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Issue #032 Crypto Y’all Investor Report

Nov 24, 2022

Investor Report

Issue #032

November 17, 2022

Crypto Y'all Investor Report

Eye-Popping Crypto News!

Companies Affected by the FTX Collapse

The saga that is FTX saga had and will continue to have a huge impact on the crypto industry.

There are some companies that were affected more than others and bore the brunt of that impact.

Alameda Gave $1.6B in Loans to FTX CEO and Company Executives

A November 17th FTX bankruptcy court filing reveals Alameda gave $1 billion in personal loans to Sam Bankman-Fried and loans to several other company executives. $1.6B in loans to SBF, others

The new FTX CEO John Ray III described the FTX situation as a "complete failure of corporate controls and such a complete absence of trustworthy financial information."