johnrayiii

FTX Entities Paid Bankman-Fried and Other Top Execs More Than $3 Billion Before Collapse

Thu, 03/16/2023 - 10:35

As down-and-out crypto exchange FTX struggles through the miasma of Chapter 11 bankruptcy, seeking to recoup funds needed to make customers and investors whole, the company now says there was around $3.2 billion dolled out to former CEO Sam Bankman-Fried and five other members of his inner circle before the collapse.

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FTX's Nishad Singh Pleads Guilty to Fraud and Conspiracy Charges

Tue, 02/28/2023 - 13:23

Gizmodo

While FTX collapsed just a few months ago, the fallout of the defunct crypto exchange is still developing.

ftx, nishadsingh, sambankman, johnrayiii, Coinbase, demandofitsusers, lewiskaplan

'Nightmare Isn't Over:' Senators Are Hopping Mad and Demanding Answers for the Crypto Collapse

Tue, 02/14/2023 - 10:47

Gizmodo : Economy

Lawmakers from opposing parties disagreed over who and what was truly to blame for a devastating crypto crash that left customers collectively burnout out of billions in losses during a Wednesday Senate Banking Committee hearing.

money, ray, lindajeng, johnrayiii, silvergatecapital, economy, Binance

FTX's 'More Than 1 Million Creditors' Include Netflix, DoorDash, and Airbnb

Thu, 01/26/2023 - 12:35

Gizmodo : Economy

The ongoing Chapter 11 bankruptcy of FTX is still trying to claw back the billions of dollars needed to make customers and investors whole. One problem with this lofty goal is the nearly 10 million FTX customers who still had funds on the exchange before its collapse are apparently being lumped in with FTX employees’…

AirBnB, ftx, DoorDash, netflix, modulocapital, johnrayiii, Credit

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