Page 7 - Johnj Ray News Today

FTX customers who lost a staggering total of $16 billion when the crypto exchange collapsed could recover their losses, although the IRS is claiming it is owed $44 billion from the firm.

Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, was found guilty by a jury on seven counts including fraud and money laundering after a month-long trial.

While former FTX chief Sam Bankman-Fried was on trial, the native token he created saw a two-week gain of 12%. The cryptocurrency currently stands at $1.18 at the time of writing, with a 24-hour trading volume of $32 million.

Experts say the coin likely has no long-term value, but it could prove lucrative for professional traders who can quickly flip it.

Sam Bankman-Fried gambled with a cryptocurrency scam and lost. His guilty verdicts make the rest of us into winners.

FTX advisers have been giving federal law enforcement offices across the US information on customer accounts and records related to transactions on the failed crypto platform, court records show.

Sam Bankman-Fried , the man behind crypto exchange FTX and its sister fund Alameda Research is currently on trial for securities fraud.

More than 22,000 GM workers still on strike; Pence drops out; dispatch from Davos in the Desert; who among FTXs customers and creditors will be made whole; and more

There are many moving parts to the FTX bankruptcy, but exchange customers, especially small ones, stand to reclaim most of their lost assets if the U.S. government does not elbow them out of the way.

Bankrupt crypto exchange FTX has received multiple bids for a potential restart, investment banker Kevin Cofsky of Perella Weinberg Partners said ...