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US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices

On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained in the letter that FTX’s collapse was comparable to complex bankruptcy cases like Lehman’s, Washington Mutual Bank’s, and New Century Financial’s. Moreover, while the U.S. Trustee submitted a filing that requested a third-party examiner, former FTX CEO Sam Bankman-Fried has continued to appear in numerous interviews with the media.

SBF Says FTX US Should Never Have Filed for Bankruptcy, Unsure Why Withdrawals Not Enabled

Sam Bankman-Fried is doubling down on his claim that FTX US should never have filed for bankruptcy. 

Galaxy Digital’s Mike Novogratz Says SBF Was Delusional in NYT Interview

Mike Novogratz believes Sam Bankman-Fried sounded delusional in his latest interview with the New York Times. He added that Sam was ‘spewing more lies’ and probably did not act alone.
Galaxy Digital’s Mike Novogratz Says SBF Was Delusional in NYT Interview

Just In: Blackrock CEO Larry Fink Says FTX Failed Due To FTT Token

Asset manager Blackrock is one of the big names associated with investments in bankrupt crypto exchange&nbsp;<a href="https://coingape.com/tag/ftx/">FTX</a>. In a latest, Larry Fink, the chairman and CEO of BlackRock, made some interesting comments on the Sam Bankman-Fried crypto empire collapse. He said Blackrock had a $24 million investment in FTX, which filed for bankruptcy earlier in November. The crypto exchange faced a significant liquidity crunch linked to alleged diversion of user funds to other companies owned by&nbsp;<a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a>.

SBF Reveals What Was Behind FTX’s Reopening of Bahamian Withdrawals

FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users.

SBF Says FTX Could Have a 50% Chance Had Binance’s CEO Not Expressed Concerns

Speaking about the events that lead to FTX’s collapse, SBF expressed that it was a combination of multiple events. He said,

Crypto Fintech Prime Trust Fired Its CEO, SBF Had Sent Political Donations Through the Firm

Crypto fintech Prime Trust’s CEO, Tom Pageler, was fired this week, CoinDesk has learned.

Bankrupt Crypto Lender BlockFi Sues SBF’s Firm Over Robinhood Shares

The Financial Times reported that the troubled cryptocurrency lender BlockFi has filed a lawsuit against Sam Bankman-Fried’s Emergent Fidelity Technologies over Robinhood (HOOD) shares held by the company and pledged to BlockFi as collateral Tuesday.
Bankrupt Crypto Lender BlockFi Sues SBF’s Firm Over Robinhood Shares

Sam Bankman-Fried Gives First-Ever Audio Interview Since FTX Collapse

Following the collapse of the <a href="https://finbold.com/why-is-ftx-token-crashing-ftt-plunges-80-wiping-2-5-billion-from-its-market-cap/" target="_blank">FTX crypto exchange</a>, former CEO Sam Bankman-Fried (SBF) has been interviewed for the first time, where he denies any wrongdoing.&nbsp;

Turkey to Confiscate ‘Suspicious’ Assets Related to FTX: Report

The Financial Crimes Investigation Board of Turkey (MASAK) seeks to seize “suspicious” assets linked to the battered cryptocurrency exchange FTX.&nbsp;