FTX implosion could affect 'more than one million' investors
has reported. The company also stated that it has been in contact with US federal prosecutors, as well as"dozens of federal state and international regulatory agencies" over the last few days.
FTX filed for bankruptcy last week following the sudden collapse of its exchange. Today, the Securities Commission of The Bahamas said it had received court approval to appoint two partners from the Bahamas and Hong Kong to oversea the unwinding of FTX Digital Markets, a key part of FTX.
In addition, the Royal Bahamas Police confirmed yesterday that they were working"to investigate if any criminal misconduct occurred," according to the. The day after the bankruptcy was filed, the company reported that millions of dollars went missing from crypto wallets following"unauthorized transactions." In addition, at least $1 billion worth of customer funds vanished from FTX prior to that.You can disable notifications at any time in your settings menu.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Founder Secretly Moved Funds Through Backdoor: FTX InsiderFTX insider has reportedly stated that recent FTX 'hack' was illegal withdrawal of funds from FTX to Alameda Research
Read more »
FTX bankruptcy filing: What's happening at the crypto exchange?FTX is struggling to account for money that went missing hours after it filed for bankruptcy. Billions of dollars are unaccounted for right now.
Read more »
Warriors pause partnership with FTX after cryptocurrency firm files for bankruptcyThe first 10,000 fans attending Monday’s game against the San Antonio Spurs received a Jordan Poole “Poole Party” bobblehead that was sponsored by FTX.
Read more »
Warriors join Heat, suspend deal with FTX after cryptocurrency company declares bankruptcyThe Golden State Warriors are suspending their deal with FTX, too.
Read more »
What to expect as FTX heads to bankruptcy courtFTX and its web of affiliates were a black box to outsiders. That’s all about to change.
Read more »
Crypto trading site FTX under federal investigation amid bankruptcyThe collapse of cryptocurrency exchange FTX is now the subject of an investigation by federal prosecutors in New York, sources familiar with the matter tell ABC News.
Read more »