Cryptocurrency Q&A
Where did FTX money go?
Where did FTX money go?
Chiara
Tue May 07 2024
|
7 answers
1677
I'm an investor in FTX, and I'm deeply concerned about the recent collapse of the company. I've heard rumors that billions of dollars have gone missing, but I can't find any official explanation. Can you, as a professional in the field, shed some light on where the money might have gone? Was it mismanaged, or was it possibly stolen? And what does this mean for the future of cryptocurrency and finance in general? I'm really hoping you can provide some clarity on this matter.
7 answers
Stefano
Thu May 09 2024
The disappearance of these funds has become a central focus of Bankman-Fried's criminal trial.
Was this helpful?
107
60
BitcoinBaroness
Thu May 09 2024
The trial began this week in a federal court in Manhattan, where the allegations are being heard.
Was this helpful?
165
81
BusanBeautyBloom
Thu May 09 2024
The case against Bankman-Fried centers on the question of whether he and his team improperly used customer funds for personal gain.
Was this helpful?
337
90
henry_harrison_philosopher
Thu May 09 2024
The founder of FTX, Sam Bankman-Fried, and his senior staff allegedly misappropriated customer funds for various expenditures.
Was this helpful?
387
73
CryptoMaven
Thu May 09 2024
If found guilty, Bankman-Fried could face significant legal consequences.
Was this helpful?
266
21
Load 5 more related questions
