-
FTX’s financial mismanagement comes under the microscope
New York CNN Organization — The full extent of FTX’s fiscal disarray is turning into clearer as the failed crypto exchange’s new management combs for funds as portion of the personal bankruptcy system. In the company’s to start with Chapter 11 hearing in Delaware Tuesday, restructuring attorney James Bromley reported that a “substantial amount” of property have been stolen or are missing. FTX, formerly one of the most reliable models in crypto, submitted for personal bankruptcy earlier this month. Its CEO and founder, Sam Bankman-Fried, resigned, marking the implosion of his multi-billion-greenback crypto empire. The swift downfall of FTX and Bankman-Fried has shaken investors’ self-assurance in the market and sparked…


