Investment bank Jefferies estimates recovery of as much as 40% for FTX creditors, though that rate will likely drop once fees are taken into account.
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FTX wants permission to sell FTX Japan and FTX Europe as well as LedgerXFTX has asked the Delaware Bankruptcy Court for permission to sell LedgerX, Embed, FTX Japan and FTX Europe, after CFTC Chairman Rostin Bernham noted that LedgerX has more cash than the rest of the debtors combined.
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Former FTX spokesman Kevin O'Leary says he believes Binance put FTX 'out of business intentionally'Ex-FTX spokesman Kevin O'Leary told a Senate committee Wednesday he believes FTX rival Binance put the fallen crypto exchange 'out of business intentionally.'
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FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-FriedFTX Digital Markets co-CEO alerted the securities regulator in the Bahamas to the fraud being committed at the exchange, telling the authorities that FTX was sending customer funds to Alameda Research.
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Exclusive: Exclusive: Sheriff Troyer acquitted, says governor, AG were 'coming after me'Pierce County Sheriff Ed Troyer pushed back against the media, Gov. Inslee, and AG Bob Ferguson after he was acquitted Wednesday.
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Sam Bankman-Fried spent FTX funds on swanky real estate, donations — and himself: SECAnother $300 million from FTX comingled with Alameda was doled out to luxury Bahamas real estate, lawyers indicate.
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FTX collapse called ‘old-fashioned embezzlement’ as Bankman-Fried slapped with federal chargesFederal prosecutors on Tuesday charged disgraced cryptocurrency entrepreneur Sam Bankman-Fried with defrauding investors out of billions and making illegal campaign contributions.
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