FTX Ventures Was a Disorganized Mess With Missing Financials, Bankruptcy Documents Say


The FTX umbrella included over 100 smaller legal entities. This complicates any story on the internal organization. According to paperwork filed on Thursday with the U.S. Bankruptcy Court for the District of Delaware, FTX Ventures, the operations that both invested in companies and accepted investments, spread its funds across Clifton Bay Investments LLC, FTX Ventures Ltd, Island Bay Ventures Inc and, “potentially, affiliated companies.”

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