SBF

FTX Debt Recovery Efforts Yield $7B Amid Investigative Challenges

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In a major breakthrough, the ongoing debt recovery efforts by FTX, a prominent cryptocurrency exchange, have resulted in the retrieval of approximately $7 billion in liquid assets, as revealed in a recent investigative report. While this represents a significant milestone in addressing the exchange’s outstanding debt, it still falls short of the substantial $8.7 billion … Read more

FTX Executives Allegedly Lavishly Funded Unrelated Ventures using Customer funds

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Former executives of FTX, a well-known cryptocurrency exchange, have faced allegations of channeling funds toward ventures unrelated to their core business. Among these ventures is the notable “Pineapple House,” an extravagant expenditure amounting to an astonishing $1.8 million.  Quick facts: The allegations, outlined in an investigative report by FTX restructuring chief and CEO John Ray, … Read more