Initial payouts starting this week will go to smaller customers with claims of less than $50,000. Ultimately, the bankruptcy estate plans...
The two have been negotiating over the past few months, according to a court document filed on July 12 in the U.S. Bankruptcy Court for...
Since FTX’s 2022 implosion, hedge funds had scooped up the rights to customers’ frozen accounts for pennies on the dollar, with five...
Lower-ranking creditors typically receive just pennies on the dollar for their holdings, but FTX benefitted from a strong rally in...
Former FTX CEO Sam Bankman-Fried was found guilty on all seven counts by a panel of 12 jurors last Thursday. FTX co-founder Gary Wang,...
The debtors propose dividing missing customer assets into three pools based on circumstances at the start of the Chapter 11 cases: Assets...
Whoever looted FTX on the day of its bankruptcy has now moved the stolen money through a long string of intermediaries—and eventually...
Prosecutors say Bankman-Fried stole funds from FTX customers, in part, by secretly ordering the programming of “special features” that...
Joseph Bankman and Barbara Fried, both Stanford Law School professors, “exploited their access and influence within the FTX enterprise to...
In a court hearing, Judge John Dorsey said that he approved the motion and overruled two objections that were made opposing the plan....
Ms. Ellison, a top executive in Sam Bankman-Fried’s business empire, recorded her thoughts on private Google documents that offer new...
Prosecutors investigating Sam Bankman-Fried have accumulated more than 6m pages of documents and other records, which include crypto...
When the now-bankrupt crypto exchange FTX approached her about a $100m sponsorship deal in 2021, the pop star asked them, “Can you tell...
The company is still in the early stages of deciding whether to bring back the exchange, which allowed customers to trade digital assets...
Failed crypto exchange FTX Trading lacked fundamental financial and accounting controls, stifled dissent within the company and joked...
The indictment, unsealed Tuesday, is the third Mr. Bankman-Fried has faced since the collapse of the crypto exchange. It alleges that in...