#johnjrayiii

  1. FTX claims Bybit, one of world’s largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

    By Leo Schwartz The bankruptcy estate of FTX filed its latest lawsuit on Friday as part of its attempt to make customers whole, suing the crypto exchange Bybit for nearly $1 billion. After FTX collapsed in November 2022 under Sam Bankman-Fried , the new leadership stewarded by John
  2. FTX wants to repay creditors in cash, and the bankrupt crypto exchange wants Mike Novogratz’s Galaxy to help

    By Marco Quiroz-Gutierrez FTX wants to pay back creditors in cold hard cash, in lieu of crypto, and the ailing firm has asked Mike Novogratz’s Galaxy Digital to help get it done, according to a late Wednesday court filing. FTX, which declared bankruptcy in November, said in an Apri
  3. FTX Bankruptcy Battle Turns Ugly As Management And Creditors Clash

    By Murtuza Merchant FTX (CRYPTO: FTT ) management is taking issue with traders and market makers on a principal creditor committee, alleging they are attempting to dominate assets without considering the repercussions for other involved parties . This contention emerged following the
  4. FTX Paying More Legal Fees Than The GDP Of A Small Island

    By Murtuza Merchant The closing down process of cryptocurrency exchange FTX (CRYPTO: FTT ) is anticipated to come with an astronomical price tag as professional fees have already surpassed $200 million, according to a court document submitted on Tuesday by a court-appointed examine