FTX’s Sam Bankman-Fried Cashed Out $300 Million During Funding Spree

The Wall Street Journal2022-11-19

When FTX raised $420 million from an array of big-name investors in October last year, the cryptocurrency exchange said the money would help grow the business, improve user experience and allow it to ...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • ccwee
    2022-11-20
    ccwee
    read
  • ongcjeric
    2022-11-20
    ongcjeric
    Jj
  • PearlynCSY
    2022-11-20
    PearlynCSY
    FTX will sell or restructure global empire, CEO says. FTX’s new CEO said on Saturday that the bankrupt crypto exchange is looking to sell or restructure its global empire. “Based on our review over the past week, we are pleased to learn that many regulated or licensed subsidiaries of FTX, within and outside of the United States, have solvent balance sheets, responsible management and valuable franchises,” FTX chief John Ray, said in a statement. Ray’s statement came with a flurry of Saturday morning filings in Delaware bankruptcy court. In those filings, FTX asked for permission to pay outside vendors, consolidate bank accounts, and establish new ones. The exact timing of a possible sale is unclear. FTX indicated that it has not set a specific timetable for the completion of this process a
  • WillTee
    2022-11-19
    WillTee
    Power played on market funds. Good, bad? Be safe involving.
  • Goldlim
    2022-11-19
    Goldlim
    Cheated
  • 慢的老人
    2022-11-19
    慢的老人
    With so many signs and new evidence emerging of Sam Bankman-Fried's criminal and unethical mismanagement of FTX, wonder why Biden and the US Democrats haven't forced him to return to US soil for questioning. Guess all those political donations are paying off for SBF now [LOL] 
Leave a comment
9