The bankruptcy of the FTX proves to be cheap

According to Bloomberg’s report, the ongoing bankruptcy work of the collapsed cryptocurrency exchange / pseudo Ponzi scheme ftx The lawyer rates about $ 1 billion in the rights, and companies continue to climb this figure because Sam Bankman-Fried’s confusion and creditors are trying to make a whole.

Per case of HusbandbergFTX 948 million dollars in the bankrupt case was 948 million dollars, 952 million dollars were purchased by justice. This figure ftx is bankrupt in history of one of the most expensive chapters. Investment bank that causes the bankruptcy of Lehman Brothers in the center of the subprime mortgage crisis resulting in a strong financial disaster Price $ 6 billionand nortel networks, launched in 2009 and a telecommunications company Significant damage to the Canadian economythis More than $ 2 billion.

Costs continue to climb in the FX case, creditors waiting to return their money may not be much. The report shows that the report expects to be FTX $ 16.3 billion has been left Once when selling their assets. About $ 11 billion is obliged to customers and creditors, that is, there should be enough to make them intact. FTX has customers 118% are expected to return Things in accounts (government regulators continue to harden with the company’s shareholders). Who is the crypto saying a bad investment? See these returns!

The bankruptcy of the FTX proved to be expensive in a large part, because the company was definitely confusion. Despite the use of Google Documents, Slack and Excel to manage the bankman-fried and company assets and liabilities of $ 32 billion, and use the company’s assets and liabilities, per court rules. The company has a member of QuickBooks for accounting for small businesses and international currency exchange 80,000 operations in its accountkept in a folder called “Ask my accountant.” Bankruptcy Specialist John Ray III, who was instructed by control of bankruptcy, gossip Never “so the complete failure of corporate control and such a complete lack of financial information” and did not see this man Canceled Enron.

Given all this, it is only a miracle that all the customers who are not able to analyze all the books of FTX, but are indeed in a whole. Although lawyers are dealing with all this, bankman-fried He returned to his Twitter account Another day to offer their views on inefficiency in large organizations. Do you think that you think they have to pay Sam to SAM to guarantee no tweet again?