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Following the collapse of FTX, the Royal Bahamas Police Force launched a criminal investigation into the company. [107] [27] Anonymous sources cited by Bloomberg said that the office of the United States Attorney for the Southern District of New York had begun an investigation into FTX's collapse as of 14 November. [28]
The money exposed to FTX is a small fraction of Missouri’s roughly $8.5 billion pension fund. Fitzpatrick told The Star that MOSERS investment staff would have made the decision to invest in the ...
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.
New FTX CEO, John Jay Ray III, slammed the company's "complete failure of corporate controls" in a new document filed with U.S. bankruptcy court on Thursday. “Never in my career have I seen such ...
Going Infinite: The Rise and Fall of a New Tycoon is a 2023 book by Michael Lewis about Sam Bankman-Fried, a fraudster who founded the failed cryptocurrency exchange FTX. [1] [2] [3] The book's publication date, October 3, 2023, coincided with the beginning of Bankman-Fried's trial on seven counts of fraud and money laundering. [4]
NEW YORK (Reuters) -FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading ...
John Ray, the current CEO of FTX, didn't mince words Tuesday in front of the House Financial Services Committee. "The FTX groups collapse appears to stem from absolute concentration of control in ...
The CFTC settlement requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement, which will be used to further compensate victims for losses suffered during the exchange's collapse.