First Mover Americas: FTX Faces Criminal Charges

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Bankrupt crypto alternate FTX faces a criminal investigation in the Bahamas following its dramatic collapse final week. Authorities within the Caribbean nation the place FTX has its headquarters are investigating whether or not any legal misconduct occurred within the alternate’s decline and chapter. Sam Bankman-Fried’s crypto alternate went from being one of many world’s largest to submitting for chapter in exactly per week, after a CoinDesk article raised questions concerning the monetary stability of its sister firm Alameda Analysis.



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