FTX Collapse News
FTX's Ryan Salame posts about 7.5 years jail term on LinkedIn, updates his ‘job’ and ‘experience’ on site
FTX Saga: Ryan Salame, a former FTX executive, begins a 7.5-year prison sentence for campaign finance violations. He expressed frustration over his treatment and claims he entered a guilty plea to protect his wife from prosecution.
1 min read11 Oct 2024FTX files amended reorganization plan, expects $14.5-16.3 billion for distribution
FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.
1 min read8 May 2024Will Bitcoin's price surge bail out Sam Bankman-Fried? FTX founder's sentence hinges on crypto's rollercoaster ride
As Sam Bankman-Fried's sentencing hearing nears, the unexpected rise in Bitcoin's price emerges as a surprising factor. Bankman-Fried's lawyers argue that the cryptocurrency's resurgence mitigates financial losses.
2 min read28 Mar 2024The Crypto Reboot That Wasn’t: Why ‘FTX 2.0’ Floundered
Creditors say FTX’s post-chapter 11 management team missed an opportunity to create a valuable business from the ashes of the cryptocurrency exchange.
5 min read27 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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