Crypto Hedge Fund Galois Capital Forced to Shut Down as FTX’s Collapse Takes $40M Bite

FTX Fallout Claims Another Victim As Hedge Fund Collapses

Source:blockchainreporter.net

#crypto2023 #ftxcollapse #ftx #Altcoin

During the first few months of its bankruptcy proceedings, FTX and its linked entities racked up more than $20 million in legal and consulting fees.
#ftx #crypto2023 #scams

According to FTX's new management, client funds were fraudulently used to pay $3.3 million for the property in April 2022.#crypto2023 #ftx #onecoinmultiplechains

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The value of FTX’s controversial FTT token increased by more than 33% after the newly appointed chief executive officer of the insolvent company, John J. Ray III, stated that he is investigating the prospect of relaunching the crypto exchange.
#ftx #FTX

Fallen FTX mogul Sam Bankman-Fried brought up his vegan diet and apparent ADD diagnosis as he begged a Bahamas judge to let him out of jail on Tuesday — with his attorney proposing a $250,000 cash bail to no avail, according to reports. #sbf #ftx #ceo #bail #rejected

US prosecutors have confirmed charges on Sam Bankman-Fried.

The criminal charges against Mr. Bankman-Fried included:

wire fraud
wire fraud conspiracy
securities fraud
securities fraud conspiracy
and money laundering

#Binance #sbf #ftx #ftxcollapse #nfa

FTX creditor list shows airlines, charities and tech firms caught in collapse

Notable crypto and Web3-related companies owed money by FTX include Coinbase, Galaxy Digital, Yuga Labs, Circle, Bittrex, Sky Mavis, Chainalysis, Messari .

#crypto2023 #bearorbull #ftx #cryptonews

Anyone?
#cryptomeme #Meme #NFT #ftx

🚨Crypto hedge fund Galois shuts down after losing $40 million to FTX

▫️Galois Capital co-founder Kevin Zhou told his investors that it would take a few years to recover “some percentage” of the funds.

#ftx #crypto2023 #dyor

Sam Bankman-Fried (SBF), the former CEO of the now-collapsed FTX crypto exchange, has said that he hopes to start a new business to generate funds to pay back victims of the company’s collapse. #Binance #sbf #ftx #comebck #dyor

FTX suddenly recovered $5 billion in highly liquid assets, including cash and crypto, according to the exchange’s bankruptcy attorney.

#crypto2023 #Binance #dyor #ftx #bitcoin

Crypto Hedge Fund Galois Shuts Down After Losing $40 Million to FTX: FT

#news #ftx

Jordan Belfort, aka the Wolf of Wall Street, expects bitcoin and ethereum to be “a lot higher” than they are now. Noting that the collapsed crypto exchange FTX is a scam. #Binance #jordanbelfort #btc #eth #ftx

Indian crypto exchange Giottus has estimated that the FTX collapse fall has impacted nearly 5 Lakh Indians.

“The FTX crash has hit many people. We estimate that 3-5 Lakh Indians would have had exposure to the exchange and its token FTT.
#Binance #ftx #collapse #indian #investor

Bankrupt #Crypto Companies 2022-2023:

• Three Arrows Capital
• Celsius Network #celsius
• Terraform Labs
• Voyager Digital
• Core Scientific
• Babel Finance
• Hodlnaut
• Genesis #genesis
• Blockfi
• Zipmex
• Ftx #ftx

CNBC reported that US Federal Prosecutors have seized nearly $700 million in assets belonging to FTX co-founder Sam Bankman-Fried.The information arrives from court documents filed on Friday, showing a seizure of over $697 million in cash and other assets.
#crypto2023 #ftx #dyor

Voyager will hold onto $445m of loan payments disputed with Alameda until a final court decision.

#Binance #BTC #BNB #zero2hero #ftx

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Bankman-Fried Family Subpoenas Opposed by US Government in FTX Filing
Planned demands for information on the crypto exchange’s dealings would duplicate the work of the independent examiner who has yet to be appointed, the US Trustee said.
#ftx #dyor #sbf

New FTX CEO John Ray was paid $690,000 for his first weeks on the job.


#Binance #ftx #dyor #ETH #BNB

Many members of Congress with the biggest influence over coming U.S. cryptocurrency legislation received direct contributions from top executives of FTX, leaving them with a complicated political relationship with the crypto industry.
#crypto2023 #ftx