Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed
FTX’s bankruptcy is yielding an unexpected outcome and creditors could receive up to 142% of what they are owed. This remarkable recovery is due to FTX’s asset liquidation and the recent cryptocurrency boom. When the cryptocurrency market was experiencing a massive comeback in March, we made a joke about the creditors of Sam Bankman-Fried’s bankrupt […]
FTX Has Recovered $7.3B In Assets, Will Consider Rebooting Exchange
In an April 12 hearing in the United States Bankruptcy Court for the District of Delaware, lawyers representing FTX with Sullivan & Cromwell said that the crypto firm had recovered roughly $7.3 billion in liquid assets and that they will consider rebooting the exchange.
Indian-Origin Engineer Nishad Singh Pleads Guilty To FTX Crypto Fraud Charges
The Securities and Exchange Commission charged Indian-origin engineer Nishad Singh, who was the co-lead engineer for FTX, and he decided to plead guilty to commodities fraud and other charges.
How Bill Clinton Is Involved In FTX Scandal
According to the NY Post, SBF was able to defraud investors thanks to its strong ties to the Clintons, which was how Bill Clinton was involved in the FTX scandal.
FTX Pre-Mortem Overview – SBF Substack
In mid November, FTX International became effectively insolvent. The FTX saga, at the end of the day, is somewhere between that of Voyager and Celsius.
FTX Collapse And Digital Dollar
The economic effects of the billions of dollars lost due to FTX’s collapse are starting to be felt, and the digital dollar is one of them.
Inside Bankman-Fried White House Meetings Before FTX Collapse
The former billionaire frequently advocated for more crypto regulation and portrayed himself and his companies as ethical players in the sector. Let’s take a look inside of Bankman-Fried White House meetings before FTX collapse.
SBF Tried To Destabilize Crypto Market To Save FTX
On November 11, FTX Group and roughly 130 companies, comprising FTX Trading, FTX US, and Alameda Research, declared bankruptcy in the United States, citing a liquidity crunch. This occurred after SBF tried to destabilize the crypto market to save FTX, per reports.
FTX One Of The Biggest Financial Frauds In History
Following FTX’s demise last month, which resulted in the destruction of billions of dollars’ worth of user assets, the cryptocurrency ecosystem has suffered greatly from a lack of trust. FTX was “one of the biggest financial frauds” in history, SDNY says.
FTX’s Bankman-Fried Hires Ghislaine Maxwell’s Defense Attorney
Unnamed sources claim that US authorities are probably looking for proof of substantial misrepresentations made to investors. To counter this, FTX’s Bankman-Fried hired Ghislaine Maxwell’s defense attorney.