Business
US prosecutors have unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $US40 million ($A60 million) bribe to Chinese officials so they would unfreeze his hedge fund’s accounts.
Business
FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, lawyers for the collapsed crypto exchange have said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets.
Subscribe to InQueensland - It's FREE!
Daily news stories covering politics, business, arts and culture. Your new address for everything that’s happening - InQueensland.
Thank you for subscribing to InQueensland
The collapse of leading crypto exchange FTX has sent shockwaves through the shadowy world of cryptocurrencies, but many observers have been waiting for this boot to fall for quite a while, writes John Hawkins.
