.FTX_Official liquidators in the Bahamas cited 'serious fraud and mismanagement' in court documents filed in New York late Wednesday. By jackschickler
The Wednesday filing seeks to block the sale of any FTX assets provisionally, until courts reach aof the U.S. bankruptcy code, which deals with cross-border insolvency.
Media reports last week that said Alameda owes FTX around $10 billion were “essentially confirming that FTX Brand’s management misused customer deposits on the FTX digital asset exchange to extend undisclosed loans to Alameda,” the filing added, also citing the failedThe company, which includes around 134 subsidiaries and affiliates worldwide, is caught in messy legal proceedings to liquidate and repay as many as one million creditors.
FTX and Alameda founder Sam Bankman-Fried resigned on Friday and it is possible the company will face
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