FTX May Need To Claw Back $100M From 1,500 Bahamian FTX Accounts

FTX’s granting of a peculiar withdrawal window for Bahamian accounts while the rest of the world was locked out has attracted the attention of the US Congress. Veteran insolvency expert John Ray, who ...

Bahamian Regulator Accuses John Ray of ‘Misstatements’ Regarding FTX

The Securities Commission of the Bahamas has accused new FTX CEO John Ray of making “misstatements” in order to “advance questionable agendas” related to the exchange’s restructuring.  Liquidatio...

FTX Managed Critical Accounting Via Slack, New CEO Testifies

Now-bankrupt FTX may have experienced financial trouble for years before the public became aware, the exchange’s new CEO testified Tuesday.  John Ray, who took over to handle the exchange’s restr...

New FTX CEO Says Exchange Commingled Assets in Congressional Testimony 

FTX’s newly appointed CEO John Ray acknowledges the exchange commingled assets in Congressional testimony set to be delivered Tuesday.  “Some of the unacceptable management practices at the FTX G...

The Last 10 Days in the FTX Saga: A Timeline

More and more details of the now-insolvent crypto exchange FTX surface every day, and the spillover effects are ever more unfortunate.  The timeline below tracks major events since the Bahamian p...

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.”...

Worse Than Enron: SBF’s FTX Has ‘Complete Absence of Trustworthy Information’

The new CEO of failed crypto exchange FTX has some harsh words for his predecessor, Sam Bankman-Fried. John J Ray III, who previously oversaw restructuring efforts at historic corporate failures such ...