John J.Ray News
19.12 / 23:03
CFTC
SEC
Fried
Sam
Extradition
Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation.
14.12 / 11:55
CFTC
regulation
SEC
Bahamian securities regulator slams new FTX CEO over 'misstatements'
The Securities Commission of Bahamas has slammed the current CEO of bankrupt crypto exchange FTX John J. Ray III for his statements regarding the ongoing investigation into FTX.
13.12 / 16:53
business
Law
Court
Bahamas reportedly asked SBF to mint new coin after FTX collapse
The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials.
13.12 / 14:57
regulation
Congress
Bankruptcy
SBF planned to blame everyone but himself, shows leaked Congress testimony
Former FTX CEO Sam Bankman-Fried, also known as SBF, was arrested on Dec 12, a day before he was set to testify before Congress remotely. A copy of his testimony, obtained by Forbes, highlights that the disgraced CEO planned to blame the spectral downfall of his $32 billion empire on everyone but himself.
05.12 / 12:13
FTX’s bankruptcy triggers global squabbles over ownership and control of crypto firm’s assets
The collapse of cryptocurrency exchange FTX has opened a hornet’s nest of squabbles between foreign governments and its new US chief executive, John J. Ray III.
24.11 / 09:31
cryptocurrency
World News
Metaverse
FTX
accounting
First accounting firm with HQ in metaverse is sued over FTX meltdown
An accounting firm that touts itself as the first to open its headquarters in the metaverse was accused in a lawsuit of turning a blind eye to a pattern of racketeering at FTX, the cryptocurrency exchange that collapsed causing billions of dollars in losses.
23.11 / 13:39
21.11 / 01:49
business
Blockchain
FTX
Bankruptcy
creditors
FTX owes over $3 billion to its 50 biggest creditors: Bankruptcy filing
According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was submitted through the United States bankruptcy court for the district of Delaware, was filed as part of the company’s Chapter 11 bankruptcy proceedings.
20.11 / 11:03
business
regulation
Fraud
Bankruptcy
Bankrupt crypto
Bankrupt crypto exchange FTX begins strategic review of global assets
As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets. The review is an attempt to maximize recoverable value for stakeholders.
19.11 / 11:03
business
cryptocurrency
World
safe
Customers
After FTX, crypto exchanges struggle to convince customers they’re safe
Moves by cryptocurrency exchanges to reassure markets about their stability are having little effect on jittery users, who keep pulling funds from the venues.
19.11 / 06:45
business
FTX
Congress
information
FTX leadership pressed for information by US subcommittee chairman
The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been pressed by the chair of a United States House subcommittee calling for documents relating to the exchange's finances.
17.11 / 22:13
Career
‘A complete failure of corporate controls’: Six takeaways from FTX’s latest bankruptcy filing
The new bosses of Sam Bankman-Fried's failed crypto empire FTX have submitted their first report on the state of play at the group - and it doesn't make for pretty reading.
17.11 / 09:57
FTX
Fried
Sam
FTX Bankruptcy Filing Was A Mistake, Says CEO Sam Bankman-Fried
Regulators make everything worse, Sam Bankman-Fried said.(File)
17.11 / 03:31
business
Twitter
FTX
Bankruptcy
FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets
The new CEO and chief restructuring officer for the bankrupt FTX cryptocurrency exchange, John Ray, has icily responded to the erratic series of tweets from former CEO and founder Sam Bankman-Fried.
15.11 / 15:07
CEO
Enterprise
New FTX CEO draws on Enron experience to tackle the biggest bankruptcy in crypto history
The executive tapped to lead FTX through the biggest cryptocurrency bankruptcy in history has helped recover billions of dollars for creditors of Enron, Nortel Networks and other major companies that have collapsed over the last two decades.
11.11 / 18:45
UPS
Provident
Binance
Fried
FTX files for US bankruptcy protection; Bankman-Fried quits
Bankman-Fried is being replaced by John J Ray, who says: "The immediate relief of Chapter 11 is appropriate to provide FTX Group the opportunity to assess its situation and develop a process to maximise recoveries for stakeholders."Bankman-Fried has been scrambling to find a rescue package for his firm over the last week as it faced up to a liquidity crunch as customers rushed to withdraw funds,The company struck a takeover deal with rival Binance but that quickly fell through when due diligence showed up a massive financial black hole. In the days since, it has been trying to raise more than $9 billion from investors.FTX is also facing regulatory heat, with the SEC and CFTC both investigating it in the US.
11.11 / 18:29
Provident
CEO
Action
FTX
Crypto Prices Crash as FTX Declares Bankruptcy, SBF Resigns - Winners and Losers
FTX's desperate scramble for investors to repair its balance sheet has ended in bankruptcy.
11.11 / 18:29
Twitter
Dash
CEO
USDT
Fried
Sam
Breaking: FTX US Files for Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns, Crypto Prices Crash Instantly
In a statement posted on the official FTX Twitter account, the firm announced that they had commenced voluntary Chapter 11 bankruptcy proceedings. The news comes despite efforts by founder Sam Bankman-Fried (SBF) to raise funding to plug the $9.4 billion hole left by fund mismanagement.
11.11 / 17:37
Fried
Sam
Sam Bankman-Fried quits as FTX files for bankruptcy: How the crypto giant collapsed after 10 days of mayhem
Fallen crypto mogul Sam Bankman-Fried has resigned from his crisis-stricken firm FTX, as the company files for bankruptcy.
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