FTX Assets Were Stolen or Are Missing

Published by
The Street

By Luc Olinga A first court hearing on the bankruptcy of the cryptocurrency exchange FTX was held on Nov. 22. The secrets of the fallen cryptocurrency exchange FTX began to be revealed on Nov. 22 during the company’s first hearing in bankruptcy court. According to lawyers in charge of the restructuring of the Sam Bankman-Fried empire, of which FTX was one of the jewels, “substantial” assets of the platform have either been stolen or have disappeared. “Unfortunately, the FTX debtors were not particularly well run, and that is an understatement,” James Bromley, co-head of the restructuring pract…

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