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18 hours ago · Bankman-Fried was later convicted of fraud. The case is FTX Trading Ltd., 22-11068, US Bankruptcy Court for the District of Delaware. Most Read from Bloomberg Businessweek
18 hours ago · Why It Matters: The FTX collapse, spurred by alleged misuse of funds by former CEO Sam Bankman-Fried (who is now serving a 25-year prison sentence), left millions facing financial losses.
1 hour ago · Learn more about Bloomberg Law or Log In to keep reading: FTX customers will be asked in the coming weeks to vote on the failed crypto exchange’s multi billion dollar plan for compensating victims whose assets have been locked on the platform since it collapsed.
5 hours ago · It is the fifth-largest crypto chain, with a market value of about $58 billion, according to CoinGecko The chain was favored by former FTX CEO Sam Bankman-Fried, and selling his investment in the ...
9 hours ago · 's former CEO and founder, Sam Bankman-Fried, who is now serving a 25-year prison sentence, was implicated in the mismanagement that led to FTX's downfall. John Ray, FTX's current CEO, emphasized to Reuters that returning deposited cryptocurrencies directly to customers was not feasible due to misappropriation by the previous management.
1 hour ago · FTX said in recent court filings that 98% of its customers will be able to receive full repayment within 60 days of a bankruptcy court approval of its wind-down plan. The faster payment option ...
18 hours ago · By Dietrich Knauth NEW YORK (Reuters) - FTX on Tuesday will ask a judge to allow customers of the bankrupt crypto exchange to vote on a liquidation plan that would pay them back in cash, over the ...
