Crypto Lender BlockFi Plans Bankruptcy Filing Within Days in FTX Fallout

Bloomberg2022-11-17

Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private.The ...

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robot1234
2022-11-18
robot1234
FTX CEO John Ray III’s filing from Thursday morning reveals a culture of laxity and permissiveness at the imploded crypto dealer, where expenses were approved with color-coded emoji and company money bought employee homes In a potentially serious concern, Almeda was granted exemption from “certain” parts of FTX’s auto-liquidation feature, a practice similar to a margin call in traditional finance. The former Enron restructuring CEO called some of the past management practices “unacceptable.” Earlier Thursday, FTX CEO John Ray III filed a declaration with the United States Bankruptcy Court for Delaware, the latest in the implosion of one of the world’s largest cryptocurrency exchanges. Ray, who helped shepherd Enron through its own bankruptcy, minced no words about the state of the company
- robot1234:
  FTX tells court it has evidence Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy
- mikelin:
  👍
- Aurochs:
  [Like]
- YCGan:
  Noted
- MySGX:
  Noted
Deonc
2022-11-17
Deonc
Good Sharing
UTOtrader
2022-11-17
UTOtrader
T
- EC7795:
  ok
Vincentan59
2022-11-17
Vincentan59
🙀🙀😵‍💫😵‍💫😵‍💫🫣

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