The hunt for FTX’s missing riches
Bankruptcy courts are not built for Sam Bankman-Fried’s mess
On January 5th Sam Bankman-Fried turned up at the funeral of his own crypto empire. He lodged a complaint against ftx’s bankruptcy proceedings, demanding $500m in frozen assets earmarked for creditors. Mr Bankman-Fried wants the money in order to pay legal fees for his criminal trial, in which he is accused of sucking billions of dollars of customer deposits from the crypto exchange for his own use (he has pleaded not guilty).
This article appeared in the Finance & economics section of the print edition under the headline “Hunting for crypto riches”
Finance & economics January 14th 2023
From the January 14th 2023 edition
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