FTX was run as ‘personal fiefdom’ of Sam Bankman-Fried, court hears

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Hearing in Delaware bankruptcy court is the first since the cryptocurrency exchange declared bankruptcy earlier this monthBankrupt cryptocurrency exchange FTX was run as the “personal fiefdom” of founder Sam Bankman-Fried, with one of the company’s units spending $300m on real estate in the Bahamas for the use of its executives, a court heard on Tuesday.The hearing in Delaware’s bankruptcy court is the first since FTX declared insolvency earlier this month. Continue reading... ...

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