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Further details emerge on FTX bankruptcy and missing funds

Published by
Reuters

By Summer Zhen and Vidya Ranganathan HONG KONG/SINGAPORE (Reuters) – Further details on the bankruptcy of crypto exchange FTX emerged on Saturday, even as peers and partners distanced themselves from the firm and sources told Reuters at least a billion dollars of customer funds on the exchange had vanished. The saga that has shaken the crypto world began with a rumour on Nov. 2 and culminated on Friday with FTX filing for U.S. bankruptcy court protection from creditors and founder Sam Bankman-Fried resigning as chief executive in the industry’s highest-profile collapse. The distressed crypto t…

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