bankruptcy

New CEO Says FTX’s ‘Complete Failure’ Worse Than Enron

New CEO Says FTX’s ‘Complete Failure’ Worse Than Enron
New CEO Says FTX’s ‘Complete Failure’ Worse Than Enron
November 17, 2022  |  Cryptocurrency

Despite 40 years of corporate restructuring experience, John J. Ray said he’s never seen a company as badly run as fallen cryptocurrency exchange FTX. In...

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FTX Founder: Filing for Bankruptcy Was Bad Move
FTX Founder: Filing for Bankruptcy Was Bad Move
November 17, 2022  |  Cryptocurrency

The founder of fallen cryptocurrency giant FTX says his company’s decision last week to declare bankruptcy was a mistake. That’s according to Vox, which published...

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SBF Spin Machine Sets Cycle to Reputation Wash
SBF Spin Machine Sets Cycle to Reputation Wash
November 16, 2022  |  Cryptocurrency

While FTX’s bankruptcy continues to reverberate across the entire cryptocurrency ecosystem, negatively impacting perception of the entire space, the exchange’s former CEO, Sam Bankman-Fried (SBF),...

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Liquidators Object to FTX Subsidiary’s Bankruptcy
Liquidators Object to FTX Subsidiary’s Bankruptcy
November 16, 2022  |  Cryptocurrency

Liquidators in the Bahamas dealing with the collapse of crypto exchange FTX say they “reject the validity” of the company’s bankruptcy proceedings in the U.S. That’s according...

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Financially Linked to FTX, BlockFi Eyes Chapter 11
Financially Linked to FTX, BlockFi Eyes Chapter 11
November 15, 2022  |  Cryptocurrency

BlockFi, a digital asset lender that received a bailout from FTX earlier this year and which has significant exposure to the exchange and its associated...

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FTX Faces 1M Creditors as Investigators Close In
FTX Faces 1M Creditors as Investigators Close In
November 15, 2022  |  Cryptocurrency

The downfall of crypto trading platform FTX has triggered a worldwide regulatory investigation and could leave the company dealing with more than one million creditors....

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FTX’s Enron Parallels Have Implications for Crypto’s Great Regulatory Revamp
FTX’s Enron Parallels Have Implications for Crypto’s Great Regulatory Revamp
November 12, 2022  |  Cryptocurrency

FTX’s former CEO is being replaced by one of the men who oversaw Enron’s bankruptcy proceedings. There’s irony in that news. John J. Ray III,...

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FTX US and Alameda Research Each Have Liabilities of $10B to $50B
FTX US and Alameda Research Each Have Liabilities of $10B to $50B
November 11, 2022  |  Cryptocurrency

FTX-affiliated trading firm Alameda Research and FTX US reportedly each have liabilities of as much as $50 billion.  On the Alameda Research’s bankruptcy filing, it...

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