Dennis JernbergNov 13, 2022

Funds vanish at bankrupt crypto exchange FTX; probe underway
https://www.msn.com/en-us/money/news/funds-vanish-at-bankrupt-crypto-exchange-ftx-probe-underway/ar-AA142RCy

It's getting wild, people.

Funds vanish at bankrupt crypto exchange FTX; probe underway

NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets, according to a tweet by FTX’s general counsel Ryne Miller. FTX is also coordinating...

MSN
GRΔΠDΔLҒ Nov 13, 2022
Show threadDennis Jernberg

The fall of crypto exchange FTX is 'worse than Theranos, worse than Madoff' as federal probes mount, former SEC official says
https://www.msn.com/en-us/money/markets/the-fall-of-crypto-exchange-ftx-is-worse-than-theranos-worse-than-madoff-as-federal-probes-mount-former-sec-official-says/ar-AA141LwH

Remember, both Elizabeth Holmes of Theranos and Sam Bankman-Fried of FTX were both Forbes cover kids before the Invisible Hand smacked them down.

The fall of crypto exchange FTX is 'worse than Theranos, worse than Madoff' as federal probes mount, former SEC official says

"The contagion is rapidly spreading amongst all of the various crypto ecosystem and that's a serious problem for anybody that's doing anything with crypto."

MSN
Nov 13, 2022 at 4:04amWeb