FTX Group

The image that the FTX sought to portray as the customer-focused leader of the digital age was a "mirage," stated CEO and Chief Restructuring Officer of the FTX Debtors John J. Ray III on Monday. FTX Debtors released a report revealing the misuse and intermingling of...

Bankrupt cryptocurrency exchange FTX is making strides to recover some customer funds that were allegedly misused. The company submitted a motion on Wednesday to reclaim $460 million in assets for its stakeholders. The funds are expected to be retrieved from Modulo Capital, a Bahamas-based hedge...

According to the newly appointed FTX CEO John Ray III's declaration of support for Chapter 11 proceedings on Thursday, Sam Bankman-Fried utilized business cash from the FTX Group to buy homes and other personal assets for staff and consultants. “In the Bahamas, I understand that corporate...