FTX

Conflict of Interest Costs SBF His Lawyers
Conflict of Interest Costs SBF His Lawyers
November 23, 2022  |  Cryptocurrency

Add this to the list of troubles befalling FTX founder Sam Bankman-Fried this month: his law firm has reportedly stopped representing him due to an...

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SBF Blames ‘Oversight Failure’ in Apology to FTX ‘Family’
SBF Blames ‘Oversight Failure’ in Apology to FTX ‘Family’
November 23, 2022  |  Cryptocurrency

FTX founder Sam Bankman-Fried says his own lack of oversight helped lead to the demise of the company. In an apology to his former employees...

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Sens. Warren and Durbin Seek Explanation From FTX’s Sam Bankman-Fried
Sens. Warren and Durbin Seek Explanation From FTX’s Sam Bankman-Fried
November 22, 2022  |  Cryptocurrency

The developments around the collapse of FTX justify concerns that the crypto industry “is built to favor scammers,” U.S. Sens. Elizabeth Warren, D-Mass., and Dick...

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Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
November 22, 2022  |  Cryptocurrency

Cryptocurrency brokerage Genesis has reportedly said it may file for bankruptcy if it doesn’t raise at least $1 billion in new funding.  The firm has...

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Sequoia Capital Loses $150M in FTX Collapse
Sequoia Capital Loses $150M in FTX Collapse
November 22, 2022  |  Cryptocurrency

Venture capital (VC) firm Sequoia Capital has apologized to its investors for its loss in the fallen cryptocurrency exchange FTX and said it will step...

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FTX Liquidators in Bahamas Move Case From New York to Delaware
FTX Liquidators in Bahamas Move Case From New York to Delaware
November 22, 2022  |  Cryptocurrency

Bahamian liquidators who had filed a case related to the bankruptcy of FTX in New York have agreed to transfer that case to Delaware, where...

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FTX’s First Day in Court: ‘Personal Fiefdom of Sam Bankman-Fried’
FTX’s First Day in Court: ‘Personal Fiefdom of Sam Bankman-Fried’
November 22, 2022  |  Cryptocurrency

Almost a full two weeks after first filing for bankruptcy on Nov. 11, the insolvent cryptocurrency exchange FTX finally held its first-day motion requests on...

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Crypto Contagion Sends Coins and Companies Tumbling
Crypto Contagion Sends Coins and Companies Tumbling
November 22, 2022  |  Cryptocurrency

FTX continues to be an industry “market maker” from beyond the grave, as the realities of entangled counterparty risk rear their heads throughout the cryptocurrency...

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Report: Binance CEO Turns to Middle East for Crypto Recovery
Report: Binance CEO Turns to Middle East for Crypto Recovery
November 22, 2022  |  Cryptocurrency

The founder of cryptocurrency exchange Binance met with investors in Abu Dhabi last week to raise money for a recovery fund to help the industry...

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