FTX Trade

US restructuring lawyer James Bromley has accused FTX founder Sam Bankman-Fried, pictured, of running the company like a 'personal fiefdom'.

FTX collapse leaves up to 80,000 UK crypto traders out of pocket

Up to 80,000 UK cryptocurrency traders are feared to have lost money in the collapse of online exchange FTX. According to US bankruptcy proceedings, around eight percent of the company’s users were based in the UK. A Delaware court yesterday heard the proportion of the million creditors who now owe money to FTX, suggesting that …

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FTX is bankrupt but still paying top dollar to key employees as company tries to fix mistakes made by founder Sam Bankman-Fried

New FTX CEO who was brought in to clean up the corporate wreckage for $1,300 an hour

FTX’s new CEO is being paid $1,300 an hour to clean up the collapsed cryptocurrency firm. John Ray III took over the bankrupt company on November 11 after founder Sam Bankman-Fried resigned after losing billions of dollars. With FTX bankrupt, paying high salaries to top employees appears to be the only way to save the …

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