News with the tag "John Ray III"

The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.

The remaining 15 million FTX shares in Anthropic have been sold for $450 million, with the aim of optimizing creditor repayment.

John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse

A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US.

FTX's stranded customers have expressed frustration with the $175 million settlement agreement that the bankrupt exchange reached with Genesis earlier today.

The committee of unsecured creditors criticized the bankrupt estate's reorganization plan submitted to court in July.

Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III.

At a recent hearing in Delaware, it was announced the now defunct crypto exchange FTX – which fell apart in November of last year – has recovered more than $7.3 billion in assets at the time of writing. This is an increase of more than $800 million since the month of January. FTX Is Trying ... The p...

Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring strategies.” FTX’s Revival Prospects Surface as New CEO Explores Reboo...

John Ray III billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials