The crypto exchange’s founder, Sam Bankman-Fried, says the company suffered a $51 billon collapse in collateral, but he thinks filing for Chapter 11 was a mistake.

Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

Source link

You May Also Like

Why Networking Is a Must for Successful Entrepreneurs | Entrepreneur

Opinions expressed by Entrepreneur contributors are their own. Despite its widespread recognition…

Bank of England Pushes Interest Rates Up by a Half Point

The Bank of England raised interest rates by half a percentage point…

Kevin McCarthy’s Business Ties Complicate His Rise to Power

Kevin McCarthy, Inc. Representative Kevin McCarthy, Republican of California, is still working…

Stock Market Today: Most of exchanges closed, trading volume is extremely low

The majority of the stock markets across the globe are closed today. …