Cryptocurrencies, Ftx collapse: there could be over a million creditors involved


The US Congress has requested a hearing of San bankman-Fried, the founder of FTX and former CEO. The effects of the assisted bankruptcy of the digital currency trading platform are being felt on rivals Genesis and Gemini, the company founded by the twins Cameron and Tyler Winklevoss

More than a million creditors may have been involved in the collapse of FTX, with a projected loss of $30 billion. The cryptocurrency platform went bust and triggered an earthquake in the industry. This is what emerges from the documentation presented to the US bankruptcy court by the company, which outlines a “serious liquidity crisis”. FTX said it is in contact with financial regulators and has appointed five new independent directors. When it filed for receivership last week, FTX listed 100,000 creditors.

US Congress calls for hearing of San Bankman-Fried

The effects of the assisted bankruptcy of the digital currency trading platform are being felt on rivals Genesis and Gemini, the company founded by the twins Cameron and Tyler Winklevoss. And they’re pushing Congress to call for a hearing on FTX founder and former CEO San bankman-Fried. “Ftx’s meltdown has embarrassed more than a million customers, many of them ordinary people who had invested their savings on the crypto platform. Unfortunately the case of Ftx is just one of many examples of crypto platforms that have collapsed in the senior year,” says the chair of the House Financial Services Committee.



Source-tg24.sky.it