FTX Bankruptcy

Last Updated: March 29, 2023, 05:50 ISTFILE — FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. On Tuesday, Bankman-Fried is accused in new indictment of paying $40 million bribe to unlock frozen…

Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion (roughly Rs. 18,200 crore) to company founder Sam Bankman-Fried through related entities, the company's new management said.Overall more than $3.2 billion (roughly…

Crypto-focused bank Silvergate Capital Corp said on Thursday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX.The decision to shutter the bank…

Private cryptocurrencies will not replace fiat currencies, said Nandan Nilekani, cofounder and non-executive chairman of Infosys, on Friday. He said incidents like the “fall of cryptocurrency exchange FTX in the United States” have shown…

FTX founder Sam Bankman-Fried faced new fraud charges Thursday, as prosecutors accused him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy "savior of the cryptocurrency industry" - an…

The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the US bankruptcy trustee to appoint an independent examiner in the case.The trustee, who serves as a government watchdog in Chapter 11…

The G20's Financial Stability Board (FSB) said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year.The fast-growing…

US prosecutors on Wednesday urged a judge to impose tight restrictions on indicted FTX cryptocurrency exchange founder Sam Bankman-Fried's internet use, arguing existing conditions "leave too much room for inappropriate conduct."Separately,…

A US bankruptcy judge on Wednesday denied calls for a new, independent investigation into the collapse of crypto exchange FTX, saying that the proposed investigation would be redundant to other investigations being carried out by FTX's new…

A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried's bail conditions, despite an agreement between the FTX cryptocurrency exchange founder and prosecutors to address potential witness tampering concerns.US District…