Share this article
FTX Bankruptcy Managers Hire Forensic Investigators AlixPartners: WSJ
The team, led by former SEC accountant Matt Jacques, is tasked with tracking the billions of dollars missing from FTX.
By Ian Allison
Updated May 9, 2023, 4:04 a.m. Published Dec 8, 2022, 3:23 p.m.
Make us preferred on Google
The new management at bankrupt cryptocurrency exchange FTX has hired forensic investigators from consultancy AlixPartners to trace billions of dollars that have gone missing, the Wall Street Journal reported.
The AlixPartners team will be led by Matt Jacques, a former chief accountant for the Securities and Exchange Commission's enforcement division, the Journal reported Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
John Ray III, a restructuring expert who oversaw the Enron Corp. bankruptcy, took over as CEO when FTX filed for bankruptcy protection last month. Jacques’ team is tasked with tracking the funds that went missing from FTX as the firm cratered amid a liquidity freeze.
AlixPartners was hired by the U.S. Securities Investor Protection Corp. to help recover funds stolen in the Bernie Madoff case, the investigative firm’s website states.
AlixPartners declined to comment. FTX didn't immediately respond to requests for comment.
More For You
More For You
Kraken continues acquisition streak by buying token management firm Magna ahead of IPO push
The deal adds token lifecycle infrastructure to Kraken’s growing product suite.
What to know:
- Payward, Kraken’s parent company, has acquired token operations firm Magna.
- Magna is used by crypto teams to manage token vesting, claims and distributions. It serves 160 clients and had a peak total value locked of $60 billion on its platform last year.
- Kraken has made a string of acquisitions to expand and raised $800 million last year at a $20 billion valuation.
Top Stories
