In this week's “Weekly Recap,” NLW looks at the latest from the FTX bankruptcy estate and stirrings that Democrats in Congress aren't fond of SEC Chair Gary Gensler's regulatory methods.
In short order, crypto exchange FTX went from a $32 billion valuation to bankruptcy and its founder went from a praised wunderkind to a disgraced figure accused of massive fraud. Sam Bankman-Fried ...
A look at the FTX’s leaked balance sheets and some curious business interlinking will throw further light on this. For context, the FTX founder and CEO also set up a quantitative trading firm ...
Before FTX's bankruptcy, Mr Wang said he and Mr Bankman-Fried discussed the steadily growing hole on the firm's balance sheet, created by massive withdrawals of customer funds by Alameda.
FTX entered bankruptcy in November 2022 following revelations unearthed by CoinDesk about balance sheet irregularities between the exchange and Alameda. Bankman-Fried was sentenced to 25 years in ...
The revelation that FTX was using FTT as collateral on its balance sheet caused great concern due to the concentration risk and volatility of FTT. Customers and investors became skeptical about ...
Ray III to the court – including testifying against his childhood-friend in Bankman-Fried’s trial last October, he admitted ...
Yesterday, the morning session was dominated by discussion of balance sheets, which Ellison says were manipulated to paint a sunnier picture of the financial condition of FTX and Alameda.
In Brief Excessive leverage, deficient collateral, volatile pricing, and a liquidity crunch contributed to the downfall of ...
FTX is suing Binance and its former CEO ... Alameda Research “may have been insolvent from inception and certainly were balance-sheet insolvent by early 2021,” the estate said in the filing.