Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford
Biggest Financial Lesson Of 2022: No Free Money, Crypto Or Otherwise swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
The Bahamas securities authority sought a probe into the FTX affiliate after the subsidiary’s chairman warned of commingled funds with Alameda, records made public Wednesday show
A legal expert told Newsweek that "the fall of FTX will have ripple effects that touch on multiple industries and personalities," including the quarterback.
bankman-fried. this was the very same day a house committee held a hearing on the ftx bankruptcy. bankman-fried was supposed to testify before his arrest took place. and according to the wall street journal, he intended to start by saying, under oath, quote, i effed up, which is neither professional nor cute. instead, lawmakers heard from the new ftx court appointed ceo bankruptcy expert john ray. the ftx groups collapse appears to stem from absolute concentration of control in the hands of a small group of grossly inexperienced, not sophisticated individuals. there s no record keeping whatsoever. it s the absence of record keeping. employees would communicate invoicing and expense expenses on slack which is, essentially, a way of communicating for chat rooms. they used quickbooks a multibillion dollar companies in quickbooks. quick books?