John Ray III

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...

Securities and Exchange Commission (SEC) Chair Gary Gensler faces a potential subpoena if the regulator does not deliver information pertaining to the charges filed against Sam Bankman-Fried. House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) and Rep....

Troubled cryptocurrency exchange FTX‘s native token FTT (CRYPTO: FTT) is up 96% in the last 24 hours, as news emerged that the exchange may be considering restarting in the future. What Happened: According to the legal team that represents FTX’s debtors, the cryptocurrency firm has recovered...

The new management of FTX on Sunday released the first interim report on the cryptocurrency exchange’s control failures.   What Happened: The 45-page report highlights FTX’s disorganized record-keeping, nonexistent cybersecurity defenses and lack of expertise in crucial areas such as...

The crypto community was taken by surprise Tuesday when wallets associated with the now-bankrupt Alameda Research were once again active, transferring millions of dollars in FTX (CRYPTO: FTT) tokens. The source of these funds and how they were accessed has become a major point of concern...

The defunct cryptocurrency exchange FTX, which froze millions of users from accessing their accounts, could make a comeback under the leadership of its new CEO John Ray III. What Happened: In an interview with The Wall Street Journal, Ray said a task group has been formed to look into the...

Sam Bankman-Fried founded FTX said that $415 million in cryptocurrency was transferred by hackers from its international and U.S. exchanges. What Happened: The bankrupt platform issued a press release on Tuesday in which it said that it had identified $323 million “subject to unauthorized...

Days after being released on a $250 million bond, Sam Bankman-Fried — founder of beleaguered cryptocurrency exchange FTX — turned to social media to deny allegations of misappropriating user funds. He also slammed Binance CEO Changpeng Zhao for allegedly running a months-long...

John Ray, the newly appointed CEO of FTX, said his predecessor Sam Bankman-Fried and his senior coterie had "free rein" over the troubled cryptocurrency exchange and its sister trading entity Alameda Research. There were no distinctions between FTX, Alameda Research, and other firms which...

Even as the bankrupt cryptocurrency exchange FTX attempts to pay creditors in the U.S., the Bahamas liquidators are attempting to exclude more than $200 million in luxury properties from the estate of the country. According to court records filed on Monday, lawyers for FTX CEO John Ray are...

Binance was in talks to acquire FTX for less than a single day. It turns out it only took the Binance team two hours to back out of the deal. What To Know: Binance is the largest cryptocurrency exchange in the world and one of the few big players left standing following the ...

The newly appointed CEO of bankrupt crypto exchange FTX, John Ray III, is in damage control mode, assuring FTX employees, vendors, customers, regulators, and government stakeholders to "be patient" after the collapse of the company. What Happened: In a Saturday statement, Ray...

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...

Bitcoin (CRYPTO: BTC) swung wildly between 9 a.m. and 10 a.m. after news hit that cryptocurrency platform FTX had filed for bankruptcy. The volatility caused Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) to follow suit. Between 9 a.m. and 9:30 a.m., Bitcoin plunged more than 5% before spending...