#BANKRUPTCY News

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Sam Bankman-Fried points blame for FTX collapse to Alameda, says he was blindsided

forkast.news Sam Bankman-Fried, former chief executive officer of failed cryptocurrency exchange FTX, seemed to point to the activities of his company’s brokerage arm as the reason his…

The Last 10 Days in the FTX Saga: A Timeline

blockworks.co More and more details of the now-insolvent crypto exchange FTX surface every day, and the spillover effects are ever more unfortunate. The timeline below tracks major events…

Sam Bankman-Fried: Crypto entrepreneur's net worth has fallen from $25.6bn to $100,000 after his firm FTX collapsed

yahoo.com A crypto entrepreneur says his net worth has fallen from $26.5bn to $100,000 after his company imploded. Sam Bankman-Fried admitted it has been a "bad month" after FTX…

SBF Talks FTX Blowup, Drug Use and Net Worth at NY Times DealBook Summit

thedefiant.io The swift collapse of FTX was a “massive failure of oversight, of risk management,” disgraced founder Sam Bankman-Fried said in a live interview Wednesday evening. The…

SBF Shifts Blame to Customers in Defense: ‘I Did Not Try to Commit Fraud’

beincrypto.com Sam Bankman-Fried (SBF) appeared at the New York Times DealBook Summit, where he discussed the reasons for the demise of FTX. He claims that despite setbacks, he isn’t…

DCG Offered $300M for CoinDesk by Potential Buyers

247wallst.com A recent report indicated that CoinDesk, an online news website, has garnered some takeover interest. The outlet has been attracting increased attention throughout the fall…

LedgerX to Pay $175M for FTX’s Bankruptcy as Firm Plans to Resume Wages

247wallst.com One of the few FTX solvent units LedgerX is set to transfer $175 million to its parent company for bankruptcy proceedings, according to a report by Bloomberg. The capital…

BlockFi Sues for Sam Bankman-Fried's Robinhood Shares

wsj.com Cryptocurrency lender BlockFi, which filed for bankruptcy Monday, is suing for Sam Bankman-Fried’s Robinhood shares. BlockFi filed a lawsuit against Emergent Fidelity…

‘I’ve Had a Bad Month’: Sam Bankman-Fried Ignores Lawyers to Make Awkward Public Appearance

rollingstone.com Even as critics fumed that he wasn’t already in jail, and rumors swirled that he would cancel the risky public appearance, Sam Bankman-Fried, co-founder of the failed…

Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse

nytimes.com Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, made his first public appearance on Wednesday since his business empire imploded this month, insisting…

Ripple's Counsel Allegedly Blames SEC For BlockFi Bankruptcy

bitcoinist.com According to an official press release, BlockFi has commenced restructuring proceedings to stabilize the business and maximize value for its customers and stakeholders. The…

Sam Bankman-Fried, Offering Little Clarity, Says ‘I’ve Had A Bad Month’

forbes.com Sam Bankman-Fried had little to add more than he was sorry, and that he should have done better, in his first public appearance since his FTX cryptocurrency exchange filed…

Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy

cryptopotato.com For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save…

Sam Bankman-Fried, former CEO of FTX, says ‘we messed up big’

washingtonpost.com In an unusual public spectacle for a failed financial mogul, former FTX executive Sam Bankman-Fried on Wednesday tried to sound contrite about the loss of customer billions…

Sam Bankman-Fried Denies Knowing Scale of Bad Alameda Bets

wsj.com Sam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a cryptocurrency hedge…

Crypto Bankruptcies Have No Winners: Except Their Lawyers

blockworks.co Several top law firms are reportedly banking millions in legal fees over bankruptcy proceedings instigated by former crypto lending giants earlier this year. Kirkland &…

Embattled Bankman-Fried hints at Washington testimony on crypto meltdown

politico.com Embattled Bankman-Fried hints at Washington testimony on crypto meltdown Bankman-Fried’s interview Wednesday marks his most high-profile public appearance since his $32…

FTX founder faces questions about crypto exchange's collapse

foxbusiness.com In his first live appearance since the spectacular collapse of FTX, founder Sam Bankman-Fried took questions at the DealBook Summit on Wednesday regarding the collapse of…

Watch live as Sam Bankman-Fried speaks with DealBook

nytimes.com Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, is set to speak to Andrew Ross Sorkin at 5 p.m. Eastern time at the DealBook Summit. You can…

