[Scythian]

FTX lawyer calls this case 'a different sort of animal' in first bankruptcy hearing

PUBLISHED TUE, NOV 22 2022 11:54 AM EST
UPDATED 4 HOURS AGO

KEY POINTS
In the first day of the bankruptcy hearing for collapsed crypto exchange FTX, lawyers for the company were able to get the proceedings moved to Delaware.

Lawyers are trying to clean up the mess left behind by FTX founder Sam Bankman-Fried, who resigned on Nov. 11 as the company entered bankruptcy.
"What we are dealing with is a different sort of animal," said FTX counsel James Bromley.

[Scythian]

FTX lawyer calls..

"What we are dealing with is a different sort of animal," said FTX counsel James Bromley.

How come those investors including 2nd biggest investor Temasek, not aware they were financing a Zoo Keeper and feeding his animals?

Is it a Dinosaur?

[sgbuffett]

FTx basically operated without rules and process but in Bahamas.

So how is US authorities going after them.

The company is registered in Bahamas so has nothing to do with US.

[Scythian]

FTC basically operated without rules and process but in Bahamas.

So how is US authorities going after them.

The company is registered in Bahamas so has nothing to do with US.

99.9% Singaporeans don't know where is Bahamas..

Only 0.1% (including Temasek management) knows