News with the tag "john ray"

John Ray, who took over as FTX CEO in November 2022, suggested Nishad Singh’s cooperation in the firm’s bankruptcy would be “important to maximize recovery” for creditors.

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 FTX bankruptcy estate has been involved in several asset liquidations over the past year, as they seek to fully reimburse former customers of the now-defunct exchange. In the latest development in the ongoing proceedings, the estate has sold the last part of its shares in the artificial intellig...

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

As the FTX saga unfolds, it’s turning into a Hollywood-worthy script, minus the popcorn and happy endings. Recently, Sunil, a creditor with a vested interest in FTX, threw a curveball into the mix. According to Sunil, John Ray’s correspondence regarding Sam Bankman-Fried is not just off-base; it’s f...

John Ray, the man placed in charge of FTX post-disaster, has once again slammed the exchange’s founder and former CEO, the infamous Samuel Bankman-Fried, as a “deluded criminal” responsible for one of the greatest, yet nonsensical, scams in history. Ray’s new critique comes ahead of Sam’s impending ...

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.

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.