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) →Kevin O'Leary has endorsed M2, a small cryptocurrency exchange incorporated in the Bahamas and offering unsustainable yields.
Sam Bankman-Fried's trading desk empire extended all the way to Thailand through Genesis Block Thailand, a branch of the Hong Kong desk.
Prager Metis, which took care of the books for FTX has had a complaint filed against it for failing to follow rules for public accountants.
The FTX bankruptcy noted contracts with SkyBridge dated days after Joseph Bankman warned Scaramucci about an "asset-liability mismatch."
One of FTX's general counsels was involved in an attempted acquisition of TrueUSD by Tron and Justin Sun, according to a lawsuit.
Abra has supposedly directed investors to open accounts at Prime Trust, despite the firm lacking a money transmission license in Texas.
Sam Bankman-Fried relied on a number of trading desks beside Alameda Research to keep his empire functioning.
SBF looks to have taken a break from Twitter. Maybe it's good for crypto -- and our collective sanity -- that we take a break from him too.
Despite erroneous reports about Terra LUNA bankrupting FTX, it might have actually been an incredibly disastrous trade in MobileCoin.