bybit, Huobi, and CoinEx.
Sam Bankman-Fried has built a reputation as a crypto white knight, saving struggling firms through massive investment. But is this true?