The FTX Controversy and What it Means for Future Investing Alt. Title: The FTX Controversy

FTX cryptocurrency has found itself in hot water due to fraudulent money schemes, mismanagement of funds, and even embezzlement. In early November, FTX filed for bankruptcy after being valued at over $30 billion earlier in the year. With over $1 billion in missing customer funds, and $10 billion transferred to its sister company and trading firm Almeda Research that later went missing, FTX appears to be a complete farce. Even employees were taking advantage of FTX funds, buying personal homes with business money. There were additional property holdings of over $74 million in the Bahamas alone. These homes, as well

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