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Nalezeno "john ray": 35

FTX CEO hints Nishad Singh should remain free to assist bankruptcy case

30.10.2024
John Ray, who took over as FTX CEO in November 2022, suggested Nishad Singh’s cooperation in the firm’s bankruptcy would be “important to maximize recovery” for creditors

FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer

28.10.2024
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month

FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray

21.3.2024
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse

FTX customers could get $9B shortfall claim payout by mid-2024

17.10.2023
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US

SEC initiates legal action against FTX's auditor

1.10.2023
The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence

FTX Fires Back at Creditors 'Willing to Gamble Estate Assets on Higher Returns'

10.8.2023
The committee of unsecured creditors criticized the bankrupt estate's reorganization plan submitted to court in July

FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership

2.8.2023
On July 31st, under its new CEO, John J. Ray III, the bankrupt cryptocurrency exchange FTX Trading Ltd. submitted a draft plan to "reboot" the collapsed crypto exchange. The proposal was unveiled on Monday, presenting FTX.com claimants with the option to hold equity securities, tokens, or other...

FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case

24.7.2023
Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too

FTX suspends $500M sale of stake in AI firm Anthropic: Report

28.6.2023
Multiple buyers were reportedly eyeing up FTX’s stake in the AI firm that was being sold off to recover funds for creditors

Under New Leadership, FTX Recoups $7 Billion Amid Recovery Efforts

27.6.2023
The new leadership team at FTX has recouped approximately $7 billion in liquid assets as the exchange continues recovery efforts. The company has revealed that it has made “substantial progress” in securing assets, recovering as much as $7 billion in liquid assets so far. The exchange owed...

FTX splurged on cartoon, book about humans and 'Pineapple House,' alleges CEO

27.6.2023
Thousands in grants were given out by former FTX executives for niche projects, according to a report by FTX restructuring chief John Ray

FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B

26.6.2023
Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III

Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal

23.5.2023
Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring strategies.” FTX’s Revival Prospects Surface...

FTX CEO's Legal Billings Continue to Hint at '2.0 Reboot'

23.5.2023
John Ray III billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials

FTX Recovers $7.3 Billion in Assets, Considers Rebooting Exchange in Q2 This Year

13.4.2023
FTX is considering rebooting its platform amid reports that the bankruptcy team has managed to stabilize the situation and recover a huge portion of the missing assets. The now-defunct crypto exchange has recovered over $7.3 billion in cash and liquid crypto assets, an $800 million increase from...

FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management

10.4.2023
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled...