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FTX Recovery Trust Battles Legal Nightmare Across 49 Jurisdictions
FTX Recovery Trust Battles Legal Nightmare Across 49 Jurisdictions
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Another day, another crypto cleanup job hitting roadblocks.
The FTX Recovery Trust—tasked with picking up the pieces of Sam Bankman-Fried's collapsed empire—just ran headfirst into a global legal gauntlet. Turns out untangling a $32 billion disaster isn't as easy as hitting 'undo' on a blockchain.
49 countries. 49 different rulebooks. And exactly zero sympathy from regulators who watched this train wreck unfold in real time.
Meanwhile, lawyers are racking up billable hours faster than Bitcoin's 2021 bull run—because nothing fixes a liquidity crisis like seven-figure legal fees.
Welcome to decentralized finance, where the losses are global but the accountability? That's still stuck in jurisdictional limbo.
The FTX Recovery Trust has taken a decisive step in its ongoing efforts to settle claims tied to the collapsed crypto Read More
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