FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distributionFTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focus...
08 May, 2024, 09.10 AM IST
FTX expects US to reduce bankruptcy claim to $3 billion to $5 billionFTX expects U.S. gov claims in bankruptcy to decrease to $3-5 billion, leaving no money for shareholders. Founder's false claims about harm...
22 Mar, 2024, 09.19 AM IST
FTX abandons efforts to restart its crypto exchangeFTX has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild the FTX e...
01 Feb, 2024, 12.44 AM IST
FTX debtors settle claims over Embed deal with Sam Bankman-Fried, othersThe settlement agreement is between Bankman-Fried, and former FTX executives Nishad Singh and Gary Wang.
24 Dec, 2023, 08.22 AM IST
The hot new market in crypto? Trading FTX’s carcass.After the FTX cryptocurrency exchange filed for bankruptcy last year, Thomas Braziel, an investor who specializes in collapsed businesses, ...
21 Dec, 2023, 09.28 AM IST
The hot new market in crypto? Trading FTX's carcassThe initial despair over FTX's failure has given way to a strange afterlife for the bankrupt exchange: a trading frenzy that has intensifie...
20 Dec, 2023, 11.38 PM IST
FTX resolves dispute with Bahamian liquidatorsFTX and FTX Digital Markets have agreed to pool their assets and harmonise their approach to valuing customer claims to ensure equal treatm...
20 Dec, 2023, 09.15 AM IST
FTX customers are still grappling with crypto platform's collapseFTX founder and former-CEO Sam Bankman-Fried is accused of embezzling $10 billion from unsuspecting customers to prop up his hedge fund Ala...
05 Oct, 2023, 10.23 PM IST
FTX sues founder Sam Bankman-Fried's parentsFTX's lawsuit alleges that Bankman and Fried accepted a $10-million cash gift and a $16.4-million luxury property in the Bahamas from FTX, ...
19 Sep, 2023, 07.53 PM IST
Bankman-Fried's former crypto exchange outlines plan for potential rebootMore than 75 bidders have been contacted by the FTX estate since May to gauge industry interest in backing a relaunch of the exchange, acco...
12 Sep, 2023, 06.28 AM IST
FTX accuses ex-lawyer of aiding Bankman-Fried's fraud, silencing whistleblowersThe complaint, filed on Tuesday in US Bankruptcy Court in Delaware, describes Daniel Friedberg, a former chief compliance officer at FTX an...
29 Jun, 2023, 12.01 AM IST
FTX customer names will not be revealed by bankruptcy courtCryptocurrency exchange FTX has been granted permission by a US judge to redact the names of its individual customers from bankruptcy filin...
10 Jun, 2023, 12.41 PM IST
FTX customer names will not be revealed by bankruptcy courtUS Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled that FTX can permanently redact the names of individual customers from its b...
10 Jun, 2023, 08.16 AM IST
FTX US judge expresses doubts about parallel Bahamian bankruptcyLiquidators for FTX Digital Markets, the exchange's Bahamas-based subsidiary, have asked US Bankruptcy Judge John Dorsey to let them seek a...
09 Jun, 2023, 11.54 AM IST
FTX reaches deal to recover over $400 million from hedge fund ModuloBahamas-based Modulo agreed to pay $404 million in cash and give up its claim to $56 million in assets held on FTX's crypto exchange, accor...
23 Mar, 2023, 08.30 AM IST
FTX judge weighs demand for independent bankruptcy investigationFTX says an examiner would merely duplicate work already being done by FTX, its creditors, and law enforcement agencies.
06 Feb, 2023, 05.01 PM IST
FTX customers file class action to lay claim to dwindling assetsThe lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahama...
28 Dec, 2022, 08.08 AM IST