Ftx Bankruptcy
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FTX Founder Sam Bankman-Fried Won't Face Second Trial: US Prosecutors
U.S. prosecutors said on Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.
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FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4
FTX on Tuesday announced that it had reached an agreement to sell LedgerX, the bankrupt crypto exchange's crypto derivatives platform to an affiliate of Miami International Holdings. The crypto firm will seek approval for the sale of its platform in a deal worth $50 million (roughly Rs. 400 crore) in a US bankruptcy court on May 4.
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FTX Transferred $2.2 Billion to Sam Bankman-Fried via Alameda Research and Related Entities, New Managers Say
FTX on Wednesday issued a statement that the cryptocurrency firm made transfers of about $2.2 billion (roughly Rs. 18,200 crore) to company founder Sam Bankman-Fried through Alameda Research and related entities. The new managers of the collapsed crypto exchange stated that more than $3.2 billion (roughly Rs. 26,560 crore) was transferred to the co...
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FTX Bankruptcy Judge Denies Request for Independent Examiner Ahead of Bankman-Fried's Bail Review
The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the US bankruptcy trustee to appoint an independent examiner in the case. The trustee argued that the company’s financial affairs and business operations, including allegations of unprecedented fraud leading to its collapse, should be reviewed by a disi...
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Hackers Stole $415 Million In Cryptocurrency After Bankruptcy: FTX Chief
FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to fraud charges.
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FTX’s Sam Bankman-Fried May Enter Guilty Plea on Cheating Charges
Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter. Bankman-Fried has been free on $250 million (roughly Rs. 2,000 crore) bond following his extradition last...
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BlockFi Files for Bankruptcy in the US, Cites Exposure to FTX Amid Crypto Meltdown
BlockFi on Monday filed for Chapter 11 bankruptcy protection in the US, as the crypto lender said it was exposed to FTX's collapse earlier this month. The lender also sued a holding company for former FTX CEO Sam Bankman-Fried, seeking to recover shares in Robinhood. Debtors do not face the myriad issues apparently facing FTX, despite exposure to t...
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FTX Founder Sam Bankman-Fried Won't Face Second Trial: US Prosecutors
U.S. prosecutors said on Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.
-
FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4
FTX on Tuesday announced that it had reached an agreement to sell LedgerX, the bankrupt crypto exchange's crypto derivatives platform to an affiliate of Miami International Holdings. The crypto firm will seek approval for the sale of its platform in a deal worth $50 million (roughly Rs. 400 crore) in a US bankruptcy court on May 4.
-
FTX Transferred $2.2 Billion to Sam Bankman-Fried via Alameda Research and Related Entities, New Managers Say
FTX on Wednesday issued a statement that the cryptocurrency firm made transfers of about $2.2 billion (roughly Rs. 18,200 crore) to company founder Sam Bankman-Fried through Alameda Research and related entities. The new managers of the collapsed crypto exchange stated that more than $3.2 billion (roughly Rs. 26,560 crore) was transferred to the co...
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FTX Bankruptcy Judge Denies Request for Independent Examiner Ahead of Bankman-Fried's Bail Review
The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the US bankruptcy trustee to appoint an independent examiner in the case. The trustee argued that the company’s financial affairs and business operations, including allegations of unprecedented fraud leading to its collapse, should be reviewed by a disi...
-
Hackers Stole $415 Million In Cryptocurrency After Bankruptcy: FTX Chief
FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to fraud charges.
-
FTX’s Sam Bankman-Fried May Enter Guilty Plea on Cheating Charges
Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter. Bankman-Fried has been free on $250 million (roughly Rs. 2,000 crore) bond following his extradition last...
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BlockFi Files for Bankruptcy in the US, Cites Exposure to FTX Amid Crypto Meltdown
BlockFi on Monday filed for Chapter 11 bankruptcy protection in the US, as the crypto lender said it was exposed to FTX's collapse earlier this month. The lender also sued a holding company for former FTX CEO Sam Bankman-Fried, seeking to recover shares in Robinhood. Debtors do not face the myriad issues apparently facing FTX, despite exposure to t...
