Cryptonews In potentially ill-advised tweets over recent days, SBF himself has admitted that FTX's former management team 'got overconfident and careless' 👀
In potentially ill-advised tweets over recent days, SBF himself has admitted that FTX's former management team "got overconfident and careless."The identities of each party were redacted in the documents filed on Saturday — and the largest creditor is currently $226 million out of pocket.
But a bigger problem is this: FTX's old management has been accused of failing to keep "appropriate books and records" — meaning it isn't exactly clear who is owed what. In a statement, he urged employees, customers and regulators to be patient "as we put in place the arrangements that corporate governance failures at FTX prevented us from putting in place prior to filing our Chapter 11 cases."
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FTX owes $3.1 billion to its 50 largest creditorsFTX owes its 50 largest creditors about $3.1 billion, the failed cryptocurrency exchange said in a bankruptcy court filing Saturday. The filing didn’t name...
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FTX owes creditors $3.1 billion, court documents showFTX owes creditors $3.1 billion, according to court documents filed Saturday night.
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