As the bankruptcy proceedings for cryptocurrency exchange FTX begin, sources report an important shortfall in assets.
Investigators suspect unethical or even illegal connections between FTX and Alameda, as we previously reported.
To date, disclosures show FTX owed $3.1 billion to its 50 largest creditors. So far, those creditors have remained anonymous.
the asset run and an unrecorded $300 million purchase of real estate in the Bahamas, where FTX is legally located.
Alameda Research, where he was also CEO. Ray, who oversaw the Enron investigation, stated that he had never seen “such a failure of corporate control.”