At Least 20,000 Australians Trying to Claw Back FTX Losses

The Australian Financial Review2022-11-14

The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...

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href=https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...</p>\n\n<a href=\"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl\">Source 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deposit funds or execute any trades.While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.This is more than many customers of the FTX Trading, the global businesses, might expect.Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9969208819,"gmtCreate":1668443498831,"gmtModify":1676538057544,"author":{"id":"3586907191866715","authorId":"3586907191866715","name":"SmartHunter","avatar":"https://static.tigerbbs.com/69402f0b380884d842e640f724fb7467","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1,"idStr":"3586907191866715","authorIdStr":"3586907191866715"},"htmlText":"Amazing.&nbsp;","listText":"Amazing.&nbsp;","text":"Amazing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969208819","repostId":2283047837,"repostType":4,"repost":{"id":"2283047837","kind":"highlight","pubTimestamp":1668424238,"share":"https://ttm.financial/m/news/2283047837?lang=&edition=fundamental","pubTime":"2022-11-14 19:10","market":"fut","language":"en","title":"At Least 20,000 Australians Trying to Claw Back FTX Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2283047837","media":"The Australian Financial Review","summary":"The local administrators picking through the carnage left behind by the collapse of global bitcoin e","content":"<html><head></head><body><p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.</p><p>KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.</p><p><img src=\"https://static.tigerbbs.com/5f441f9cd6d6db4132bf37e1fd0b2e5f\" tg-width=\"620\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FTX Australia might be able to claw back customer losses.   </p><p>FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.</p><p>Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.</p><p>Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.</p><p>While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.</p><p>“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”</p><p>While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.</p><p>This is more than many customers of the FTX Trading, the global businesses, might expect.</p><p>Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.</p><p>Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.</p><p>Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.</p><p>These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.</p><p>When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.</p><p>Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.</p><p>More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>At Least 20,000 Australians Trying to Claw Back FTX Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAt Least 20,000 Australians Trying to Claw Back FTX Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-14 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...</p>\n\n<a href=\"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283047837","content_text":"The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.FTX Australia might be able to claw back customer losses.   FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.This is more than many customers of the FTX Trading, the global businesses, might expect.Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9969629886,"gmtCreate":1668434286746,"gmtModify":1676538055940,"author":{"id":"3584779133668268","authorId":"3584779133668268","name":"NPC69","avatar":"https://static.tigerbbs.com/47e7ac55312ae8dd1c9e7cb92adad089","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3584779133668268","authorIdStr":"3584779133668268"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9969629886","repostId":2283047837,"repostType":4,"repost":{"id":"2283047837","kind":"highlight","pubTimestamp":1668424238,"share":"https://ttm.financial/m/news/2283047837?lang=&edition=fundamental","pubTime":"2022-11-14 19:10","market":"fut","language":"en","title":"At Least 20,000 Australians Trying to Claw Back FTX Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2283047837","media":"The Australian Financial Review","summary":"The local administrators picking through the carnage left behind by the collapse of global bitcoin e","content":"<html><head></head><body><p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.</p><p>KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.</p><p><img src=\"https://static.tigerbbs.com/5f441f9cd6d6db4132bf37e1fd0b2e5f\" tg-width=\"620\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FTX Australia might be able to claw back customer losses.   </p><p>FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.</p><p>Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.</p><p>Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.</p><p>While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.</p><p>“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”</p><p>While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.</p><p>This is more than many customers of the FTX Trading, the global businesses, might expect.</p><p>Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.</p><p>Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.</p><p>Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.</p><p>These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.</p><p>When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.</p><p>Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.</p><p>More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>At Least 20,000 Australians Trying to Claw Back FTX Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAt Least 20,000 Australians Trying to Claw Back FTX Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-14 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...</p>\n\n<a href=\"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283047837","content_text":"The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.FTX Australia might be able to claw back customer losses.   FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.This is more than many customers of the FTX Trading, the global businesses, might expect.Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104801655,"gmtCreate":1668445901350,"gmtModify":1668445914101,"authorId":3583815945401793,"author":{"id":3583815945401793,"idStr":"3583815945401793","authorId":3583815945401793,"name":"FOMOking","avatar":"https://static.tigerbbs.com/89d4b7be9284f91250140e45f2d4d148","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9969629886,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">ok</span>","text":"<span class=\"s1\">ok</span>","html":"<span class=\"s1\">ok</span>"}],"langContent":"EN"},{"id":9969667072,"gmtCreate":1668433968097,"gmtModify":1676538055836,"author":{"id":"3581501341719005","authorId":"3581501341719005","name":"KYBoo","avatar":"https://static.tigerbbs.com/43072e3bdf1be8a6c0fb9e0d7c8a0558","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581501341719005","authorIdStr":"3581501341719005"},"htmlText":"Hhi","listText":"Hhi","text":"Hhi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9969667072","repostId":2283047837,"repostType":4,"repost":{"id":"2283047837","kind":"highlight","pubTimestamp":1668424238,"share":"https://ttm.financial/m/news/2283047837?lang=&edition=fundamental","pubTime":"2022-11-14 19:10","market":"fut","language":"en","title":"At Least 20,000 Australians Trying to Claw Back FTX Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2283047837","media":"The Australian Financial Review","summary":"The local administrators picking through the carnage left behind by the collapse of global bitcoin e","content":"<html><head></head><body><p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.