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2. Top Stories

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     Reuters on MSN.com

     FTX bankruptcy lawyers were not complicit in fraud, report finds

     FTX's bankruptcy lawyers at Sullivan & Cromwell were not complicit in the fraud that caused the crypto company to collapse, a court-appointed examiner concluded on Thursday. Former FTX CEO Sam Bankman-Fried was convicted in November of stealing $8 billion from FTX customers.

     7 hours ago

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     Wall Street Journal

     FTX Examiner Backs Sullivan & Cromwell as Failed Exchange’s Bankruptcy Counsel

     8 hours ago

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     The Financial Times

     Probe finds no ‘error’ in hiring Sullivan & Cromwell for FTX bankruptcy

     8 hours ago

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     Wall Street Journal on MSN.com

     FTX’s Sam Bankman-Fried Being Transferred to New Prison

     24 hours ago

   • news.bloomberglaw

     FTX Bankruptcy Examiner Recommends Probe of LedgerX Deal (1)

     10 hours ago

   View all

3. en.wikipedia.org › wiki › FTXFTX - Wikipedia

   en.wikipedia.org › wiki › FTX

   • Cached

   FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"), is a bankrupt company that formerly operated a fraud-ridden cryptocurrency exchange and crypto hedge fund. The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang. At its peak in July 2021, the company had over one million users and was the third-largest ...

   • Founded: May 2019; 4 years ago
   • Type: Private

   • Industry: Cryptocurrency

4. www.cnbc.com › 2024/05/08 › ftx-bankruptcy-mostFTX bankruptcy: Most customers of crypto firm will get all ...

   www.cnbc.com › 2024/05/08 › ftx-bankruptcy-most

   • Cached

   May 8, 2024 · FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors. Customers whose claims amount to $50,000 or less will receive approximately 118% of the amount of...

5. www.nytimes.com › 2022/11/10 › technologyWhy Did FTX Collapse? Here’s What to Know. - The New York Times

   www.nytimes.com › 2022/11/10 › technology

   Nov 10, 2022 · Things went downhill for FTX after Binance, the world’s largest cryptocurrency exchange, reversed on a deal to save the company.

6. Videos

   • 

     38:37

     youtube.com

     The Collapse Of FTX: Insiders Tell All | CNBC Documentary

     Oct 2, 2023

     3.3M Views

   • 

     6:04

     youtube.com

     The FTX Collapse, Explained | WSJ What Went Wrong

     Nov 14, 2022

     2.1M Views

   • 

     20:11

     youtube.com

     Understanding The Rise And Fall Of FTX, FTT And Alameda Research | Forbes

     Nov 23, 2022

     364.7K Views

   View all

7. www.nytimes.com › 2024/05/08 › businessFTX Customers Poised to Recover All Funds Lost in Collapse

   www.nytimes.com › 2024/05/08 › business

   May 8, 2024 · Customers of the failed cryptocurrency exchange FTX are poised to recover all of the money they lost when the firm collapsed in 2022 and receive interest on top of it, the company’s bankruptcy...

8. apnews.com › article › ftx-crypto-bankman-friedFTX customers to get funds back after catastrophic crypto ...

   apnews.com › article › ftx-crypto-bankman-fried

   • Cached

   May 8, 2024 · FTX was the third-largest cryptocurrency exchange in the world when it filed for bankruptcy protection in November 2022 after it experienced the crypto equivalent of a bank run. CEO and founder Sam Bankman-Fried resigned when the exchange collapsed. In March he was sentenced to 25 years in prison for the massive fraud that occurred at FTX.

9. People also ask

   What is the purpose of FTX?

   • FTX is one of the world’s largest cryptocurrency exchanges. It enables customers to trade digital currencies for other digital currencies or traditional money, and vice versa. It is based in the Bahamas and was run by Mr. Bankman-Fried. It has spent millions of dollars lobbying U.S. legislators to institute crypto-friendly regulation.

   What Happened to FTX? Here’s What to Know. - The New York Times

   www.nytimes.com/2022/11/10/technology/ftx-binance-crypto-explained.html

   See all results for this question

   How much money is missing from FTX?

   • At least one billion dollars of customer funds are missing from failed crypto exchange FTX, according to reporting by Reuters. Sam Bankman-Fried —the founder and CEO of FTX—covertly transferred $10 billion of customer funds from FTX to his own trading company Alameda Research, the outlet reported.

   $1 Billion of FTX Clients’ Money Has Reportedly Disappeared

   www.thedailybeast.com/dollar1billion-of-ftx-client-funds-is-missing-after-crypto-collapse-as-elon-musk-weighs-in-on-sam-bankman-fried

   See all results for this question

   What caused FTX to collapse?

   • FTX, backed by elite investors like BlackRock and Sequoia Capital, rapidly became one of the biggest crypto exchanges in the world. Its collapse was preceded by the decision to lend billions of dollars’ worth of customer assets to fund risky bets by Alameda, Bankman-Fried’s crypto hedge fund, The Wall Street Journal reported on Thursday.

   FTX collapse: The latest updates on the cryptocurrency crisis | CNN ...

   www.cnn.com/2022/11/14/business/ftx-crypto-collapse-updates-hnk-intl/index.html

   See all results for this question

   What happened to FTX?

   • The cryptocurrency exchange FTX has filed for bankruptcy amid revelations that it lent billions in customer assets to an affiliated trading firm called Alameda Research. Now its owner—a prominent Democratic donor and supporter of cryptocurrency regulation—is reportedly under criminal investigation.

   Bankrupt Crypto Exchange FTX Under Investigation

   reason.com/2022/11/14/bankrupt-crypto-exchange-ftx-under-investigation/

   See all results for this question

10. www.cnn.com › 2024/05/08 › businessCollapsed FTX says it can pay most creditors back in full

    www.cnn.com › 2024/05/08 › business

    • Cached

    May 8, 2024 · FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan.

11. www.nytimes.com › 2023/10/20 › technologySam Bankman-Fried’s Trial Reveals New Details of How FTX Died ...

    www.nytimes.com › 2023/10/20 › technology

    Oct 20, 2023 · Less than a year later, Mr. Bankman-Fried, 31, is on trial in federal court in Manhattan, fighting criminal charges that he stole more than $8 billion from FTX customers. The company is bankrupt...