After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital.
Tag Archives: Bankruptcies
Genesis, a Crypto Lending Firm, Files for Bankruptcy
Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried.
In Hunt for FTX Assets, Lawyers Locate Billions in Cash and Crypto
Lawyers for FTX have identified cash and digital assets that would go toward repaying customers and lenders of the collapsed exchange.
Sam Bankman-Fried Makes First Detailed Response to Fraud Charges
The disgraced founder of the crypto exchange FTX denied that he stole anyone’s money and said customers could still get their deposits back.
Bed Bath & Beyond Warns of Possible Bankruptcy
The home goods retailer said weak sales and slower foot traffic had forced it to consider options for restructuring, including bankruptcy.
Sam Bankman-Fried Pleads Not Guilty to Fraud and Other Charges
The founder of the collapsed cryptocurrency exchange FTX, who was released on a $250 million bond, returned to New York to appear in court on Tuesday.
They Were Promised an End to Homelessness. Now They Face Eviction.
A Harlem building beckoned a group of families desperate for a home, only to serve them another cruel twist.
Restaurateur, Political Donor, Tipster: The Many Roles of FTX’s Ryan Salame
The co-chief executive of an FTX unit who told regulators about wrongdoing at the exchange was a big Republican donor. He also bought restaurants.
Sam Bankman-Fried’s Parents Under Scrutiny in FTX Collapse
The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business.
Sam Bankman-Fried Agrees to Testify Before House Committee
The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
Small Investors Who Jumped Into Crypto on FTX Say, Now What?
Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
The Crypto Industry Struggles for a Way Forward After FTX Collapse
The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.
How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.
Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence. Now those efforts are reeling.
Sam Bankman-Fried Interview: Read the Transcript
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.
Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse
Mr. Bankman-Fried spoke at The New York Times’s DealBook conference, in his first public appearance since his crypto exchange imploded.
‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange.
BlockFi Files for Bankruptcy as FTX Fallout Spreads
BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.
Caroline Ellison, who ran the cryptocurrency trading firm Alameda Research, has found herself at the center of Sam Bankman-Fried’s collapsed crypto empire.
Inside Sam Bankman-Fried’s Quest to Win Friends and Influence People
In just three years, the FTX co-founder built a massive operation to woo politicians, regulators and nonprofits to support his crypto goals.
Genesis, the Troubled Crypto Lender, Hires a Restructuring Adviser
The firm has been under pressure from its creditors since the crypto exchange FTX began to unravel this month.
FTX Assets Still Missing as Firm Begins Bankruptcy Process
A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday.
Sam Bankman-Fried, The Man Who Was Supposed to Save Crypto
The spectacular rise and fall of Sam Bankman-Fried and FTX.
How Alameda, FTX’s Sister Firm, Brought the Crypto Exchange Down
Alameda Research was Sam Bankman-Fried’s first company. He built FTX partly to help Alameda’s trading business. Then things got out of control.
New FTX CEO Calls the Crypto Exchange’s Corporate Control a ‘Complete Failure’
“This situation is unprecedented,” said John J. Ray III, who helped manage Enron after its collapse in an accounting fraud scandal in 2001.
FTX’s In-House Performance Coach Is Just as Surprised as You Are
George K. Lerner, a psychiatrist who has worked at the collapsed crypto exchange FTX since last year, said he had no knowledge of wrongdoing at the firm.
FTX, Collapsed Crypto Exchange, Could Owe More Than 1 Million Creditors
In a court filing on Monday, the cryptocurrency exchange said it was in touch with “dozens” of regulators across the world.
How Sam Bankman-Fried’s FTX Crypto Empire Collapsed
Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.
Investors Who Put $2 Billion Into FTX Face Scrutiny, Too
Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached.
Embattled Crypto Exchange FTX Files for Bankruptcy
The announcement capped a stunning week that has sent shock waves through the crypto industry.
As the Fed Raises Rates, Worries Grow About Corporate Bonds
Executives, analysts and bond traders are all wondering if corporate finance is about to unravel as interest rates rise.
They Lost Crypto in the Crash. They’re Trying to Get It Back.
In a frenzied effort, investors are trying to recover lost funds from Celsius Network, a crypto firm that imploded this summer.
The Rajapaksa Family Promised Sri Lanka Prosperity, but Brought Destitution
The Rajapaksas fall, and take Sri Lanka with them.
New Mexico Archdiocese to Settle Sex Abuse Claims for $121.5 Million
The settlement announced by the Archdiocese of Santa Fe is among the largest of its kind involving the Catholic Church in the United States.
Facing Judgment, Alex Jones Pleads for Help From the ‘Deep State’
Scrambling to shield a fortune built on misinformation, the Infowars broadcaster is seeking legal protection from the federal government he scorns.
Alex Jones’s Infowars Files for Bankruptcy
The conspiracy theorist and his companies are facing lawsuits over his false claims about the Sandy Hook school shooting.
A Producer Seeks a Broadway Comeback, Mired in Offstage Drama
With the musical “Paradise Square” preparing to open Sunday, Garth Drabinsky is hoping to re-establish himself after serving time in a Canadian prison for fraud.
‘You Murdered My Daughter’: Relatives of OxyContin Victims Confront the Sacklers
It was the first time, after years of lawsuits, that the family that owns Purdue Pharma was forced to hear directly from families who had lost loved ones to addiction.
Sacklers and Purdue Reach Settlement as Opioids Crisis Continues
The agreement brought holdout states on board, and would settle thousands of lawsuits over the company’s and family’s roles in the opioid epidemic. The Sacklers agreed to pay an extra billion dollars.
Kohl’s Receives $9 Billion Offer Backed by Activist Investor
The offer comes as the retailer, like other brick-and-mortar stores, struggles with supply chain problems and competition from online sites.
How Being Sick Changed My Health Care Views
A chronic illness made me more left-wing and more libertarian at once.
Judge Approves Deal to Resolve Puerto Rico Bankruptcy
The plan restructures $33 billion in debt nearly five years after Puerto Rico became the first U.S. state or territory to essentially declare bankruptcy.
Boy Scouts $2.7 Billion Settlement Plan at Risk of Failing
Of the tens of thousands of Boy Scouts victims who voted on a settlement plan, 73 percent supported it, just below a critical threshold of 75 percent.
Toys ‘R’ Us Tries to Come Back, Four Years After Bankruptcy
The retailer, which had closed all its U.S. stores, has resurfaced at the American Dream mall in New Jersey, just in time for the holidays.
China Evergrande Makes Payment to Dodge Default, Media Says
The troubled property giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.
Johnson & Johnson Subsidiary Seeks Bankruptcy Protection to Handle Talc Product Claims
The company said the Chapter 11 bankruptcy filing was intended to resolve current and future claims that its products cause cancer.
PG&E Faces Criminal Charges Over California Wildfire
Charges including manslaughter arise from a blaze that killed four last year. A state inquiry said the utility’s power lines were involved.
China Evergrande Bond Payment Remains Uncertain
A payment on China Evergrande’s dollar-denominated bonds was due Thursday. By the end of the business day in New York, the company had still not said publicly whether it made the payment or planned to.
U.S. Seeks to Block Bankruptcy Plan That Would Free Sacklers From Opioid Claims
The Justice Department has been appealing the deal, approved earlier this month.