the staff of the Ridgewood blog
Ridgewood NJ, Sam Bankman-Fried’s crypto empire filed for Chapter 11 bankruptcy, capping the rapid downfall of one of crypto’s wealthiest and most influential moguls and his collection of high-flying ventures, including crypto exchanges and a massive trading operation.
The cryptocurrency exchange was once reportedly valued at $32 billion.More than 130 entities tied to FTX.com, FTX US and Hedge Fund Alameda Research were listed in the bankruptcy filings at federal court in Delaware, with the Alameda petition denoting assets and liabilities of at least $10 billion each.
This is the biggest bankruptcy in the US this year, affecting investors and other counter-parties around the world. The Securities and Exchange Commission and the Justice Department are already looking into the matter.
Tell your story #TheRidgewoodblog , #Indpendentnews #information #advertise #guestpost #affiliatemarketing ,#NorthJersey #NJ , #News #localnews #bergencounty #nj #sponsoredpost #SponsoredContent #contentplacement #guestposts #linkplacement Email: Onlyonesmallvoice@gmail.com
A common criminal.