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What you need to know for your 2022 tax filing if you lost money or used the FTX crypto exchange.
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NEW YORK — FTX founder Samuel Bankman-Fried’s interview at a financial conference here Wednesday drew a crowd of protesters, some of whom had lost sizable portions of their life savings in the ...
The plan is built on a series of settlements with FTX customers and creditors, U.S. government agencies, and liquidators appointed to wind down FTX's operations outside the U.S.
Institutional investors that stand to lose money due to their stakes in FTX include Tiger Global Management, the Ontario Teachers' Pension Plan, SoftBank Group, BlackRock, Lightspeed Venture Partners, Temasek, and Sequoia Capital. [116] [117] [11] [118] [12] Sequoia Capital wrote down its equity in FTX to $0 on 9 November, losing some $214 ...
The FTX estate has recovered up to $16.3 billion to repay customers. Hedge funds that bought customer claims are set to see nine-figure paydays.
As of October 31, 2022, the debtor companies in the U.S. filing collectively employed 330 workers around the world, with the largest number —127 — working in the U.S.
FTX Games is an American video game publisher based in San Diego. Originally founded as Funtactix in 2006, the company was acquired by Playtech in March 2016 and was rebranded as FTX Games. [ 3 ] In July 2020, FTX Games was acquired by Tilting Point Media.