It is expected that the auction for the sale of assets of the cryptocurrency exchange will bring together many potential buyers. According to the latest data, more than 40 candidates have applied for the auction.
Jefferies, based on Wall Street and known for its expertise in financial services, is now exploring the potential of the cryptocurrency market. The company aims to expand its presence in the cryptocurrency business and strengthen its image as a trusted advisor in the field, sources told Crypto News.
Following the collapse of FTX in November 2022, U.S. Attorney’s Office indicted the founder of the exchange, Sam Bankman-Fried, on eight felony charges. Former head of FTX pleads not guilty. Two weeks after prosecutors filed charges, Bankman-Fried was released on $250 million bail.
Previously, FTX interim managers were only able to find $2.7 billion of the $11.6 billion that should have been in client accounts. Part of the shortfall can be attributed to Alameda Research, which borrowed $9.3 billion from customer accounts before the crash.
It was recently revealed that the founders and key employees of the failing FTX received $3.2 billion in payments and loans, mostly from a subsidiary of Alameda Research.
Source: Bits
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