Bankrupt

This Week in Pieces: FTX Goes Bankrupt, Bitcoin Falls to Two-Year Low CryptoBlog

This Week in Pieces: FTX Goes Bankrupt, Bitcoin Falls to Two-Year Low CryptoBlog

This week in parts. Illustration by Mitchell Preffer for Decrypt. Welcome to our weekly recap of crypto market movements over the past seven days. Just when the industry was starting to think about Crypto Winter had passedthe sudden cinematic collapse of crypto exchange FTX this week sent prices plummeting across the board. Bitcoin (BTC) and …

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Exclusive - At least $1 billion in client funds are missing from bankrupt crypto firm FTX - sources

Exclusive – At least $1 billion in client funds are missing from bankrupt crypto firm FTX – sources

By Angus Berwick New York (Reuters) – At least $1 billion in client funds have disappeared from collapsed crypto exchange FTX, according to two people familiar with the matter. Exchange founder Sam Bankman-Fried secretly transferred $10 billion in client funds from FTX to Bankman-Fried’s trading firm Alameda Research, the people told Reuters. Much of that …

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Billionaire Who Tried to Buy Congressional Seat in Oregon Goes Bankrupt as His Crypto Companies Crash

Billionaire Who Tried to Buy Congressional Seat in Oregon Goes Bankrupt as His Crypto Companies Crash

Six months ago, billionaire Sam Bankman-Fried spent millions to install his favorite candidate in the new seat of the US Congress in Oregon. Now the crypto companies that made him rich are bankrupt. Bankman-Fried, a resident of the Bahamas, upended the political order in Oregon last spring by spending $11.4 million to support political newcomer …

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