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FTX bankrupt

Lawsuits Pile Up at End of Digital Asset Markets’ Rough 2022

December 29, 2022 by Mars1

2022 was generally a rough year for digital asset markets. In May, the Terra stablecoin depegged, causing the Terraform Labs ecosystem to disintegrate (and Do Kwon is still on the run as of 12/28/2022). This caused a domino effect leading to the bankruptcy of some large organizations and left others scrambling for bailouts. For a … [Read more…]

Posted in: Cryptocurrencies Tagged: FTX bankrupt, FTX bankruptcy, FTX lawsuit

FTX Bankruptcy Judge Approves Redaction of FTX Creditors

November 22, 2022 by Mars1

The presiding judge in the FTX bankruptcy case, John Dorsey, approved FTX’s request to redact its creditors. A legal team representing FTX’s unsecured creditors supported FTX’s request, citing privacy reasons. The legal team for the unsecured creditors said that exposing their identities could discourage investors from participating in the bankruptcy process and harm their ability … [Read more…]

Posted in: Cryptocurrencies Tagged: FTC bankruptcy hearing, FTX bankrupt, FTX bankruptcy

Sam Bankman-Fried Steps Down as FTX CEO as FTX Declares Bankruptcy

November 12, 2022 by Mars1

FTX capped a rough week for crypto by filing for Chapter 11 bankruptcy in a United States court. Sam Bankman-Fried also stepped down as FTX’s CEO. The public drama this week started when Binance CEO Changpeng Zhao announced that it was going to dump its FTT holdings. FTT is FTX’s native token and could be … [Read more…]

Posted in: Cryptocurrencies Tagged: FTX bankrupt, Sam Bankman Fried bankrupt, Sam Bankman-Fried FTX, Sam Bankman-Fried resigns from FTX

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