</p><p>KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.</p><p><img src=\"https://static.tigerbbs.com/5f441f9cd6d6db4132bf37e1fd0b2e5f\" tg-width=\"620\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FTX Australia might be able to claw back customer losses.   </p><p>FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.</p><p>Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.</p><p>Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.</p><p>While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.</p><p>“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”</p><p>While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.</p><p>This is more than many customers of the FTX Trading, the global businesses, might expect.</p><p>Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.</p><p>Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.</p><p>Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.</p><p>These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.</p><p>When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.</p><p>Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.</p><p>More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>At Least 20,000 Australians Trying to Claw Back FTX Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAt Least 20,000 Australians Trying to Claw Back FTX Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-14 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...</p>\n\n<a href=\"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283047837","content_text":"The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.FTX Australia might be able to claw back customer losses.   FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.This is more than many customers of the FTX Trading, the global businesses, might expect.Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104799691,"gmtCreate":1668433977418,"gmtModify":1668433993145,"authorId":3581501341719005,"author":{"id":3581501341719005,"idStr":"3581501341719005","authorId":3581501341719005,"name":"KYBoo","avatar":"https://static.tigerbbs.com/43072e3bdf1be8a6c0fb9e0d7c8a0558","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9969667072,"type":1,"supId":0,"prevId":0,"content":"<u>ggh</u>","text":"<u>ggh</u>","html":"<u>ggh</u>"}],"langContent":"EN"},{"id":9969689919,"gmtCreate":1668429958132,"gmtModify":1676538055074,"author":{"id":"3573616695330925","authorId":"3573616695330925","name":"WJ77","avatar":"https://static.tigerbbs.com/56bf6bd5b462948ac1028ecaabdba952","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3573616695330925","authorIdStr":"3573616695330925"},"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969689919","repostId":2283047837,"repostType":4,"repost":{"id":"2283047837","kind":"highlight","pubTimestamp":1668424238,"share":"https://ttm.financial/m/news/2283047837?lang=&edition=fundamental","pubTime":"2022-11-14 19:10","market":"fut","language":"en","title":"At Least 20,000 Australians Trying to Claw Back FTX Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2283047837","media":"The Australian Financial Review","summary":"The local administrators picking through the carnage left behind by the collapse of global bitcoin e","content":"<html><head></head><body><p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.</p><p>KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.</p><p><img src=\"https://static.tigerbbs.com/5f441f9cd6d6db4132bf37e1fd0b2e5f\" tg-width=\"620\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FTX Australia might be able to claw back customer losses.   </p><p>FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.</p><p>Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.</p><p>Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.</p><p>While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.</p><p>“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”</p><p>While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.</p><p>This is more than many customers of the FTX Trading, the global businesses, might expect.</p><p>Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.</p><p>Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.</p><p>Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.</p><p>These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.</p><p>When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.</p><p>Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.</p><p>More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>At Least 20,000 Australians Trying to Claw Back FTX Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAt Least 20,000 Australians Trying to Claw Back FTX Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-14 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...</p>\n\n<a href=\"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283047837","content_text":"The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.FTX Australia might be able to claw back customer losses.   FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.This is more than many customers of the FTX Trading, the global businesses, might expect.Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9969615967,"gmtCreate":1668429040360,"gmtModify":1676538054962,"author":{"id":"3562994844328312","authorId":"3562994844328312","name":"Ginmihz","avatar":"https://static.tigerbbs.com/ab1926af0135809944ce1812f4621c05","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3562994844328312","authorIdStr":"3562994844328312"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9969615967","repostId":2283047837,"repostType":4,"repost":{"id":"2283047837","kind":"highlight","pubTimestamp":1668424238,"share":"https://ttm.financial/m/news/2283047837?lang=&edition=fundamental","pubTime":"2022-11-14 19:10","market":"fut","language":"en","title":"At Least 20,000 Australians Trying to Claw Back FTX Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2283047837","media":"The Australian Financial Review","summary":"The local administrators picking through the carnage left behind by the collapse of global bitcoin e","content":"<html><head></head><body><p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.</p><p>KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.</p><p><img src=\"https://static.tigerbbs.com/5f441f9cd6d6db4132bf37e1fd0b2e5f\" tg-width=\"620\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FTX Australia might be able to claw back customer losses.   </p><p>FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.</p><p>Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.</p><p>Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.