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Tag: chapter 11 bankruptcy

Getting funds out of FTX could take years or even decades: Lawyers

Blockchain
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers...

FTX owes over $3 billion to its 50 biggest creditors: Bankruptcy filing

Blockchain
According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was...

FTX Asks Other Exchanges to Help Secure and Return Lost Funds

Blockchain
FTX called on its fellow crypto exchanges for help on Sunday, pointing out that funds siphoned from the befallen exchange are being transferred to...

FTX fiasco means coming consequences for crypto in Washington DC

Blockchain
On Nov. 11, while the rest of the country was celebrating Veteran’s Day, Sam Bankman-Fried announced that FTX — one of the world’s largest...

FTX Leadership Borrowed Over $1B From Alameda

Blockchain
Incoming CEO John Ray Cites ‘Complete Absence of Trustworthy Financial Information’ Former FTX CEO Sam Bankman-Fried and other executives at the now-bankrupt crypto exchange...

Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme

Blockchain
Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to...

Despite Solana’s Tumble Amid the FTX Collapse, The Community Is Keeping Its Hopes High

Blockchain
Advertisement &nbsp &nbsp FTX’s rapid debacle has caused widespread pain for the crypto community, but certainly not close to that of the Solana community....

Visa CEO: “Good Stablecoin Regulation” Is “What’s Necessary To Build Back Confidence”

Blockchain
In a recent interview, Alfred F. Kelly, Jr. (aka “Al Kelly”), who is Chairman and CEO of Visa Inc., said that he hopes that...

SBF Rues FTX Bankruptcy Filing As Screws Tighten: Report

Blockchain
Bankman-Fried Says Altruist Persona Was ‘Just PR’ in Wide-ranging Interview with Vox Disgraced FTX co-founder and former CEO Sam Bankman-Fried (SBF) said his overtures to...

Crypto Exchange FTX Fires 3 Top Executives, Report Reveals

Blockchain
Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one...

FTX Launches Asset Review; Here’s How Remaining Holdings Stands

Blockchain
The collapsed cryptocurrency exchange FTX and about 100 affiliated companies on Saturday launched a strategic review of global assets. It is a part...

Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’

Blockchain
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange...
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