Probe finds no ‘error’ in hiring Sullivan & Cromwell for FTX bankruptcy Examiner had investigated questions over law firm’s ties to bankrupt crypto exchange and founder Sam Bankman-Fried Save May 9 2024 Lex Wall Street found a win in the messy FTX bankruptcy Premium content Funds that ...
FTX entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run. Bankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits to make lavish real estate purchases, campaign contributions to po...
FTXspent at least $300mn on real estate in the Bahamas, lawyers for the company told the US bankruptcy court last week. “Most of those purchases related to homes and vacation properties used by senior executives,” they said. The property portfolio included at least six multimillion-dollar re...
In media appearances sinceFTX's filing for bankruptcy, Bankman-Fried admitted to having made mistakes in his running of the exchange but denied criminal liability.
Devin Finzer, 32, told the Financial Times that the crypto industry had seen “some setbacks recently”, referencing the fall of FTX, the cryptocurrency exchange that collapsed into bankruptcy in November helping to trigger a fall in the value of digital assets. OpenSea soared in value as ...
Pat Toomey of Pennsylvania wrote that the American people need answers about Bankman-Fried’s “misconduct” leading to the collapse of FTX and its sister hedge fund, Alameda, both of which filed for bankruptcy on November 11. “You must answer for the failure of both entities that was ...