November 22, 2022
Appearing for the first time in Delaware bankruptcy court 11 days after commencing Chapter 11 cases, cryptocurrency exchange FTX Trading Ltd. said it is aiming to implement robust internal controls and to straighten out the mess of its financial records.
November 21, 2022
As bankrupt cryptocurrency exchange FTX Trading Ltd. prepares to make its first appearance in a Delaware bankruptcy court Tuesday, the company filed a consolidated list of creditors that shows its 10 largest claimants are customers owed a combined $1.4 billion.
November 18, 2022
The "internal controls wasteland" that was FTX may prove to be the biggest corporate governance failure of all time, legal experts told Law360, but they pondered the role regulation could have played in containing the collapse.
November 17, 2022
FTX's new CEO John R. Ray III, who shepherded Enron after its spectacular collapse, said in a court filing Thursday that the crypto exchange's downfall stemmed from an unprecedented "failure of corporate controls," the likes of which he had never seen before in his career.
November 15, 2022
Bankrupt cryptocurrency exchange FTX Trading Ltd. said in Delaware court filings that it will engage with American and international regulators in the wake of its collapse and bankruptcy filing, with founder Sam Bankman-Fried tweeting Tuesday that he intends to meet with them face-to-face.