FTX paid $25m to whistleblowers before bankruptcy https://t.co/J9ovwX2FWa
Fenwick & West lawyers were “directly involved” in FTX’s efforts to blur its relationship with a sister hedge fund before the massive crypto exchange went bust, according to a court approved examiner. https://t.co/OXUfUzk6mZ
Yesterday the independent examiner in the FTX bankruptcy released his report. https://t.co/k1XFAz71iU This was an exciting section of the table of contents... https://t.co/COLKoa9EzB






The FTX examiner report has been released, revealing significant findings about the company's operations and financial dealings. According to the report, FTX Group paid $25 million to settle whistleblowers' claims, which included allegations of market manipulation. Additionally, it was disclosed that key individuals within the company, such as Tabasco, were aware of the financial discrepancies in Alameda's balance sheet as early as 2019 and attempted to keep this information secret. The report also cleared S&C of wrongdoing but raised questions about Fenwick & West's knowledge of the fraud. In a related development, the FTX estate has finalized the sale of its remaining locked $SOL assets, with the final auction clearing and the assets being sold to Pantera Capital and Figure Markets, despite creditors' concerns about the discounts provided to the buyers.