FTX pursues $99 million from jailed former executive

Quick Summary:

FTX claims that Ryan Salame misappropriated $98.8 million from the exchange just before its collapse, despite knowing it was comingled with customer funds.

The post FTX pursues $99 million from jailed former executive appeared first on CoinGeek.

It then rebranded to FTX EU to serve European investors, but eight months later, the global exchange collapsed, and FTX EU was listed as one of the several firms in bankruptcy proceedings.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaBahamasCyprusHong KongIndiaPortugalUnited States

Topics: Cyprus Securities and Exchange Commission FTX Business Ryan Salame Crypto Crime Cartel Sam Bankman-Fried

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 14:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 981 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23517399

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