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
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 gets approval for $50-million LedgerX sale, asserts $3.9-billion Genesis claimAs part of that broader effort, FTX on Wednesday said it would seek repayment of nearly $4 billion from Genesis Global Capital (GGC), the b...
05 May, 2023, 08.31 AM IST
Bankrupt crypto firm FTX to sell LedgerX for $50 million"We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries to...
26 Apr, 2023, 09.35 AM IST
FTX bankruptcy judge rejects call for new investigation into crypto exchange's collapseJudge John Dorsey in Wilmington, Delaware, rejected a request by the US Department of Justice's bankruptcy watchdog.
15 Feb, 2023, 10.28 PM IST
FTX points to cost, cyber risk as it opposes independent bankruptcy investigationFTX attorney James Bromley at Monday's hearing told Judge John Dorsey, who is overseeing the crypto exchange's Chapter 11 case, that the pr...
07 Feb, 2023, 10.33 AM IST
FTX sues Voyager Digital to claw back $446 million in 2022 loan paymentsFTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager's bankruptcy preceded FTX's filing by...
31 Jan, 2023, 09.41 AM IST
FTX debtors file bidding procedures motion for sale of four businessesDebtors of the bankrupt cryptocurrency exchange intend to conduct auctions for Embed, LedgerX, FTX Japan and FTX Europe businesses, accordi...
16 Dec, 2022, 07.27 PM IST
FTX bankruptcy judge to hear media companies' request to reveal customer namesIn seeking to intervene in the case, the New York Times, Dow Jones, Bloomberg and the Financial Times said bankruptcy law demands transpare...
16 Dec, 2022, 05.59 PM IST
US justice department watchdog seeks independent review of FTX bankruptcyThe DOJ's Office of the US Trustee said in a filing in Delaware bankruptcy court that it did not question John Ray's competence or earnestn...
02 Dec, 2022, 07.07 AM IST
BlockFi tells U.S. bankruptcy court it is 'the antithesis of FTX'BlockFi filed for Chapter 11 protection on Monday, citing FTX's collapse and volatility in the crypto markets.
30 Nov, 2022, 03.31 PM IST
- FTX Collapse Ain't Cryptic
I thought I'd seen it all, but FTX has something new. When FTX filed bankruptcy on November 11, its filing listed companies that FTX neithe...
21 Nov, 2022, 11.30 PM IST
Collapsed FTX owes nearly $3.1 billion to top 50 creditorsThe exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them.
20 Nov, 2022, 04.03 PM IST
FTX's Bahamas unit seeks Chapter 15 bankruptcy protectionThis move allows a foreign debtor to shield assets in the country. Non-U.S.-companies use the measure to block creditors who want to file l...
16 Nov, 2022, 04.42 PM IST
FTX's new CEO helped bolster Enron victims' recoveryJohn J. Ray III took over from founder Sam Bankman-Fried as FTX's chief executive after a disastrous week for the company that started with...
15 Nov, 2022, 04.48 PM IST