‘Look, I Screwed Up’: Sam Bankman-Fried Is Challenged on the Collapse of FTX

nytimes.com Sam Bankman-Fried, the cryptocurrency billionaire whose empire collapsed spectacularly this month and spawned at least two federal investigations, sat for a wide-ranging…

Broke and down to one credit card: Former FTX CEO Sam Bankman-Fried claims he committed no fraud

cnbc.com Bankman-Fried was once CEO of now collapsed crypto platform FTX, before reporting by Coindesk sparked a liquidity crisis and eventual bankruptcy protection filing. -…

Sam Bankman-Fried tries to explain himself

vox.com That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after…

FTX founder Sam Bankman-Fried is grilled publicly for the first time

dailymail.co.uk 'I didn't try to commit fraud': Visibly nervous FTX founder Sam Bankman-Fried speaks publicly for FIRST time since $32B crypto exchange filed for bankruptcy - Disgraced FTX…

SBF at Dealbook Summit: 'I Didn’t Knowingly Commingle Funds'

decrypt.co As the collapse of FTX continues to cast a shadow over much of crypto, former Chief Executive Sam Bankman-Fried stepped into the media spotlight. The befallen crypto tycoon…

'I didn't ever try to commit fraud on anyone,' FTX founder Sam Bankman-Fried says

cbc.ca 'I didn't ever try to commit fraud on anyone,' FTX founder Sam Bankman-Fried says Cryptocurrency firm FTX went bankrupt earlier this month The man at the centre of collapsed…

FTX founder Sam Bankman-Fried says he didn't intend to commit fraud

cnn.com Sam Bankman-Fried, the 30-year-old founder of a now-bankrupt crypto empire, said he “didn’t ever try to commit fraud on anyone.” “Clearly I made a lot of mistakes,”…

‘I Didn’t Ever Try To Commit Fraud’: Sam Bankman-Fried Responds To FTX Collapse In New Interview

forbes.com Topline Former FTX CEO Sam Bankman-Fried claimed in a live New York Times interview Wednesday the collapse of his cryptocurrency exchange was driven by numerous mistakes on…

Here’s everything that went wrong with FTX

theverge.com FTX’s sudden and catastrophic collapse sent reverberations throughout the entire cryptocurrency industry. What was once the third-largest cryptocurrency exchange is now in a…

Telegram Announces Plans to Build Decentralized Crypto Exchange Following FTX Failure

decrypt.co As the collapse of the crypto exchange FTX shakes faith in the industry’s centralized players, Telegram is stepping in to build trustless and decentralized alternatives. In…

FTX’s Alameda Research owes Jimmy Buffett’s Margaritaville, Amazon Web Services

foxbusiness.com Sam Bankman-Fried's hedge fund Alameda Research lists Jimmy Buffett's Margaritaville Resort in the Bahamas and Amazon Web Services as two of the largest creditors it owes…

ARS To Take On SBF

dealbreaker.com Tomorrow, the Senate Agriculture Committee will attempt to get to the bottom of the whole FTX thing. It will bring before it Commodity Futures Trading Commission chief…

Bitcoin Prices Are Languishing After the FTX Selloff

barrons.com Bitcoin and other cryptocurrencies edged higher on Wednesday, but altogether remain little moved since crypto exchange FTX’s bankruptcy shocked the industry and slammed…

BlackRock CEO Fink Says The Asset Manager Invested This Many Millions In FTX

benzinga.com BlackRock BLK Larry Fink invested $24 million in FTX through a fund of funds it administers, CEO Larry Fink said Wednesday. Although there were some inappropriate actions at…

Kraken, the 3rd-largest digital assets exchange, is laying off 30% of its staff as crypto winter deepens

businessinsider.com Kraken on a phone KONSKIE, POLAND Kraken is laying off 1,100 of its employees, the company said in a blog post Wednesday. The news comes at a difficult time for the…

Sam Bankman-Fried set to give first public interview: Here's what to expect

cbsnews.com The former CEO of FTX Trading will soon give his first lengthy public interview since the cryptocurrency exchangefashion earlier this month. Sam Bankman-Fried is scheduled…

