I am still wondering about this CEO. Surely he's CEO of the US portion of FTX and cannot represent the parent company which has a liquidator appointed? So this Chapter 11 would be for the US subsidiary only. How is it that the CEO seems to have access to the entire FTX organization?

Columbia.

Why do I think of Columbia every time I hear his name?

Absolutely right. The timing of our response lets the suspicion continue.

With all of the international speculation and evidence being presented pray tell why it took so long for the Securities Commission to come out and confirm that they took the assets and the reasoning behind it?
Why do we give the international community all the weapons to assume the worst of us? This whole week we have looked like criminals in the eyes of the world.

Certainly looks like it.

I suggest Brian set up a special office building for this as he will need an army of people (lawyers, programs, crypto experts and accountants) to keep a handle on this. And this is going to last for YEARS!
This liquidation is a goldmine for all involved. Madoff trustees have charged over $1.25 billion as at April last year.

Oh boy! Sorting out which jurisdiction has ultimate authority may take several years. The US Bankruptcy court don't mess around. They will want control.

So Sebas wants money for choosing not to do the work he was given money to do? Uhhh. Should he be giving back part of the $4.6 million since he only completed 15% of the work?
But knowing this government, they will give him an additional $10million for hardship... knowing that 90% of that will come back to them. 10% is still the standard take right????

Send this to the Public Accounts Committee? And then what? What a waste of time. No-one will ever be fired or investigate or jailed. Being lousy at ones job or being dishonest or stealing from Government mean nothing here. This is a do what you want - just keep cash on you in case you get caught - society.