FTX wants to regain its chips: after some questionable transfers, Binance could escape with a hefty fine.
Promise, sworn, spit! FTX creditors recover their funds... finally, just 10%. The rest? For the shareholders, of course!
Sam Bankman-Fried, or how to contest 25 years in prison by loudly claiming that the judge was wrong.
FTX: the financial miracle that promises to repay more than it owes!
Before November 2022, no one expected the American crypto exchange FTX, valued at over $32 billion, to meet such a tragic end. Colossal losses for the company, its creditors, and its founder Sam Bankman-Fried, investments worth thousands, if not hundreds of thousands, of dollars lost for its creditors (including individuals and institutions), plummeting cryptocurrency prices (Bitcoin, Ethereum, etc.). The toll is heavy. Now that the fallen young CEO of FTX is summoned to court to answer for his actions, we share some details that will send shivers down your spine.
There will be some rumblings in the crypto industry in the next few days. Because if approved, FTX will liquidate a large number of its digital assets. There's talk of a plan to sell $200 million in cryptocurrencies. Something to keep an eye on!