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SBF Declines a Congressional Invite; Alameda CEO Is Seen in New York City

The Breakdown

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Is Caroline Ellison in New York?

The US Department of Justice filed court documents in the FTX bankruptcy proceeding on Thursday requesting an investigation. Liquidators for failed crypto hedge fund 3AC have seized $35.6 million from bank accounts held in Singapore. The DOJ described FTX as the fastest big corporate failure in American history and said there is a substantial basis to believe CEO Sam mismanaged the company or engaged in fraudulent conduct.

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