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Showing posts of Day: November 13, 2022

EXPLAINER: What’s Happening at Bankrupt Crypto Exchange FTX?

The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The exchange, formerly one of the world’s largest, sought bankruptcy protection last week, and its CEO and founder resigned.

FTX Collapse Being Scrutinized by Bahamas Authorities

NASSAU, BAHAMAS — The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy