FTX bankruptcy filings in, French central bank wants quick regulation

0
3
Published by
Reuters

By Akriti Sharma and Daniel Leussink (Reuters) – Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in official bankruptcy filings released on Tuesday, as regulators opened probes and called for the faster implementation of rules for the hamstrung industry. FTX’s filing to a U.S. bankruptcy court said it was in contact with financial regulators and had appointed five new independent directors at each of its main companies, including Alameda research. FTX founder and former chief executive Sam Bankman-Fried said he expanded his business too fast and failed to notice signs of tro…

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.