FTX spent the past year buying up residential property around its headquarters in the Bahamas.
FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, according to a new report.
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Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit RampUPDATE: soBTC largely recovered in price after FTX US reopened withdrawals, restoring a critical offramp for the wrapped bitcoin asset.
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FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resignsFTX said roughly 130 companies in FTX Group — including FTX Trading, FTX US and Alameda Research — had started proceedings to file for bankruptcy in the United States.
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FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law EnforcementNew FTX_Official CEO John Ray said the company is “in contact with, and are coordinating with law enforcement and relevant regulators” after last night’s hack. cheyenneligon reports
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Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator – Regulation Bitcoin NewsBahamas' securities regulator has frozen FTX's assets and the supreme court has appointed a provisional liquidator. crypto cryptocurrency
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Bahamas securities regulator freezes FTX assetsThe Securities Commission of The Bahamas has frozen assets of FTX Digital Markets.
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Breaking: Bahamas securities regulator freezes FTX assetsThe Bahamas Securities Commission (BSC) has frozen the digital assets of cryptocurrency exchange FTX with the country's Supreme Court appointing a provisional liquidator.
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