FTX
The U.S. DOJ is currently in the process of seizing $465 million USD in previously purchased shares, while three other parties also claim ownership over the stock.
With the SEC accusing the disgraced FTX founder of perpetrating one of the largest and most “brazen” frauds in recent memory.
The loans derived from the company’s trading arm, Alameda Research, included a $16 million USD payout meant to fund an apartment in the Bahamas for the exiting CEO.
Alleging that he is “singularly responsible for the regulatory failures surrounding the collapse of FTX.”
With several different takes of the event being produced by names like Billie Mintz, the Russo Brothers, and Michael Lewis.
With CoinMarketCap being among the latest to implement these tools on its site.
As events before and after the fall of the exchange have made clear a large number of industry gaps and uncertainties for crypto.
Withdrawals have exceeded Genesis’s liquidity profile.
Illustrating crucial lessons in business etiquette, pride, and realistic expectations.
In a “discussion” that would almost never happen between TradFi institutions, at least not publicly.
