Clashes Over FTX Bankruptcy Go Global

  • 📰 WSJ
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Squabbles are erupting around the world over who controls the insolvent FTX's cash and crypto assets

has opened a hornet’s nest of squabbles between foreign governments and its new U.S. chief executive, John J. Ray III.

In Cyprus, the country’s securities regulator is complaining that Mr. Ray’s decision to place FTX in bankruptcy has stymied investigations and is preventing European customers from getting their money back. Officials in the Bahamas, where

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Assets?

Magic invisible money

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin jumps after strong jobs data, and DOJ calls for independent FTX probe: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, attorney Charlie Gerstein offers legal perspective on the FTX collapse and whether customers will ever see their money again.
Source: CNBC - 🏆 12. / 72 Read more »

Three things crypto investors need to know in a post-FTX world, according to financial advisorsThe FTX story isn't over yet, but lessons from the collapse to investors are already clear as day, according to financial advisors. 1- Crypto is Bullshit money 2- Get out now while you still can 3- Don't buy on the dips
Source: CNBC - 🏆 12. / 72 Read more »

Rep. Waters: Sam Bankman-Fried should bring 'candid' FTX discussions to CongressRep. Maxine Waters would 'welcome' Sam Bankman-Fried's participation in an upcoming FTX hearing. 🤡🌎 She is such an absolute embarrassment. Anyone who supports someone like this politically simply isn't paying attention.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Sam Bankman-Fried claims he ‘misaccounted’ $8 billion in FTX fundsSBF said he was “real lazy about this mental math” while running FTX into bankruptcy. Oh no biggie. I’m sure he’ll find it in the wash somewhere. But not miscounted funds into his own account. Funny that. He can have a bright future in the pentagon with his financial management skills.
Source: nypost - 🏆 91. / 67 Read more »

Texas Is Becoming a Bitcoin-Mining Capital. Can the Grid Handle It?Despite the FTX crash, ERCOT continues to court the cryptocurrency industry. Bitcoin Texas All of the crypto mining being encouraged in Texas despite the frailties of the grid only proves one thing. No matter what you want in this world you can always buy yourself some politicians to make it happen no matter what the consequences are to the people.
Source: TexasObserver - 🏆 242. / 63 Read more »

Sam Bankman-Fried May Regret Throwing Caroline Ellison Under the BusSam Bankman-Fried cracked on his apology tour and may have handed prosecutors a gift. KevinTDugan writes
Source: NYMag - 🏆 111. / 63 Read more »