NEW YORK — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the company's coffers.
Bankman-Fried "proved that there is no such thing as a ‘safe’ conflict of interest,” BitGo CEO Mike Belshe said in an email.
Source: News Formal (newsformal.com)
Well, at least Republican politicians can still get bought by Russians and Saudis
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$740M in crypto assets recovered in FTX bankruptcy so farNEW YORK (AP) — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX said they've managed to recover and secure $740 million in assets so far, a fraction of the potential billions of dollars likely missing from the company's coffers. Is it too late to get ahold of some of the scam money? Check the DNC Lol, couldn’t be happier
Source: AP - 🏆 728. / 51 Read more »
FTX asks court to let BitGo safeguard its assets during bankruptcyFTX has agreed to hire BitGo to hold its $740 million of remaining digital assets in cold wallets. Is there anything like it? Is there anything like it? Is there anything like it?
Source: TheBlock__ - 🏆 464. / 53 Read more »
FTX Must Pay Expenses Incurred by Bahamas Regulator for Holding the Exchange's Digital AssetsFTX must pay all costs for the Bahamas regulator to hold its assets, the Bahama Supreme Court ruled. Also, a Bahamas court agreed to let the U.S. handle part of the case, easing tensions. FTX Bahamas US bankruptcy GregAhl Is Sam FTX a scammer? GregAhl “Let the US handle part of the case, easing tensions.” 😂😂🤣 GregAhl just withdrawl our funds. No need for Bahamas to hold our Money!
Source: CoinDesk - 🏆 291. / 63 Read more »
FTX Group has cash balance of $1.24 billion, new bankruptcy filing showsFTX Group has a combined cash balance of $1.24 billion, a new bankruptcy filing shows — far below the $3.1 billion FTX Group owes its top 50 creditors. gib pls give Is it 1.24 bln FTT?
Source: TheBlock__ - 🏆 464. / 53 Read more »
SBF, FTX execs reportedly spend millions on properties in the BahamasThe properties were all purchased within the last two years, one of which is known to be a $16.4 million “vacation home” in the name of the parents of Sam Bankman-Fried. And yet SBF virtue signals with a Corolla. What a peice of work. Total scam! Breaking: Farms are live!! 50% APY on ETH , BTC , BNB and other Bluechips 🤯 No impermanent loss and 100% trustless!! 🤯 crypto defi Binance 🚀🚀🚀
Source: Cointelegraph - 🏆 562. / 51 Read more »
Exclusive: Bankman-Fried's FTX, parents bought Bahamas property worth $121 millionSam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show. Every day is a new reminder of the size of this fraud. Hmmmm… The whole family can share a cell
Source: Reuters - 🏆 2. / 97 Read more »