</p><p>While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.</p><p>“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”</p><p>While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.</p><p>This is more than many customers of the FTX Trading, the global businesses, might expect.</p><p>Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.</p><p>Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.</p><p>Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.</p><p>These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.</p><p>When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.</p><p>Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.</p><p>More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>At Least 20,000 Australians Trying to Claw Back FTX Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAt Least 20,000 Australians Trying to Claw Back FTX Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-14 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...</p>\n\n<a href=\"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283047837","content_text":"The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.FTX Australia might be able to claw back customer losses.   FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.This is more than many customers of the FTX Trading, the global businesses, might expect.Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104799233,"gmtCreate":1668431569325,"gmtModify":1668431582525,"authorId":3571815908504020,"author":{"id":3571815908504020,"idStr":"3571815908504020","authorId":3571815908504020,"name":"AndrewL","avatar":"https://static.tigerbbs.com/f45655eaaab14f0b61c554eea4d95ca7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9969615967,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9969635496,"gmtCreate":1668425923315,"gmtModify":1676538054620,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969635496","repostId":2283047837,"repostType":4,"repost":{"id":"2283047837","kind":"highlight","pubTimestamp":1668424238,"share":"https://ttm.financial/m/news/2283047837?lang=&edition=fundamental","pubTime":"2022-11-14 19:10","market":"fut","language":"en","title":"At Least 20,000 Australians Trying to Claw Back FTX Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2283047837","media":"The Australian Financial Review","summary":"The local administrators picking through the carnage left behind by the collapse of global bitcoin e","content":"<html><head></head><body><p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.</p><p>KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.</p><p><img src=\"https://static.tigerbbs.com/5f441f9cd6d6db4132bf37e1fd0b2e5f\" tg-width=\"620\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FTX Australia might be able to claw back customer losses.   </p><p>FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.</p><p>Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.</p><p>Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.</p><p>While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.</p><p>“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”</p><p>While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.</p><p>This is more than many customers of the FTX Trading, the global businesses, might expect.</p><p>Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.</p><p>Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.</p><p>Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.</p><p>These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.</p><p>When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.</p><p>Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.</p><p>More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>At Least 20,000 Australians Trying to Claw Back FTX Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAt Least 20,000 Australians Trying to Claw Back FTX Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-14 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and ...</p>\n\n<a href=\"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.afr.com/technology/at-least-20-000-australians-trying-to-claw-back-ftx-losses-20221113-p5bxwl","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2283047837","content_text":"The local administrators picking through the carnage left behind by the collapse of global bitcoin exchange FTX have identified 20,000 Australian investors who are looking to recoup losses, and believe they will be able to salvage fiat currency from the rubble.KordaMentha administrators expect to claw back Australian and US dollars from the complex web of FTX international accounts, working with their US-counterparts who are untangling the books of 132 companies related to Sam Bankman-Fried’s collapsed empire.FTX Australia might be able to claw back customer losses.   FTX Australia and its wholly owned subsidiary FTX Express were launched in March this year, and received an Australian Financial Services License after acquiring a local business called IFS Markets.Australian investors who signed up to trade derivatives and other financial products were routed through FTX Australia, while those who traded crypto-to-crypto were routed through the Bahamas-based FTX Trading business.Local creditors are expected to meet on Wednesday next week and are advised not to deposit funds or execute any trades.While Mr Bankman-Fried and his co-founders are understood to be under police supervision in the Bahamas, the Australian FTX employees have been co-operating with the administrators.“To date, FTX Express and FTX Australia has been completely transparent, collaborative and co-operative,” said Scott Langdon, an administrator at KordaMentha. “Our review of the companies is ongoing, and we will continue to provide customers with updates.”While the jurisdictions around digital assets remain fluid, KordaMentha expects to be able to claw back the fiat currencies connected with FTX Australia customers.This is more than many customers of the FTX Trading, the global businesses, might expect.Last week, FTX trading accounts were frozen as Mr Bankman-Fried and his team tried to stop an $US8 billion ($12 billion) bank run.Revelations that Mr Bankman-Fried had developed a method of pulling money from FTX without alerting its internal account managers, and transferring it his quantitative trading business Alameda, shocked crypto markets.Investors discovered that assets between Alameda and FTX were blended through the issuance of FTX’s underlying token FTT.These revelations sparked a widespread selloff in FTT and withdrawal of assets from the FTX exchange.When a possible takeover deal from fellow crypto exchange giant Binance fell through, FTX’s underlying FTT token fell to almost nothing, wiping out much of FTX’s inherent business value.Customers were unable to withdraw their balances. And over the weekend, they watched their accounts re-rate to $0 as somebody with access to the internal private keys of the FTX exchange drained the accounts.More than $US600 million was taken throughout this “hack” and Mr Bankman-Fried placed the business in administration over the weekend and resigned as chief executive officer.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":104,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2283047837"}