Crypto exchange heading for bankruptcy: FTX is back in the news
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The crypto ecosystem has been rocked by the surprising fall of FTX, the once prominent cryptocurrency exchange. The latest lawsuit against co-founder Sam Bankman-Fried and former executives has shed light on the shocking allegations of massive fraud and questionable transactions that plagued the company. FTX is now seeking to recover millions of dollars in cash and dissolve more than $1.5 billion in potentially questionable transactions. Shedding light on new issues in the FTX crypto exchange’s lawsuit are former executives from Alameda Research One of the key revelations in the lawsuit is the estimate made by Caroline Ellison, former co-executive director