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 transferred $2.2 billion to Bankman-Fried via related entities, new managers sayFTX also disclosed that more than $3.2 billion was transferred through payments and loans to company founders and key employees. These paym...
16 Mar, 2023, 11.28 AM IST
FTX says $415 million in crypto was hackedThe crypto assets recovered to date include $685 million in Solana, $529 million in FTX's proprietary FTT token and $268 million in bitcoin...
18 Jan, 2023, 08.13 AM IST
FTX teams in U.S., Bahamas to coordinate fund recovery effortsThe U.S. team has argued that those assets must be part of the U.S. bankruptcy, because FTX Digital Markets is only a "local service compan...
07 Jan, 2023, 11.20 AM IST
Bahamas regulator sticks to estimate of FTX assetsLast month, the SCB said it had seized more than $3.5 billion in cryptocurrency from the unit, FTX Digital Markets, which it was holding fo...
03 Jan, 2023, 03.49 PM IST
Bahamas regulator sticks to estimate of FTX assetsLast month, the SCB said it had seized more than $3.5 billion in cryptocurrency from the unit, FTX Digital Markets, which it was holding fo...
03 Jan, 2023, 10.32 AM IST
Bahamas regulator holds FTX assets pending delivery to customers, creditorsFTX's Bahamas unit's digital assets were transferred to digital wallets under the exclusive control of the commission in November soon afte...
30 Dec, 2022, 08.05 AM 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
FTX bankruptcy lawyers say they 'do not trust' Bahamas governmentLiquidators of FTX's Bahamian business, FTX Digital Markets, had asked US Bankruptcy Judge John Dorsey to give them access to the US unit's...
15 Dec, 2022, 08.30 AM IST
Crypto exchange FTX fights Bahamas demand for data accessLawyers for FTX asked Dorsey to deny the request. They argued that Bahamian regulators had worked with FTX's founder, the recently arrested...
14 Dec, 2022, 07.11 PM IST
Crypto exchange FTX fights Bahamas demand for data accessIn Wednesday's emergency hearing, liquidators of FTX's Bahamian business will ask U.S. Bankruptcy Judge John Dorsey to give them access to ...
14 Dec, 2022, 05.20 PM IST
New CEO outlines FTX collapse in congressional hearingTells lawmakers the collapse stems from poor management practices and inexperienced individuals at the helm
13 Dec, 2022, 10.38 PM IST
Ex-FTX CEO Sam Bankman-Fried arrested in Bahamas, US to unveil chargesIt marks a sunning fall from grace for the 30-year-old entrepreneur who rode a cryptocurrency boom to create one of the world's largest cry...
13 Dec, 2022, 03.24 PM IST
FTX remains focus of 'active' investigation: Bahamas attorney generalFTX, which had been among the world's largest cryptocurrency exchanges, is headquartered in the Bahamas.
28 Nov, 2022, 09.36 AM IST
What happened to world’s largest cryptocurrency exchanges, FTX? A timelineThe dramatic collapse of FTX has seriously damaged the Bahamas' image as a nation with efficient regulation of the digital asset industry.
25 Nov, 2022, 06.50 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 collapse being scrutinised by Bahamas authoritiesFTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platfor...
14 Nov, 2022, 07.58 AM IST