The current and former CEOs of FTX are to testify before a Congressional committee. FTX Group founder and former CEO Sam Bankman-Fried and current FTX Group CEO John J. Ray III are to be witnesses at a Tuesday (Dec. 13) hearing called “Investigating the Collapse...
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 Tuesday (Nov. 22). The hearing took place in Wilmington, Delaware, the traditional city where corporate bankruptcy cases are heard. Presided...
It has not been a pleasant month for troubled crypto trading platform FTX, which until recently was one of the largest industry players. Things have certainly not been any easier for the company’s one-time whiz-kid CEO, Sam Bankman-Fried (SBF). Still, the biggest fallout from the...
Liquidators in the Bahamas dealing with the collapse of crypto exchange FTX say they “reject the validity” of the company’s bankruptcy proceedings in the U.S. That’s according to a report by Reuters Wednesday (Nov. 16), citing court documents. That filing from the liquidators followed the company’s Bahamas subsidiary FTX...
December 09, 2022
The current and former CEOs of FTX are to testify before a Congressional committee. FTX Group founder and former CEO Sam Bankman-Fried and current FTX Group CEO John J. Ray III are to be witnesses at a Tuesday (Dec. 13) hearing called “Investigating the Collapse of FTX, Part I,” the U.S. House Committee on Financial […]
November 16, 2022
Liquidators in the Bahamas dealing with the collapse of crypto exchange FTX say they “reject the validity” of the company’s bankruptcy proceedings in the U.S. That’s according to a report by Reuters Wednesday (Nov....
November 15, 2022
BlockFi, a digital asset lender that received a bailout from FTX earlier this year and which has significant exposure to the exchange and its associated entities like Alameda Research and...
November 11, 2022
FTX-affiliated trading firm Alameda Research and FTX US reportedly each have liabilities of as much as $50 billion. On the Alameda Research’s bankruptcy filing, it lists assets of between $10...
