Roughly two weeks after the collapsed cryptocurrency exchange FTX filed for bankruptcy, its customers are losing hope they will ever see their money again. The latest blow to FTX account holders came on Tuesday at a bankruptcy hearing in U.S. federal court, when lawyers for FTX painted a grim picture of the Bahamas-based firm’s finances and disclosed that a “substantial amount of assets” from user accounts have either been stolen or are missing.
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Nik Popli, Time: Business
Fri, 11/25/2022 - 4:00am
Topics: darian ibrahim william mary law school court november exchange commission justice department ceo wall street journal this james bromley nov it america bitcoin alan rosenberg florida ldquo;what ldquo;that read ftx crash will have lasting impact african crypto community federal deposit insurance corporation fdic ldquo;we eric soufer tusk strategies fintech ldquo;the ftx washington sen debbie stabenow democrat michigan congress ibrahim stephen curry ldquo;if i m ldquo;he d ftx u.s bahamas ftx&rsquo ldquo;i i alameda bankman-fried sam bankman-fried rosenberg ftx crypto tom brady money bankruptcy customers assets asset collapse funds legal company recover years roughly run corporate moved platform experts users year months faced lost early unsecured judge clear unregulated fund professor largely research world regulators customer
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