FTX Leadership Says $3.2 Billion Were Paid Out to Former Execs
In the race to untangle the FTX Group’s balance sheets – which were poorly kept at best and deliberately fraudulent at worst – the new leadership brought in to clean…
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US Regulators Launch Official Probe Into Silvergate-FTX Dealings
Silvergate, one of many creditors to take huge losses due to FTX going under, was previously forced to lay off 40% of its staff. This hit to its business was…
FTX Creditors List Include Apple, Google, Amazon, WSJ, and Even Australia’s Govt
A recent document filed with the United States Bankruptcy Court for the District of Delaware revealed that FTX’s creditors consist of over 9.7 million companies and individuals. Some of the…
US Feds Confiscate Nearly $700M of Sam Bankman-Fried’s Assets: Report
The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX. At the heart of the seizure are…
FTX allowed by bankruptcy judge to sell LedgerX, other assets
The FTX assets that will be sold include the derivatives platform LedgerX, the stock-clearing platform Embed, and its regional arms FTX Japan and FTX Europe.
Senator Stabenow Who Designed ‘SBF Crypto Bill’ Will not Seek Re-Election
Michigan Senator Debbie Stabenow announced she will abandon her post in January 2025. The politician was one of the creators of cryptocurrency legislation that could empower the CFTC with exclusive…
SEC Investigates Whether FTX Investors Followed Due Diligence Procedures (Report)
The US Securities and Exchange Commission has reportedly asked some FTX investors whether they conducted proper research on the cryptocurrency exchange before becoming its clients. Recall that the platform (considered…
3AC Co-Founder Zhu Su Accuses DCG of Being Criminally Fraudulent
Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, became one of the many industry participants that went bankrupt in the bear market. At its peak, 3AC managed more than…
The Alameda-FTX Crisis Started Years Before Bankruptcy: WSJ Report
The 2022 crypto winter got colder and darker in November when one of the biggest and most prominent crypto exchanges, FTX, imploded. The company, which had bailed out several crypto…
13 Biggest Crypto Scandals and Controversial Stories of 2022
The crypto market behaving erratically is nothing new, but absolutely no one saw such epic levels of fund mismanagement coming from established giants. The young industry’s turn to a more…
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