John J.Ray News

17.12 / 01:43

markets Provident CEO Kraken BitGo wellness Bitcoin FTX To Begin Repaying Customers in Early 2025—What You Need To Know

More than two years after the collapse of cryptocurrency exchange FTX, some of its customers will start getting their money back early next year.

08.08 / 18:25

Digital CEO Sustainability Southern Research Trade Courts Alameda, FTX Ordered To Pay $12.7 Billion To Creditors

The Sam Bankman-Fried founded FTX and its sister company Alameda Research have been ordered by a New York judge to pay $12.7 billion to creditors, effectively ending a nearly two years long lawsuit from the Commodities Futures Trading Commission (CFTC).

07.06 / 18:59

FTX bankruptcy FTX creditors NOT FTX Creditors File Objection To Bankruptcy Reorganization, Not In Debtors’ “Best Interests”

FTX creditors have filed a June 5 objection to the crypto exchange’s repayment plan on the grounds that the FTX bankruptcy estate’s proposal does not work in favor of their “best interests.”

08.05 / 19:17

UPS Provident Nov Trade Bitcoin Courts Customers FTX's New Plan Could Give 98% of Crypto Customers Back More Than They Lost

Bankrupt cryptocurrency exchange FTX announced a new restructuring plan that, if approved, could finally give most of its customers access to money they lost—plus interest.

23.04 / 08:01

FTX bankruptcy FTX creditors FTX Estate Set To Auction Locked Solana Tokens, Figure CEO Mike Cagney Says

Figure CEO Mike Cagney alleged in a Saturday X post that the FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens.

21.03 / 00:41

CEO Trade Celebrity Bitcoin show Courts rights NOT FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false

22.01 / 20:41

Grayscale GBTC Alameda Research Drops Lawsuit Against Grayscale Amid GBTC Outflows

Alameda Research Ltd., the hedge fund associated with the bankrupt cryptocurrency exchange FTX, has voluntarily dropped its lawsuit against Grayscale Investments amid GBTC outflows. According to court filings from January 22, Alameda opted out of suing Grayscale, its CEO Michael Sonnenshein, its parent company Digital Currency Group’s (DCG), and founder Barry Silbert over a ban on Grayscale’s Bitcoin Trust (GBTC) redemptions. The lawsuit, filed in March 2023, alleged that over $9 billion in investor funds were trapped in Grayscale’s Bitcoin Trust (GBTC) after the collapse of FTX.

14.11 / 17:51

CEO Fallout exclusive reports donates Joe Bankman’s Legal Troubles: Fallout from Son’s FTX Conviction

Though disgraced FTX boss Sam Bankman-Fried (SBF) has already lost in court, the crypto mogul’s law professor parents – Joe Bankman and Barbara Fried – may also face charges for abetting their son’s megalithic fraud.

12.11 / 10:03

business Law FTX Bankruptcy FTX files billion-dollar lawsuit against ByBit over asset withdrawals

The FTX bankruptcy estate, headed by CEO John J. Ray III, has filed a lawsuit against ByBit, its investment arm Mirana, and various executives. The aim is to recover funds and digital assets that ByBit withdrew from FTX just before its collapse, with the current value close to $1 billion.

20.10 / 18:41

UPS CEO Nov Experts Bitcoin Customer Why FTX's Plan To Refund 90% of Recovered Assets Doesn't Add Up To 90% of Customer Losses

Failed crypto exchange FTX has announced an updated plan for sending 90% of distributable funds—money it has recovered—to former customers in its bankruptcy proceedings, but that doesn't necessarily mean they will get back 90% of the money they lost.FTX is expected to file the proposal in a U.S. bankruptcy court by Dec. 16.

17.10 / 21:01

cryptocurrency Altcoins Investing FTX Crypto investing Best Crypto to Buy Now October 17 - Solana, Bitcoin SV, ApeCoin

A proposed settlement filed on October 16 could see FTX customers receive the majority of their lost funds by the second quarter of 2024.

17.10 / 09:17

FTX FTX bankruptcy 2024 Customers FTX Customers May See 90% Asset Return by Q2 2024 in Amended Proposal

Customers of the now-bankrupt cryptocurrency exchanges FTX and FTX.US are looking forward to the possibility of reclaiming more than 90% of their assets as part of an amended proposal.

03.10 / 18:13

Hack FTX 500 Suspicious Activity: FTX Hacker Moves 22,500 ETH Worth $37 Million – What's Going On?

In a series of concerning transactions, the hacker or group of hackers believed to be behind last year’s infamous FTX hack has moved millions of dollars’ worth of stolen crypto.

01.10 / 03:29

Law regulation FTX Court SEC initiates legal action against FTX's auditor

The United States Securities and Exchange Commission (SEC) has commenced legal proceedings against an accounting firm that had provided services to cryptocurrency exchange FTX prior to its bankruptcy declaration.

09.09 / 17:51

FTX recovery FTX Advisors Investigate Recovery of Pre-Collapse Payments to Shaq, Naomi Osaka, and More

FTX Group advisers are investigating the possibility of reclaiming millions of dollars paid to celebrities, including Shaquille O'Neal and Naomi Osaka, for their endorsements of Sam Bankman-Fried's cryptocurrency platform before its collapse.

24.08 / 18:49

COST UPS Digital Coindesk FTX creditors Costs FTX Bankruptcy: Daily Legal Costs Mount to $1.5 Million, Raising Concerns Among Creditors

The FTX bankruptcy saga has taken an alarming turn as daily legal expenses surge to a staggering $1.5 million, with creditors now sounding the alarm.

24.08 / 13:21

FTX Galaxy Digital Holdings Crypto Holdings FTX Teams Up with Galaxy to Strategically Manage Crypto Holdings Amid Bankruptcy

Now-defunct crypto exchange FTX has hired crypto firm Galaxy to handle its cryptocurrency holdings through selling, staking, and hedging.

10.08 / 13:59

business Blockchain Law FTX FTX debtors FTX debtors and UCC clash over asset control in restructuring

FTX debtors led by chief restructuring officer John J. Ray III have expressed disapproval of traders and market makers within the Official Committee of Unsecured Creditors (UCC) who are aiming to gain authority over assets. They believe the UCC’s plan to invest nearly $2.6 billion in cash reserves in short-term Treasuries is a bad idea amid FTX 2.0 draft restructuring plan.

10.08 / 10:21

CEO show consultation FTX Rebuts Creditor Panel’s Statement on Lack of Consultation - Here’s the Latest

The lawyers of the bankrupt crypto exchange FTX which filed for a Chapter 11 in November and collapsed thereafter, have filed a response to the creditor panel’s draft reorganization plans, disapproving the committee’s claims on FTX’s lack of engagement.

03.08 / 05:03

MET CEO Kraken voice Inside Kraken Co-founder Jesse Powell Voices Concerns About FTX 2.0

The revival plans of crypto exchange FTX have been met with skepticism from industry insiders, with Jesse Powell, co-founder of Kraken, raising concerns about the feasibility of FTX 2.0's aspirations.

02.08 / 00:33

FTX Bankruptcy FTX Token FTT FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership

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.

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