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  2. FTX - Wikipedia

    en.wikipedia.org/wiki/FTX

    FTX Trading Ltd., trading as FTX (Futures Exchange), [5] is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. [6] [7] The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and collapsed in 2022 after massive fraud perpetrated by Bankman-Fried and his partner Caroline Ellison forced the company to file for Chapter 11 bankruptcy.

  3. Bankruptcy of FTX - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_of_FTX

    The bankruptcy of FTX, a Bahamas-based cryptocurrency exchange, began in November 2022. The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, [1] served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over ...

  4. NEW YORK (Reuters) -FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading ...

  5. Sam Bankman-Fried - Wikipedia

    en.wikipedia.org/wiki/Sam_Bankman-Fried

    Samuel Benjamin Bankman-Fried [2] (born March 5, 1992), commonly known as SBF, [3] is an American entrepreneur who was convicted of fraud and related crimes in November 2023. . Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a "poster boy" for crypto, [4] with FTX having a global reach with more than 130 international affiliates.

  6. Column: Suing to recover billions, FTX's receiver discloses ...

    www.aol.com/news/column-suing-recover-billions...

    The receivers say Crypto.com is holding $11.4 million in FTX funds that had been deposited with the exchange under a false name in order to conceal FTX's involvement in trading on outside ...

  7. Crypto exchange FTX ordered to pay $12.7 billion to ... - AOL

    www.aol.com/news/crypto-exchange-ftx-ordered-pay...

    The CFTC settlement requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement, which will be used to further compensate victims for losses suffered during the exchange's ...

  8. FTX co-founder gets no prison time after cooperating in case ...

    www.aol.com/ftx-co-founder-gets-no-164354408.html

    FILE - Gary Wang, co-founder and former chief technology officer of FTX Cryptocurrency Derivatives Exchange exits the Manhattan federal court after testifying on Oct. 10, 2023, in New York.

  9. FTX sues Binance and former CEO Zhao for $1.8 billion ...

    www.aol.com/finance/ftx-sues-binance-former-ceo...

    The estate of defunct crypto exchange FTX filed a suit against Binance and its former CEO ChangPeng Zhao seeking to recoup almost $1.8 billion FTX alleges was “fraudulently” transferred to ...

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