One of the only solvent members of Sam Bankman-Fried's fallen crypto empire is contributing $175 million to FTX bankruptcy proceedings, report says

businessinsider.com Sam Bankman-Fried. Jabin Botsford/Getty Images LedgerX is preparing to make $175 million available to FTX's bankruptcy proceedings, sources told Bloomberg. The company is…

What a Securities Lawyer Would Ask FTX’s Bankman-Fried

coindesk.com As a securities litigator for over 30 years, I have cross-examined a host of conmen and fraudsters. Most of my cases have been concentrated in the financial services field…

SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official

coindesk.com The U.S. Securities and Exchange Commission (SEC) may use the failure of lender BlockFi as an object lesson for why there should be clear oversight of the crypto sector.…

INX submits bid for Voyager Digital's assets

cointelegraph.com Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital. In a Nov. 30 announcement, INX said it…

SBF won't shut up, and it's driving lawyers mad

cnn.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In the weeks since his crypto empire…

'Chrisley Knows Best' stars Todd, Julie Chrisley tax evasion conviction: By the numbers

foxbusiness.com Todd and Julie Chrisley were sentenced to a combined 19 years in federal prison Monday after they were both found guilty in a federal tax evasion case. The "Chrisley Knows…

Broker-Dealer INX Digital Bids to Purchase Voyager Assets

coindesk.com Voyager's July bankruptcy filing in the U.S. Southern District Court of New York was quickly followed by a bidding war for its assets. FTX won that battle, but the bidding…

BlockFi Bankruptcy Follows FTX Implosion

forbes.com Key takeaways - On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion - Ironically, BlockFi lists FTX as its #2…

Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse

forbes.com Key Takeaways - The Gemini exchange had to pause withdrawals after the FTX collapse caused a ripple effect on the cryptocurrency space. - Investors fear that Genesis, the…

Why Bitcoin, Ethereum, and Dogecoin Are Rising Today

fool.com What happened Shares of several of the most prominent and widely known cryptocurrencies rose this morning for no obvious reason as the industry continues to deal with…

Opening Bell: 11.30.22

dealbreaker.com BlockFi lawyer tells bankruptcy court that the priority is to ‘maximize client recoveries’ [CNBC] BlockFi’s lawyers at that hearing expressed optimism that the firm is in…

Sam Bankman-Fried: FTX Would Be More Stable if CZ Stayed Silent

blockworks.co Sam Bankman-Fried, disgraced boss of collapsed crypto exchange FTX, has claimed an extra $4 billion appeared minutes after filing for bankruptcy — money he says could’ve…

FTX Subsidiary LedgerX to Reportedly Put $175 Million in Bannkruptcy Pot

cryptopotato.com LedgerX – one of the companies that remained solvent following the downfall of its parent FTX, is preparing to make millions available for bankruptcy proceedings. According…

5 things to know before the stock market opens Wednesday

cnbc.com Here are the most important news items that investors need to start their trading day: Federal Reserve Chair Jerome Powell is scheduled to speak at the Brookings Institution…

Bitcoin tops $17,000 for the first time in two weeks but analysts don't expect the bounce to stick

cnbc.com Bitcoin topped $17,000 to trade at its highest level since Nov. 8 before paring gains. - One analyst warned that the bounce is likely just a bear market rally and would not…

5 Highlights From BlockFi Bankruptcy Proceedings

blockworks.co BlockFi’s bankruptcy last week marked the latest instance of crypto’s collapse starting to resemble TradFi’s 2008 crisis. More high-flying firms are running out of financial…

FTX Subsidiary Will Release $175 Million For Use During Bankruptcy Proceedings

benzinga.com LedgerX, a subsidiary of FTX Group that also had to seek bankruptcy protection due to its parent company's collapse, will make available $175 million for use in the Chapter…

FTX's Sam Bankman-Fried Says He Made Secret Donations to Republicans

gizmodo.com Sam Bankman-Fried, the founder of FTX, says he donated equally to both Democratic and Republican politicians before his cryptocurrency platform filed for bankruptcy earlier…

FTX Resumes Ordinary Course Payments of Employees and Certain Foreign Contractors

prnewswire.com WILMINGTON, Del., Nov. 28, 2022 /PRNewswire/ -- FTX Trading Ltd. (d.b.a. FTX.com), and approximately 101 additional affiliated companies (together, the "FTX Debtors"), today…

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