Even as founder Sam Bankman-Fried faces criminal and civil charges, FTX’s new CEO is already pondering a reboot. Last November, crypto giant FTX collapsed in spectacular fashion, bringing comparisons to the downfall of Lehman Brothers and criminal charges against founder and former CEO Sam Bankman-Fried. Now, five months later, the company is looking at the possibility of starting up again.Read Full Story

Topics:  last november   ftx   lehman brothers   ceo sam   read full story   sam   bankman-fried   ceo   collapsed   crypto   charges   criminal   founder   
BING NEWS:
  • News Explorer — Collapsed Crypto Exchange FTX Reveals Repayments Timeline
    FTX, the collapsed cryptocurrency exchange, plans to start repaying creditors and customers in early 2025, following the approval of its reorganization plan. The initial distribution of repayments is ...
    12/16/2024 - 5:28 am | View Link
  • FTX co-founder Gary Wang avoids prison time for role in crypto fraud
    becoming the fifth and final ex-employee of the collapsed crypto exchange to be punished. Wang was also ordered to forfeit $11 billion, the same as the other co-defendants. Wang, who took the ...
    11/19/2024 - 10:04 pm | View Link
  • FTX: Collapsed crypto giant recovers over $5bn of assets
    Collapsed cryptocurrency exchange FTX has located more than $5bn (£4.1bn) of assets, an attorney for the firm says. However, a US bankruptcy court was told on Wednesday that the extent of losses ...
    12/16/2023 - 10:33 pm | View Link
  • FTX: Collapsed crypto exchange says $415m was hacked
    Collapsed cryptocurrency exchange FTX says that around $415m (£338m) of crypto has been stolen by hackers. About $323m was hacked from its international exchange and $90m from its US platform ...
    12/16/2023 - 10:33 pm | View Link
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