NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask ho...
Tag: Bankruptcy
FTX begins reviewing its assets as part of bankruptcy process
FTX has begun a review of its global assets as part of the crypto exchange’s Chapter 11 bankruptcy protection proceedings with New York-based financial services firm Perella Weinberg Partners L.P. (PW...
FTX Bankruptcy Jurisdiction Fight: Bahamas Regulators Now Confirm They Directed SBF to Move Assets
At least some of the millions of dollars in FTX customer funds mysteriously moved off the exchange last week were moved at the direction of regulators in the Bahamas. That assertion was made in a new ...
Australia is Re-designing Crypto Rules After FTX Bankruptcy Filing
Custody remains one of the largest issues facing the growing number of crypto investors and businesses in Australia. The country is working to become a global leader for crypto exchanges and seek to p...
FTX names Kroll as claims agent, to update users on bankruptcy developments
Bankrupt crypto exchange FTX has appointed restructuring administration firm Kroll as its agent to track all claims against FTX and ensure interested parties are notified of developments throughout it...
New FTX management indicates SBF transferred assets to Bahamas post Bankruptcy
FTX filed for bankruptcy on November 11th. It is headquartered in the Bahamas and registered elsewhere. FTX’s new CEO has experience in restructuring such companies. In an emergency court filing, inso...
Bankman-Fried cashed out $300 million during FTX fundraise last year: WSJ
FTX founder Sam Bankman-Fried quietly cashed out $300 million in personal stakes in the midst of a $420 million fundraise in October 2021, the Wall Street Journal reported. Bankman-Fried told in...
Chainalysis Confirmed as FTX Creditor in Bankruptcy Case
Analytics firm Chainalysis has announced that it is owed money in the bankruptcy proceedings for collapsed exchange FTX. In documents filed to bankruptcy court in Delaware on Wednesday, Chainalysis wa...
Another FTX Stadium Naming Rights Deal Bites the Dust Amid Bankruptcy Proceedings: Report
Another high-profile FTX stadium naming rights deal is reportedly cratering amid the exchange’s meltdown and bankruptcy. Front Office Sports reports that the University of California, Berkeley, has su...
Fallen FTX Founder Bankman-Fried Gives Regulators the Middle Finger
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, can not hide his disgust at financial regulators. The 30-year old former billionaire borrowed a whopping $1 billion from one of his b...
Bankman-Fried Received $1Bn in Personal Loan from His Company
Sam Bankman-Fried, the founder of the FTX exchange and Alameda Research, a cryptocurrency trading platform, seemed to confuse his bank and his companies. According to John Ray, the new CEO in charge o...
Genesis Block HK has more than $50 million stuck on FTX: Source
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block. ...
Does The FTX Bankruptcy Change Crypto Calculus In Your Retirement Account?
NurPhoto via Getty Images The collapse of the cryptocurrency exchange FTX sent ripples through the trading markets. And more. It’s a story that involves politicians, celebrities and, quite possibly, g...
SBF received $1B in personal loans from Alameda: FTX bankruptcy filing
Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. A formal declaration in ongoing...
Voyager ‘Shocked, Disgruntled, Dismayed’ by FTX Bankruptcy as Crypto Lender Searches for Another Buyer
Voyager Digital’s legal team said it’s “shocked, disgruntled, dismayed” at having to reopen the bidding process for its distressed assets following FTX’s bankruptcy during a hearing yesterday. The Voy...
Bahamas Regulators Want Control of FTX Bankruptcy Proceedings
Regulators in the Bahamas want to take control of FTX’s bankruptcy proceedings in what could become a messy process. Yesterday, FTX Digital Markets Ltd., the exchange’s Bahamian subsidiary, filed for ...
CZ Warned SBF to Own Up Before FTX Bankruptcy
Binance CEO Changpeng ‘CZ’ Zhao weighs in on the future of crypto and the much-publicized tweetstorm of former FTX CEO Sam Bankman-Fried (SBF) before the exchange collapsed. After fending off an attac...
5 Key Highlights From FTX Bankruptcy Filings
By now, most in the cryptocurrency community have likely seen the FTX bankruptcy filings. And as FTX’s new CEO John Jay Ray III put it, the internal management of the company was “a complete failure.”...
New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster
FTX’s fall from grace this week culminated in the company filing for Chapter 11 bankruptcy on Nov. 11. The filing includes all 130 companies under the umbrella, as well as the trading firm Alameda. On...
Alameda loaned SBF $1B: FTX bankruptcy filing
One of the four silo companies that had a significant role in the demise of the FTX bitcoin exchange provided Sam Bankman-Fried, the former CEO of FTX, with a personal loan in the sum of $1 billion. ...
US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy – Bitcoin News
U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive...
FTX Ventures Was a Disorganized Mess With Missing Financials, Bankruptcy Documents Say
The FTX umbrella covered over 100 smaller legal entities, which complicates any story about the internal organization. According to paperwork filed on Thursday with the U.S. Bankruptcy Court for the D...
Gemini suspends withdrawals for its EARN program, Is it also on the edge of bankruptcy?
Gemini, a regulated cryptocurrency exchange has temporarily suspended the withdrawals. Now the question arises… is it safe to keep your assets on this platform? In line with the PR team of the Winkle...
Genesis sought emergency loan of $1 billion: WSJ
Genesis sought an emergency loan of $1 billion from investors before telling clients it was suspending redemptions in the wake of the collapse of FTX, The Wall Street Journal reported. Genesis s...
10 crazy things detailed in FTX’s bankruptcy filing
On Thursday, John Ray, III, the new CEO of FTX, dropped a long-awaited declaration in U.S. bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. The bankrup...
The FTX bankruptcy filings are a doozy. We bring you the highlights.
Bankruptcy lawyers for crypto exchange FTX filed 41 pages of legal documents full of fresh details about how ex-CEO Sam Bankman-Fried ran — or didn’t run — the company and the myriad of flaws in the f...
FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others
A Nov. 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research. The ...
Bahamian liquidators reject validity of FTX’s US bankruptcy filing
Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in the Bahamas, has called into question the validity of a Chapter 11 bankruptcy fi...
FTX Bahamas Unit Has Officially Filed for Bankruptcy
The local Bahamas arm of crypto exchange FTX has filed for bankruptcy protection in New York, following more than a hundred affiliates which applied for their own in Delaware last week. FTX Digital Ma...