FTX Co-founder Gary Wang said Sam Bankman-Fried wanted to transfer funds and restart FTX abroad. That’s according to a filing made Monday (Jan. 30) by the U.S. Department of Justice (DOJ), alleging the crypto exchange founder hoped to stall his imploded enterprise’s Chapter 11 bankruptcy proceedings...
Crypto continues battling through a historic shock to its system, while industry lessons accumulate. In just the past two weeks alone, bitcoin (BTC) has risen 30% on the year hitting a multi-month high, former FTX US president Brett Harrison has returned to the industry with...
The former president of FTX is blasting the failed crypto exchange and its founder as he pivots to raising fresh funds for his new venture. That’s according to a 49-part Twitter thread where Brett Harrison, who served as the failed FTX cryptocurrency exchange’s one-time U.S....
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...
January 18, 2023
Crypto continues battling through a historic shock to its system, while industry lessons accumulate. In just the past two weeks alone, bitcoin (BTC) has risen 30% on the year hitting a multi-month high, former FTX US president Brett Harrison has returned to the industry with a new startup backed by one-time FTX partner Anthony Scaramucci, […]
July 07, 2022
Sam Bankman-Fried became one of the richest names in crypto by building a better mousetrap: a stable and customer-focused exchange that grew primarily by word of mouth. Just how rich...
April 10, 2023
At FTX under Sam Bankman-Fried, financial oversight was apparently something of a joke. That’s according to a report issued Sunday (April 9) by the collapsed cryptocurrency exchange’s debtors, which argues the company’s failure was the result of a small group of executives who apparently had no wish to set up proper controls. “These individuals stifled […]
January 31, 2023
FTX Co-founder Gary Wang said Sam Bankman-Fried wanted to transfer funds and restart FTX abroad. That’s according to a filing made Monday (Jan. 30) by the U.S. Department of Justice (DOJ),...
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...
October 17, 2022
Cameron Winklevoss has stepped down as a director of Gemini’s European division, Coindesk wrote, citing an Oct. 12 filing with Companies House, a registry in the U.K. In his place,...
