Post by: newshunter on May 19, 2023, 01:05:08 AM
When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value.
Source: FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy (https://cointelegraph.com/news/ftx-leadership-sues-sam-bankman-fried-over-deal-made-prior-to-bankruptcy)
Would appreciate your opinion about this