FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction. In a victim impact statement filed Wednesday (March 20) ahead of Bankman-Fried’s sentencing next week, FTX chief executive John Ray writes that the one-time cryptocurrency wunderkind’s contention that his former customers will be...
FTX’s new CEO has reportedly met with federal prosecutors. John J. Ray III — who was appointed FTX’s CEO last month — and bankruptcy lawyers met with prosecutors from the U.S. Attorney’s Office for the Southern District of New York, Bloomberg reported Thursday (Dec. 8). ...
October 08, 2024
Most of FTX’s creditors will profit from their investments in the failed cryptocurrency exchange. That’s according to a bankruptcy agreement approved Monday (Oct. 7) by a federal court, giving 98% of FTX’s creditors approximately 119% of their claim. “Looking ahead, we are poised to return 100% of bankruptcy claim amounts plus interest for non-governmental creditors […]
March 21, 2024
FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction. In a victim impact statement filed Wednesday (March 20) ahead of Bankman-Fried’s sentencing next week, FTX chief executive...
December 08, 2022
FTX’s new CEO has reportedly met with federal prosecutors. John J. Ray III — who was appointed FTX’s CEO last month — and bankruptcy lawyers met with prosecutors from the...
