FTX collapse: a dizzying concoction of 'hubris, greed and incompetence', reveals debtors' reportThe report is the first released by FTX debtors since Sam Bankman-Fried’s digital-asset empire rapidly collapsed into bankruptcy in Novembe...
10 Apr, 2023, 10.43 AM IST
G20 watchdog to tackle vulnerabilities in decentralised finance after FTX crashThe most worrying vulnerability in DeFi relates to "mismatches" in liquidity from different maturities in liabilities and assets, a report ...
16 Feb, 2023, 05.12 PM IST
New FTX CEO says lax oversight, bad decisions caused failureFTX CEO John Ray III, who has guided dozens of companies, including Enron, through bankruptcy restructuring, called FTX's collapse one of t...
14 Dec, 2022, 11.12 AM IST
FTX founder Sam Bankman-Fried in custody after fraud charges, bail deniedThe former CEO of the collapsed cryptocurrency exchange, dressed in a blue suit without a tie, lowered his head and hugged his parents afte...
14 Dec, 2022, 08.01 AM IST
Former FTX CEO Bankman-Fried hit with eight count indictmentThe indictment says Bankman-Fried allegedly committed a years-long fraud by diverting investors' funds to his private hedge fund and using ...
13 Dec, 2022, 09.08 PM IST
Former FTX CEO Sam Bankman-Fried hit with eight count indictmentSam Bankman-Fried was charged with eight counts, ranging from wire fraud to money laundering to conspiracy to commit fraud on the United St...
13 Dec, 2022, 08.52 PM IST
US SEC charges ex-FTX boss Sam Bankman-Fried with defrauding investors of $1.8 billionThe US Securities and Exchange Commission charged disgraced cryptocurrency tycoon Sam Bankman-Fried on Tuesday with defrauding customers ou...
13 Dec, 2022, 05.42 PM IST
Former FTX CEO Bankman-Fried says will testify to CongressIn a tweet that came in as a response to several tweets earlier this month from House Financial Services Committee Chair Maxine Waters, who...
09 Dec, 2022, 08.29 PM IST
Former FTX CEO Bankman-Fried says will testify to CongressWaters said in a series of tweets to Bankman-Fried that based on multiple media interviews since FTX collapsed that it was "clear to us tha...
09 Dec, 2022, 07.03 PM 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 flipped Jane Street's risk obsession. Disaster followed for Bankman-FriedAs the story unspools of the epic collapse of FTX, the $32 billion crypto exchange now in bankruptcy, one of the biggest revelations is tha...
23 Nov, 2022, 07.43 PM IST
New CEO calls FTX's corporate control a 'complete failure'FTX collapsed last week after a run on deposits exposed a deep financial hole in the business. Last Friday, the company filed for bankruptc...
18 Nov, 2022, 09.00 AM IST
Learnings from crypto collapse on how to evaluate new-age businessesA critical aspect that usually works in such situations is the presence of skin in the game – it offers no guarantee of success, but an abs...
14 Nov, 2022, 03.32 PM IST
As regulators scrutinise FTX, investor focus swings to Crypto.comCrypto.com tweeted that its chief executive Kris Marszalek will go live on YouTube to answer questions around some transactions on the plat...
14 Nov, 2022, 12.27 PM IST
At least $1 billion of client funds missing at Sam Bankman-Fried's FTXFTX's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Rese...
12 Nov, 2022, 11.04 AM IST
Cryptocurrencies plunge as Binance scraps deal for rival FTXBitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struc...
10 Nov, 2022, 01.57 PM IST
Sam Bankman-Fried's FTX says no talks to acquire Robinhood"There are no active M&A conversations with Robinhood," Bankman-Fried said in an emailed statement."We are excited about Robinhood's busine...
28 Jun, 2022, 07.40 AM IST