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Why crypto firm FTX went bankrupt - The Business - ABC News
A number of cryptocurrency companies filed for bankruptcy in , leading to the freezing of investors' assets. These bankruptcies prompted cryptocurrency. In a recent court filing, bankrupt crypto lender Genesis has sought permission to liquidate approximately $ billion of trust assets. Digital Currency Group is opposing Genesis' proposed liquidation plan, arguing it would give some creditors an unfair windfall in Chapter

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FTX Cryptocurrency Exchange. Ray III, an American executive who led energy trading firm Enron through bankruptcy proceedings after an accounting scandal fabricating corporate earnings was discovered. To contact the reporter on this story: Steven Church in Wilmington, Delaware at schurch3 bloomberg. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.