{"id":13891,"date":"2024-03-27T13:38:24","date_gmt":"2024-03-27T12:38:24","guid":{"rendered":"http:\/\/costops.com\/index.php\/2024\/03\/27\/old-fashioned-embezzlement-where-did-all-of-ftxs-money-go\/"},"modified":"2024-03-27T13:38:24","modified_gmt":"2024-03-27T12:38:24","slug":"old-fashioned-embezzlement-where-did-all-of-ftxs-money-go","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/03\/27\/old-fashioned-embezzlement-where-did-all-of-ftxs-money-go\/","title":{"rendered":"\u2018Old-fashioned embezzlement\u2019: where did all of FTX\u2019s money go?"},"content":{"rendered":"<p>Sam Bankman-Fried oversaw its collapse \u2013 now the crypto firm is in bankruptcy proceedings as contentious as his fraud trial<\/p>\n<p>Sam Bankman-Fried, former CEO of the bankrupt cryptocurrency exchange <a href=\"https:\/\/www.theguardian.com\/business\/ftx\">FTX<\/a>, presided over a spectacular collapse that cost his customers billions of dollars. He argues in court filings that anyone owed money by FTX \u201cwill eventually be paid in full\u201d. The US government says he\u2019s living in a fantasy land.<\/p>\n<p>Last week, FTX\u2019s caretaker, John Ray III, appointed to oversee the company\u2019s bankruptcy proceedings, reminded the court that Bankman-Fried had masterminded a \u201ccolossal fraud\u201d, lived a \u201clife of delusion\u201d, and called Bankman-Fried\u2019s lawyers\u2019 claim that no one had been harmed as \u201ccategorically, callously, and demonstrably false\u201d.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/27\/where-did-ftx-money-go\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/8f91e285ad7c4430b4ef038ebd4bf9db05075802\/0_0_3576_2145\/master\/3576.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=6f8afcd20c0e0ae3528acd635a12371b\" title=\"\u2018Old-fashioned embezzlement\u2019: where did all of FTX\u2019s money go?\" \/>Sam Bankman-Fried oversaw its collapse \u2013 now the crypto firm is in bankruptcy proceedings as contentious as his fraud trial<br \/>\nSam Bankman-Fried, former CEO of the bankrupt cryptocurrency exchange FTX, presided over a spectacular collapse that cost his customers billions of dollars. He argues in court filings that anyone owed money by FTX \u201cwill eventually be paid in full\u201d. The US government says he\u2019s living in a fantasy land.<br \/>\nLast week, FTX\u2019s caretaker, John Ray III, appointed to oversee the company\u2019s bankruptcy proceedings, reminded the court that Bankman-Fried had masterminded a \u201ccolossal fraud\u201d, lived a \u201clife of delusion\u201d, and called Bankman-Fried\u2019s lawyers\u2019 claim that no one had been harmed as \u201ccategorically, callously, and demonstrably false\u201d. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Bankman-Fried oversaw its collapse \u2013 now the crypto firm is in bankruptcy proceedings as contentious as his fraud trial Sam Bankman-Fried, former CEO of the bankrupt cryptocurrency exchange FTX, presided over a spectacular collapse that cost his customers billions of dollars. He argues in court filings that anyone owed money by FTX \u201cwill eventually &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/03\/27\/old-fashioned-embezzlement-where-did-all-of-ftxs-money-go\/\"> <span class=\"screen-reader-text\">\u2018Old-fashioned embezzlement\u2019: where did all of FTX\u2019s money go?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":13892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13891"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=13891"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/13892"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=13891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=13891"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=13891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}