FTX
US stocks: Five things to know about Anthropic
Founded by former OpenAI researchers, Anthropic has grown into a major AI company backed by Amazon, Alphabet, Microsoft and Nvidia. As the Claude developer prepares for a landmark IPO, its safety-focused philosophy, unconventional roots and clash with the Pentagon are drawing renewed scrutiny.
A family office with $36 billion took on $160 billion of exposure, and its founder got 18 years in prison
Sung Kook 'Bill' Hwang received an 18-year prison sentence for his involvement in the Archegos Capital Management collapse. The firm’s failure resulted in over $10 billion in losses for major banks. Prosecutors previously sought a 21-year sentence and over $12 billion in financial penalties from Hwang. During sentencing, the judge compared Hwang's actions to those of Sam Bankman-Fried from FTX.
FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion
FTX expects U.S. gov claims in bankruptcy to decrease to $3-5 billion, leaving no money for shareholders. Founder's false claims about harm caused by FTX's collapse contradicted.
FTX reaches settlement with BlockFi, may pay up to $874 million
FTX and BlockFi have reached a settlement, awaiting court approval. FTX will pay BlockFi up to $874 million due to the bankruptcy and misuse of customer funds. Alameda Research, the cryptocurrency market, and Robinhood's shares were involved in the dispute.
Crypto exchange FTX to sell shares in AI startup Anthropic
FTX invested $500 million in Anthropic in 2021, and currently holds a 7.84% stake in the company, according to court documents. The company had sought permission to sell the shares as part of its court-supervised effort to liquidate its assets and repay customers who lost access to their accounts when the company collapsed in 2022.
FTX abandons efforts to restart its crypto exchange
FTX has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild the FTX exchange, FTX attorney Andy Dietderich said at a bankruptcy court hearing in Delaware.
FTX resolves dispute with Bahamian liquidators
FTX and FTX Digital Markets have agreed to pool their assets and harmonise their approach to valuing customer claims to ensure equal treatment for customers in either country's insolvency process.
FTX sues founder Sam Bankman-Fried's parents
FTX's lawsuit alleges that Bankman and Fried accepted a $10-million cash gift and a $16.4-million luxury property in the Bahamas from FTX, even as the company teetered on the brink of collapse. Bankman and Fried also pushed FTX to make tens of millions of dollars in charitable contributions, including to Stanford University, FTX said.
FTX sues Sam Bankman-Fried, others to recoup more than $1 billion
FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt.
FTX accuses ex-lawyer of aiding Bankman-Fried's fraud, silencing whistleblowers
The complaint, filed on Tuesday in US Bankruptcy Court in Delaware, describes Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda Research, as a "fixer" for Bankman-Fried and other FTX executives who enabled the "wholesale raiding" of customer funds.
FTX US judge expresses doubts about parallel Bahamian bankruptcy
Liquidators for FTX Digital Markets, the exchange's Bahamas-based subsidiary, have asked US Bankruptcy Judge John Dorsey to let them seek a ruling from the Bahamas Supreme Court that their company controlled FTX.com's crypto exchange for international customers.
FTX gets approval for $50-million LedgerX sale, asserts $3.9-billion Genesis claim
As part of that broader effort, FTX on Wednesday said it would seek repayment of nearly $4 billion from Genesis Global Capital (GGC), the bankrupt lending arm of crypto firm Genesis.
FTX reaches deal to recover over $400 million from hedge fund Modulo
Bahamas-based Modulo agreed to pay $404 million in cash and give up its claim to $56 million in assets held on FTX's crypto exchange, according to a filing in U.S. bankruptcy court in Delaware.
FTX sues Voyager Digital to claw back $446 million in 2022 loan payments
FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager's bankruptcy preceded FTX's filing by four months.
FTX seeks court rulings on asset sales, customer privacy
FTX will ask US Bankruptcy Judge John Dorsey in Delaware to approve procedures for selling affiliates LedgerX, Embed, FTX Japan and FTX Europe as a way of raising funds for customers, who have lost potentially billions of dollars.
FTX says Bahamas regulators hold $296 million, not $3.5 billion of company's assets
FTX has been at odds with Bahamian officials ever since filing for bankruptcy protection on Nov. 11. The Bahamian officials have asked for access to FTX's records to assist with the liquidation of FTX DM, but FTX's U.S. bankruptcy team said they do not trust Bahamian officials with that information.
FTX bankruptcy lawyers say they 'do not trust' Bahamas government
Liquidators of FTX's Bahamian business, FTX Digital Markets, had asked US Bankruptcy Judge John Dorsey to give them access to the US unit's Slack, Google and Amazon Web Services accounts and data.
Smartkarma Research: FTX Fallout - A Quick Update
On November 14, the Company filed a motion in the Delaware court to allow FTX to modify creditor list requirement from top 20 creditor list to a top 50 creditor list given over 100,000 creditors, to be submitted by November 18. The list of the largest creditors (top 50) is highly anticipated by the market.
Here's what FTX's investors have to say
Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers are trying to limit losses, while FTX chief executive, Sam Bankman-Fried is coming under scrutiny.
Load More
