Lawyers for crumbling crypto exchange FTX and liquidators in the Bahamas have smoothed things over after a contentious courtroom brawl over who has jurisdiction in the failed company’s bankruptcy. &#...
Tag: John Ray
FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’
Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
FTX, Bahamas liquidators remain at loggerheads over system access
FTX, the Bahamas government, and lawyers hired to liquidate the failed crypto empire’s Bahamian operations remain at loggerheads over granting access to FTX’s Bahamian computers to review what assets ...
FTX execs had ‘free rein’ over exchange, Alameda, CEO Ray says
Sam Bankman-Fried and his top lieutenants had “free rein” over failed crypto exchange FTX and its sister trading firm, Alameda Research, the new FTX CEO said in a congressional hearing. Testify...
FTX CEO Ray details firm’s lack of controls, sophistication under SBF in testimony to Congress
FTX CEO John Ray refuted Sam Bankman-Fried’s contention that FTX US has enough segregated funds on hand to re-open user withdrawals. The CEO laid out the core structural flaws that led to ...
Sam Bankman-Fried takes aim at FTX CEO John Ray in new interview
Sam Bankman-Fried is picking a fight with the new CEO of FTX, the crypto exchange he co-founded. The exiled former exchange boss claims FTX CEO John J. Ray III has been icing him out since he to...
BlockFi Bankruptcy In The Latest FTX Casualty
(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Key takeaways Crypto platform BlockFi has filed for Chapter 11 Bankruptcy in New Jersey, citing exposure to FTX as a major...
With A New CEO, An Adult Has Arrived To Clean Up The FTX Mess
John J. Ray III, a veteran of Enron, Fruit of the Loom and other bankruptcies, now must pick up the shattered pieces from Sam Bankman-Fried’s chaotic reign. Ina scathing court filing on Thursday, John...