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A request for access to information shows that British investors have asked the British police to get them back?Two meters of foregone funds.
Information obtained by British paper City A.M. reveals that UK investors lost nearly ?2m following the collapse of FTX. 2m after ftx went down.
Thirty-two individuals approached the police in the hope that their funds would be recovered.According to an Access to Information (Faith) request negotiating Web site investment notices, the London City Police has been in contact with 32 people who have lost?
1.9 m after ftx, the bahamas stock market led by sam bankman-fried imploded at the beginning of November as clients tried to withdraw their money.
The London Police Department is an independent law enforcement force in the known London Financial District as the "square mile." so it's separate from the metropolitan police department which covers the rest of Greater London.A shopkeeper questioned by law enforcement lost? Five feet in a slump.
The victims were 70 years old and under. The Financial Conduct Authority, the chief financial regulator in the United Kingdom, issued a warning last week to FTX, claiming it operates without authorization.
— Simon Dixon (@SimonDixonTwitt) September 22, 2022
Simon Dixon (@SimonDixonTwitt) September 22, 2022 The financial officer, the UK's Chief Financial Controller, issued a disclaimer last week in ftx, Simon Dixon (@simondixontwitt) at 22 September, 2022 in the United States, Bankman-fried faces charges of defrauding allegations that client funds have been used to finance its sister company, alameda research.
Currently, two senior FTX officials have previously pleaded guilty to wire fraud.
"Just the tip of the iceberg" of the FTX breakdown. "just the tip of the iceberg" of the collapse of ftx the insolvency teams supervising the liquidation of ftx would have recovered more than 5 billion dollars in assets.
However, the magnitude of client losses remains uncertain. According to Simon Jones, the head of investment reviews, the losses reported by British clients are probably only the start.
"That's only the tip of the iceberg," he said. Jones warned investors not to put all their money in crypto.
Reminding them also of the repeated warnings of the financial ethics authority according to which they could lose all their invested funds. The Financial Conduct Authority (fca) supervises the trade of cryptocurrencies operating in the United Kingdom and may take measures against trade that violates the regulations. However, there is no insurance or protection for funds lost by clients due to the collapse or insolvency of a stock exchange.
Additionally, the disgraced former CEO of FTX, Sam Bankman-Fried, was hit with 12 new charges on Thursday. In addition, former FTX CEO Sam Bankman-Fried was beaten with 12 new accusations on Thursday.
