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FTX customers want more info on FTX's plans to sell subsidiaries
6.1.2023
While the Ad Hoc Committee does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers' interests are represented
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
22.11.2022
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between...
Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals
22.11.2022
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult...