FTX bankruptcy

FTX's (CRYPTO: FTT) debtors have reached a settlement with a Bahamian subsidiary, FTX Digital Markets Ltd. What Happened: The beleaguered crypto exchange is seeking to align bankruptcy proceedings in the U.S. and The Bahamas, ensuring a more streamlined and equitable process for creditors...

The U.S. Department of Justice (DOJ) explained in a letter that existing laws are sufficient to charge disgraced FTX (CRYPTO: FTT) founder Sam Bankman-Fried for his alleged involvement in fraudulent activities. The DOJ's letter to Judge Lewis Kaplan highlighted the defendant's request...

Venture capital firm Tribe Capital is considering whether to aid in the revival of the now-defunct cryptocurrency exchange FTX (CRYPTO: FTT), in which it previously invested. What Happened: In January, Tribe Capital co-founder Arjun Sethi met with FTX's committee of unsecured...

FTX (CRYPTO: FTT), the insolvent cryptocurrency exchange, has regained over $7.3 billion in cash and digital assets, representing an increase of more than $800 million since January, the company's lawyer indicated during a recent U.S. bankruptcy court hearing. FTX attorney Andy Dietderich...

Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware denied a request on Feb. 15 for an independent examiner for FTX, citing additional expenses and unnecessary burden on the creditors and debtors. According to the judge, if an examiner were appointed, the cost of the...

Former FTX CEO Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase a stake in Robinhood Markets, according to court records. In an affidavit delivered to a Caribbean court before his detention, Bankman-Fried stated that he and FTX co-founder Gary Wang...