(Bloomberg) -- The collapse of Sam Bankman-Fried’s crypto empire has been swift and chaotic, leaving a group of bankruptcy experts to sift through the rubble. Tuesday’s first-day motions hearing in Delaware bankruptcy court marked a key moment in the public reckoning.
An attorney representing the firm told the court that a “substantial amount” of FTX Group’s assets “have either been stolen or are missing.”
Company advisers are in constant communication with the Justice Department and the Southern District of New York’s cyber-crimes unit, which has opened a criminal investigation related to FTX.
The US House and Senate have requested that new FTX CEO John J. Ray III testify at some point in December.....more below
https://au.finance.yahoo.com/news/ftx-latest-genesis-bankruptcy-warning-231302890.html
