FTX Says Much of Its Crypto Is Gone

Revealing that a “substantial amount” of the collapsed crypto exchange’s assets are either missing or stolen, attorney for new management James Bromley also described FTX as the “personal fiefdom” of co-founder and former CEO Sam Bankman-Fried during the first U.S. bankruptcy court hearing on the matter on Tuesday. Marco Olivera and Ash Bennington welcome Mike Alfred, a value investor and the managing partner at Alpine Fox, and Sam Kessler, a reporter for CoinDesk, to talk about the latest developments in the FTX saga as well as CZ’s Coinbase tweet, Grayscale’s reserve problems, and Genesis’s unwinding fate for the final Crypto Daily Briefing of the week.
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Revealing that a “substantial amount” of the collapsed crypto exchange’s assets are either missing or stolen, attorney for new management James Bromley also described FTX as the “personal fiefdom” of co-founder and former CEO Sam Bankman-Fried during the first U.S. bankruptcy court hearing on the matter on Tuesday. Marco Olivera and Ash Bennington welcome Mike Alfred, a value investor and the managing partner at Alpine Fox, and Sam Kessler, a reporter for CoinDesk, to talk about the latest developments in the FTX saga as well as CZ’s Coinbase tweet, Grayscale’s reserve problems, and Genesis’s unwinding fate for the final Crypto Daily Briefing of the week.

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