Crypto exchange FTX has hired a team of former senior U.S. regulators to help untangle the mess left by its collapse
Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to help untangle the mess: former senior U.S. regulators., a lawyer representing FTX said the firm has hired former enforcement chiefs from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, now both partners at law firm Sullivan & Cromwell LLP, to help the company’s new chief executive investigate what went wrong.
Mr. McDonald declined to comment, while Mr. Peikin and Ms. Friedlander didn’t respond to requests for comment. “What a former government official brings to the table is a very sophisticated understanding of how to conduct investigations and how to interface with…various government agencies,” said Justin Weitz, a partner at law firm Morgan, Lewis & Bockius LLP and a former Justice Department official, who added the newly appointed team’s priorities likely include preserving documents.
The collapse of FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on what went wrong and how complicated things could get. Here are three things to know about the company’s bankruptcy process. Photo: Lam Yik/Bloomberg News
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
FTX ordered to pay reimbursement fees to Bahamian regulatorsThe FTX bankruptcy proceedings have turned costly for the crypto exchange, as the filing revealed several financial holes and added extra cost in the form of digital asset custody charges.
Weiterlesen »
Tom Brady, Gisele Bündchen and Other Celebs Named in FTX LawsuitHigh-profile celebrities including Tom Brady, Stephen Curry and Larry David were named as defendants in a lawsuit for their roles in promoting crypto exchange FTX. The lawyer behind the suit, Adam Moskowitz of Moskowitz Law Firm, discusses the legal considerations of the case and the outlook for celebrity crypto endorsements.
Weiterlesen »
Warriors face second lawsuit in wake of FTX collapseThis is the second lawsuit that names the Golden State Warriors as a defendent amid the fallout of the collapse of cryptocurrency firm FTX.
Weiterlesen »
Golden State Warriors sued by FTX customer following crypto exchange's collapseThe Golden State Warriors have been named in a class-action lawsuit filed by an FTX customer seeking damages from the cryptocurrency's collapse. The Warriors had FTX as a platform.
Weiterlesen »
Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional ConfidenceBonds issued by Coinbase and MicroStrategy tanked, the FTX exploiter moved a total of 180,000 $ETH and the crypto market plunged amid continued market uncertainty, _jocelynyang_ reports
Weiterlesen »
FTX Blowup Helped Enrich the Ethereum Validators Who Run the BlockchainThe FTX_Official meltdown was bad news for crypto, but it drove a dramatic surge in profit opportunities for the validators who run the Ethereum blockchain. cryptauxmargaux reports.
Weiterlesen »