Lawyers for bankrupt crypto exchange FTX filed a list of creditors in the United States Bankruptcy Court in Delaware on Wednesday that lists companies and organizations without naming individuals. As it turns out, FTX is indebted to a variety of top...
crypto exchange
Cryptocurrency broker Genesis Global Capital, which was facing a liquidity problem following the collapse of crypto exchange FTX, initiated bankruptcy proceedings. The company has more than 100,000 creditors with total liabilities ranging from $1.2...
Cryptocurrency exchange FTX, which filed for bankruptcy last November, not only used customer funds for shady transactions and buying expensive real estate for employees, but also spent them liberally to pay for employees’ lodging in expensive...
Sam Bankman-Fried, the former head of bankrupt cryptocurrency exchange FTX charged with eight counts of wire fraud and illegal campaign finance, pleaded not guilty at a pretrial hearing the previous day. District Judge Lewis Kaplan granted the...
The Bahamas Securities Commission on Nov. 12 seized $3.5 billion worth of digital assets owned by crypto exchange FTX over concerns about their safety. One of the potential threats are cyber attacks on FTX resources. Just hours after the bankruptcy...
Clients of bankrupt cryptocurrency exchange FTX have filed a class action lawsuit against the platform and its former top executives in hopes of recovering their dwindling fortunes. The applicants intend to prove through a bankruptcy court in...
founder Bankrupt FTX crypto exchange Sam Bankman-Fried, extradited from the Bahamas to the United States, has been released by court order on $250 million bail and is under house arrest at his parents’ home in Palo Alto, California. in...
CEO of crypto exchange Binance Changpeng Zhao reportedthat the situation with customer deposits on the platform has stabilized. In doing so, he attempted to allay investor fears that had arisen due to the short-term suspension of the USDC...
FTX founder Sam Bankman-Fried was at the forefront of one of the largest fraudulent projects in American history The Wall Street Journal (WSJ) Words from a senior US attorney. According to prosecutors, the businessman stole billions from misleading...
The world’s largest cryptocurrency exchange, Binance, announced that it has temporarily suspended the withdrawal of stable digital asset USDC. The reason for this was some technical difficulties in the work of the bank, which is one of the...
It has emerged that crypto exchange FTX, which is now in bankruptcy proceedings, was under the surveillance of federal prosecutors from New York in the months leading up to the collapse. This was first reported by Bloomberg, citing sources familiar...
The suspended former CEO of crypto exchange FTX Sam Bankman-Fried (Sam Bankman-Fried) said he has not given up on saving the company, which has entered bankruptcy proceedings. Now he’s trying to secure a multi-billion dollar deal that will...
Clients of the cryptocurrency exchange FTX, which had initiated bankruptcy proceedings, began to lose hope that one day they would get back their money left on the platform, writes Wall Street Journal newspaper. In early November, the company...
A year ago, the cryptocurrency industry was on the rise, and only Coinbase Global Inc. went public. was valued at $85 billion. Since then, there have been many events that have put the digital asset market in a precarious position. As for Coinbase...
Crypto exchange FTX didn’t have proper accounting and corporate spending was approved with emoticons
Sam Bankman-Fried’s business empire has misappropriated customer funds, according to the new head of once $32 billion crypto exchange FTX, which is going bankrupt. There were no credible financial reports among the documents, and management...
Crypto exchange FTX’s bankruptcy filing states that the company’s corporate funds were used to purchase homes in the Bahamas, as well as personal belongings for employees and consultants. The announcement came just days after founder Sam...
Popular Singapore-based crypto exchange Crypto.com has vowed to prove its balance of payments stability against skeptics who claim the platform is in financial trouble. According to his leader Chris Marszalek (Kris Marszalek), there are no risks...
Earlier this week, cryptocurrency exchange FTX filed for bankruptcy and its CEO, Sam Bankman-Fried, resigned. It has now been revealed that $1-2 billion in client funds have disappeared from crypto exchange accounts. Image Source: REUTERS/Dado Ruvic...
Cryptocurrency exchange FTX has used client funds to fund risky trades by Alameda Research. Companies have an owner. This was the main reason for the collapse of the platform. This will be reported The Wall Street Journal (WSJ) citing their own...
The US Attorney’s Office for the Southern District of New York has filed charges against former Coinbase crypto exchange employee Ishan Wahi. According to investigators, he shared with his brother and friend what digital assets to place on the...
