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No, FTX hasn’t recovered all funds and isn’t restarting soon

FTX is unlikely to restart soon but is assessing the possibility, as it continues to recover funds for creditors.

Court filings reveal the lack of internal controls at FTX

An alarming report produced as part of FTX’s ongoing bankruptcy describes failures in cybersecurity, internal controls, and asset management.

The deal avoids a lengthy legal battle with Modulo and gets around the fact that SBF won’t be available due to ongoing criminal proceedings.

FTX court filings reveal exec payouts weren’t too generous for Alameda Research co-CEO Ellison, and far less than co-CEO Sam Trabucco.

Sam Bankman-Fried relied on a number of trading desks beside Alameda Research to keep his empire functioning.