At the heart of the FTX implosion, which has reportedly left nearly a million former customers and investors who trusted the exchange empty-handed, is the company’s...
When FTX raised $420 million from investors in October 2021, $300 million of that amount reportedly went to the cryptocurrency exchange’s then-CEO Sam Bankman-Fried. The...
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...
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),...
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...
Berkshire Hathaway Vice Chairman Charlie Munger has restated his contempt for the cryptocurrency industry in the wake of FTX’s collapse. “It’s partly fraud and partly delusion,” the 98-year-old billionaire...
The cryptocurrency exchange he launched may be broke and under investigation, but FTX founder Sam Bankman-Fried is still hoping to raise enough cash to cover...
To say bitcoin has been volatile would be an understatement. After slumping more than 70% from its peak a year ago, it has most recently...
Digital asset investment firm Valkyrie Investments has reportedly cut about one-third of its 23-person staff over the last few weeks, joining many other companies in...