The bankruptcy administrator of FTX is accused of misusing funds to pay for luxury hotels and travel expenses, creditors have filed a lawsuit
The bankruptcy administrator of FTX is being sued by creditor Lidia Favario for extravagant expenses. Favario pointed out that the bankruptcy administrator's spending during the handling of FTX's bankruptcy proceedings was too luxurious, including high-end hotel accommodations and excessive transportation costs. She mentioned that A&M professionals spent $971.74 for one night in a luxury hotel in New York, and one professional spent $1,733 on taxi fares.
In addition, FTX also paid $2,683 to have three taxis wait for CEO John Ray's testimony. Favario called on the court to expand its review of expenses to ensure they meet the Department of Justice's reasonable expense standards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock IBIT Continues 9 Days of Inflows, Increases BTC Holdings by $1.6 Billion
Data: Circulation of USDC increased by approximately 12 billion in the past 7 days
The net inflow of spot Ethereum ETFs in the United States was $1.0456 yesterday
Semler Scientific Increases Bitcoin Holdings by $10 Million, Total Holdings Reach 3,303 BTC
Trending news
MoreCrypto prices
More








