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Market Wrap: FTX Was Sam Bankman-Fried’s 'Personal Fiefdom,' Lawyers Said

Summary by Ground News
Sam Bankman-Fried ran the collapsed crypto exchange as his own personal fiefdom, administrators told a bankruptcy court in Delaware. Inquest 'allowed everyone for the first time to really see under the covers and recognise that the emperor had no clothes,' said lawyer acting for new directors.
Published 3 months ago

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FTX: Court says Sam Bankman-Fried ran FTX as a 'personal fiefdom'

FTX's collapse was described in court as "one of most abrupt and difficult" in corporate America.

3 months ago·United Kingdom
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Sam Bankman-Fried ran FTX ‘as his own fiefdom’

Sam Bankman-Fried, the founder of FTX, ran the collapsed crypto exchange as “his own personal fiefdom” with a “lack of corporate controls at a level that non

3 months ago·London, United Kingdom
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Joe Bankman, Father of Former FTX CEO Sam Bankman-Fried, Was the Legal Mastermind Behind FTX

The financial collapse of multibillion-dollar FTX is sending waves through the cryptocurrency industry.  As the list of people responsible grows, one individual on the list should be the former CEO’s father, Joe Bankman.  FTX is now in bankruptcy and its top 50 creditors alone are owed over $3 billion from the entity.  We’ve reported on…

3 months ago·United States
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Market Wrap: FTX Was Sam Bankman-Fried’s 'Personal Fiefdom,' Lawyers Said

The CoinDesk Market Index, bitcoin and ether were all in the green.

3 months ago
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FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated – Bitcoin News

According to a report citing three people familiar with the matter, FTX co-founder Sam Bankman-Fried may be extradited to the United States.

3 months ago
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FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated – Bitcoin News » Earn Bitcoin

According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between $1 billion and $2 billion has gone missing. […]

3 months ago
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Bias Distribution

75% of the sources are Center
BBC News
The Times
Coin Desk
The Gateway Pundit
C 75%
R 25%
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