FTX Group Has $1.24 Billion in Cash on Hand According to Their Bankruptcy Filing
As of November 21st, FTX Group ($FTX) has $1.24B in cash on hand left after the fallen crypto exchange filed for bankruptcy and their “superstar” CEO Sam Bankman-Fried fled to the Bahamas in an attempt to evade authorities.
FTX’s new management is expected to appear in the Delaware Bankruptcy Court later Tuesday to recount the events that led up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets.
Sam Bankman Fried is now facing extradition to the United States via the FBI for trial and questioning.
The guy who dissolved Enron says he’s never seen anything so bad!
Attorney John J. Ray III, former US Treasury, who oversaw the dismantling of Enron after its massive fraud, and who is currently registered for insider trading according to a recent SEC report, has taken over as FTX CEO to try and set everything out in the bankruptcy process. In a filing in Delaware on November 17, Ray stated that “never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
“From compromised systems integrity & faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” Ray noted.
We will start to really see the fallout once FTX’s business transfers and crypto transactions are forensically audited which will bring it’s celebrity elitists investors, President Zelensky and their connection to the funding of Nazification of Ukraine to the forefront. The corruption here is on another level. What has transpired so far is only just the beginning.
We will discuss the specific corruption that took place on Black-Ball’s next substack article about $FTX & it’s relationship with Ukraine & President Zelensky.
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"The Bankman-Fried extended family is the quintessence of Woke aristocracy. Dad Joe Bankman and mom Barbara Fried are both law professors at Stanford. She also acted as a money-bundler for the Democratic Party and ran two non-profit “voter registration” orgs (against the IRS laws which only permit non-partisan organized voter registration).
Brother Gabe Bankman-Fried headed a non-profit named Guarding Against Pandemics (funded by Sam), which lobbies Congress to construct new platforms for medical tyranny. Aunt Linda Fried is Dean of Columbia U’s Public Health school, and is associated with Johns Hopkins, which ran the October 2019 Event 201 pandemic drill (sponsored by the Gates Foundation) months before the Covid-19 outbreak.
Sam’s girlfriend, Caroline Ellison, ran the Alameda Investments arm of the FTX empire (that is, FTX’s own money laundromat). Her dad, Glenn Ellison, is chair of MIT’s Econ School. His former colleague on the MIT Econ faculty, Gary Gensler, who specialized in blockchains there, is now head of the Securities and Exchange Commission, an agency that Sam Bankman-Fried was attempting to rope into a regulation scheme to eliminate FTX’s crypto-currency competitors"