John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images The Department of Justice has requested that an independent examiner be appointed to review “substantial and serious allegations of fraud, dishonesty” and “incompetence” after the … Read more
File photo of Sam Bankman-Fried testifying during a House Financial Services Committee hearing on digital assets on December 8, 2021.Photo: Tom Williams/CQ Roll (PA) Sam Bankman-Fried, the founder of FTX, says he donated equally to both Democratic and Republican politicians before his cryptocurrency platform filed for bankruptcy earlier this month, wiping out billions of dollars … Read more
FTX’s new CEO said on Saturday that the bankrupt crypto exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble in court filings and press releases about whether the bankruptcy filing should proceed in New York or in Delaware. “Based on our review over the past week, we … Read more
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition and Forestry Committee hearing in Washington, DC, on Wednesday, Feb. 9, 2022. Sarah Silbiger | Bloomberg | Getty Images Serious red flags around Sam Bankman-Fried’s FTX emerged before the now-embattled cryptocurrency exchange even launched, according to an early … Read more
From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure … Read more
A screenshot from the FTX ad featuring comedian Larry David that ran during the Super Bowl in February 2022.screenshot: FTX / YouTube The Department of Justice and Securities and Exchange Commission are investigating FTX, a crypto platform that halted withdrawals on Tuesday, according to a new report from the wall street journal. And while the … Read more