In the span of just one week, FTX went from being the world's third-largest cryptocurrency exchange to filing for Chapter 11 bankruptcy.
In the span of just one week, FTX went from being the world's third-largest cryptocurrency exchange to filing for Chapter 11 bankruptcy in Delaware. The sudden and rapid downfall of FTX came after the company — facing a liquidity crisis — agreed to sell itself to rival Binance for an undisclosed …
With cryptocurrencies plunging and cryptocurrency exchange FTX Trading filing for bankruptcy, big celebrity names that inked deals with the company — including Tom Brady, his ex-wife Gisele Bündchen and Boston Red Sox legend David Ortiz — may now find themselves passengers aboard a sinking ship. The …
Embattled cryptocurrency exchange FTX said Saturday it was moving funds into offline storage after reporting "unauthorized transactions." Analysts said millions of dollars worth of assets had been withdrawn from the platform. "Following the Chapter 11 bankruptcy filings – FTX US and FTX [dot] com …
The cryptocurrency exchange FTX is facing a criminal inquiry in the Bahamas after the company filed for bankruptcy and essentially collapsed last week. FTX, co-founded by former crypto billionaire and top Democratic donor Sam Bankman-Fried, reported that roughly $1 billion in crypto funds had …
Gary Gensler’s controversial tenure as chairman of the Securities and Exchange Commission could reach peak drama over a 45-minute Zoom call with Sam Bankman-Fried, the former crypto wunderkind at the center of the largest debacle the $1 trillion digital coin industry has ever witnessed. On March 23, …
The fallout from FTX Trading’s bankruptcy may touch more than one million creditors. The revelation came in a court document which shows just how massive the job will be of untangling a bankruptcy that includes more than 130 affiliates. Lawyers for the cryptocurrency exchange asked a U.S. bankruptcy …
Over the past week, FTX, a worldwide cryptocurrency exchange backed by the biggest names in Venture Capital (Sequoia, Greylock, Lightspeed, Tiger Global, Softbank) blew up in spectacular fashion. FTX founder Sam Bankman-Fried rose to fame in crypto through his crypto hedge fund Alameda Research. His …
FTX, one of the world’s largest cryptocurrency exchanges, has rapidly collapsed. FTX, trading company Alameda Research, West Realm Series, and 130 affiliated companies filed for bankruptcy protection late last week, just days after another cryptocurrency exchange pulled out of an agreement to …
The collapse of cryptocurrency exchange FTX amid reports that at least $1 billion in client funds disappeared, impacting potentially around a million customers, has prompted comparisons to some of the most notorious financial scandals in recent decades, yet the magnitude of customers impacted is …
In a rare show of bipartisan agreement, U.S. lawmakers are set to launch an investigation as the bankruptcy of crypto exchange FTX has sent cryptocurrency markets spiraling and left more than a million creditors hanging out to dry. The chairwoman and ranking member of the House Financial Services …
The bankruptcy of FTX Trading and other cryptocurrency companies will give the legal system — like Dorothy Gale in "The Wizard of Oz" — a peek behind the curtain into a private, opaque and largely unregulated world. Dorothy found the man behind the wizard. What the courts will find, according to …
Troubled cryptocurrency firm FTX updated its bankruptcy filing in Delaware on Thursday, and the document is chock-full of new insights into the chaotic and questionable business practices that occurred under the leadership of former CEO Sam Bankman-Fried. John Ray III, who was appointed as FTX's new …
