FTX is struggling to account for money that went missing hours after it filed for bankruptcy. Billions of dollars are unaccounted for right now.
last week, and its CEO and founder resigned. Hours later, the trading firm said there had been "unauthorized access" and that funds had disappeared. Analysts say hundreds of millions of dollars may have vanished.
FTX and dozens of affiliated companies — including CEO Sam Bankman-Fried's hedge fund, Alameda Research — filed the bankruptcy petition in Delaware on Friday. A debate formed on social media about whether the exchange was hacked or a company insider had stolen funds — a possibility that cryptocurrency analysts couldn’t rule out.
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