FTX Court Filings Claim Firm’s Fraud and Mismanagement

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The post FTX Court Filings Claim Firm’s Fraud and Mismanagement appeared first on Coinpedia Fintech News

The court filings by FTX’s Bahamian liquidators claim that there are signs which point towards fraudulent activities of FTX exchange. The document states that the Joint Provisional Liquidators findings suggest fraud and mismanagement of FTX.

These documents were filed in the name of Brian Simms, Kevin Cambridge and Peter Greaves who are in charge of closing the company’s dealings in the Bahamas. Until the court makes any formal decision FTX’s all sales are set to be blocked.