Now-Defunct FTX Drawn to Hong Kong’s Crypto-Friendly Regulations
Ill-fated crypto firms chose HK out of difficulty of maintaining relationships with US banks
By: Toh Han Shih
The journey of FTX in and out of Hong Kong was driven by the quest for friendlier crypto regulations, according to US court documents related to lawsuits against the defunct crypto exchange’s former management including its former chief executive officer (CEO) Samuel Benjamin Bankman-Fried and his ex-girlfriend Caroline Ellison.
FTX, once…
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