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407 results
New Republic24d
Why Did FTX Fail? A Judge Is Letting FTX Itself Decide.
John Ray, FTX’s new CEO, shepherded Enron through bankruptcy. During the FTX hearing, Ray blasted Enron’s examiner’s report as “very shallow” and not helpful. (The $100 million price tag ...
New York Post7d
FTX funneled $3.2B to Sam Bankman-Fried, other execs: court filing
Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s new management said. Overall more than $3.2 ...
Ars Technica7d
Where did FTX customer money go? Firm says Bankman-Fried took $2.2 billion
In November, an FTX lawyer said at a Bankruptcy Court hearing that Bankman-Fried ran the failed cryptocurrency exchange as his "personal fiefdom" and that "a substantial amount of assets have ...
The Globe and Mail15d
FTX founder Sam Bankman-Fried’s bid to shift blame complicated by new charges
Since his December arrest on fraud charges, FTX founder Sam Bankman-Fried and ... s office in Manhattan declined to comment. At her plea hearing in December, Ellison admitted she and Bankman ...
Futurism15d
Former SEC Lawyer Issues Warning That Binance Is an “FTX Redux”
with no US regulatory oversight or audit." "It's FTX redux," he ominously added, "and an epic bank run seems inevitable." My take is that Binance is a shadow bank, minting their own counterfeit ...
CoinDesk6d
FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy
Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci. Sam Bankman Fried’s crypto empire had a $6.8 billion shortfall in its balance sheet when it ...
Yahoo News10d
Shaquille O’Neal Reportedly May Be Hiding In His House To Dodge FTX Lawsuit
Shaquille O’Neal is allegedly attempting to duck and dodge an FTX lawsuit. The post Shaquille O’Neal Reportedly May Be Hiding In His House To Dodge FTX Lawsuit appeared first on AfroTech. O’Neal ...
The Financial Times7d
Sam Bankman-Fried said to have taken $2.2bn from FTX entities
We’ll send you a myFT Daily Digest email rounding up the latest FTX Trading Ltd news every morning. More than $2bn was transferred to Sam Bankman-Fried from FTX entities, according to bankruptcy ...
CNN8d
Takeaways from the Texas hearing on medication abortion drugs
Kacsmaryk returned to that “apples to oranges” argument several times throughout the hearing. Justice Department attorney Daniel Schwei defended the FDA’s approach, arguing that the relevant ...
Yahoo8d
Shaquille O'Neal Is Allegedly Hiding Inside His House To Avoid FTX Lawsuit
It looks like Shaquille O’Neal may be going to extremes to avoid an FTX lawsuit. Forbes has reported that though the basketball legend originally partnered with cryptocurrency exchange company ...
Reuters1mon
FTX Japan to allow asset withdrawals starting Tuesday
TOKYO, Feb 21 (Reuters) - The Japanese unit of failed cryptocurrency exchange FTX said on Monday it would allow customers to withdraw deposits of fiat currency and crypto assets beginning Tuesday ...
Seeking Alpha13d
FTX to sell Sequoia stake to Abu Dhabi Investment Council unit for $45M
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