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Tag: Bankruptcy Court

All FTX digital assets are now in the control of the Bahamas Securities Commission

On 12 November, the Bahamas Securities Commission (SCB) issued an order for FTX Digital Markets (FDM) to transfer the contents of its crypto wallets to...

New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices

The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never...

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...

Worse than Enron: Sam Bankman-Fried used FTX’s customers’ money to fund his lavish lifestyles and employees. Here’s the full text of FTX’s bankruptcy filing...

On November 11, the embattled crypto exchange FTX filed for Chapter 11 bankruptcy protection. Immediately after the news, the disgraced FTX founder Sam Bankman-Fried (also known as SBF) resigned as the CEO of the crypto exchange FTX Group and John […]

The post Worse than Enron: Sam Bankman-Fried used FTX’s customers’ money to fund his lavish lifestyles and employees. Here’s the full text of FTX’s bankruptcy filing (PDF) appeared first on Tech News | Startups News.

FTX Exchange Release Day One Bankruptcy Filing: “Complete Failure”

FTX Exchange, following the collapse of its business, has filed its first day declaration in bankruptcy court citing a “complete failure of corporate controls,”...

Former Enron Liquidator Finds ‘Complete Absence of Trustworthy Financial Information’ at FTX

FTX’s new chief executive has blasted his predecessor in scathing documents filed as part of the exchange’s bankruptcy proceedings.

Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX

Ikigai Exec Says 'Large Majority' of Crypto Asset Management Firm's Funds Stuck on FTXAfter Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and […]

Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History

The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages...

Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid

According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been...

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