DOVER, Del. — The judge presiding over the bankruptcy of cryptocurrency exchange FTX has approved the company’s choice of a law firm representing it in the bankruptcy, despite concerns about potential conflicts of interest.
Judge John Dorsey on Friday granted a motion by FTX for the Sullivan & Cromwell law firm to serve as debtor’s counsel. Dietderich said in a hearing last week that Bankman-Fried instructed FTX co-founder and chief technology officer Gary Wang to create a secret “back door” that allowed Alameda to borrow from customers on the FTX exchange without their permission.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Is FTX Cryptocurrency’s Value up Over 170% in 2023?Lack of interest in FTX and market speculation may be contributing to FTT's rise
Source: Utoday_en - 🏆 295. / 63 Read more »
First Mover Asia: FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21KA good portion of FTX's illiquid tokens can be found on the balance sheet of funds, including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors in projects. TheSamReynolds writes thesamreynolds 2% dip is news? thesamreynolds must be short thesamreynolds Saitama SaitamaWolfPack SaitaPro $Saita SaitamaToken SaitaRealty SAITAMACOMMUNITY SaitamaLLC WeAreSaitama UseSaitaPro SaitaCard 💜👀💜WOLF🐺PACK💜👀💜 WeAreSaitama mannythehitman AaronSaitama Saitamaguru1 thesamreynolds Interesting! Can you tell me more about how FTX works with these funds?
Source: CoinDesk - 🏆 291. / 63 Read more »