Re:FTX to file for U.S. bankruptcy, CEO resigns
by everfree on Friday November 11, 2022 @02:19PM
(#33565389)
> it's not like regulation saved them from being able to become insolvent.
It may have, in a way.
It's too early to tell, but it's possible that FTX's USA-based corporation ("FTX US") is still solvent. I believe it's the Bahamas-based entity that's in bankruptcy - the one that's in an offshore haven not subject to US regulations.
It may have, in a way.
It's too early to tell, but it's possible that FTX's USA-based corporation ("FTX US") is still solvent. I believe it's the Bahamas-based entity that's in bankruptcy - the one that's in an offshore haven not subject to US regulations.