Sam Bankman-Fried: crypto rock star facing life in jail
Sam Bankman-Fried has had a dizzying fall from top of the heap in the world of cryptocurrencies to staring down a hefty jail sentence on a raft of fraud charges.
Dec 13, 2022
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Business
News tagged with bankruptcy
Business
Overshadowed by failures, crypto hacking exacts higher price
The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.
Dec 7, 2022
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Business
Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds
The former CEO of the failed cryptocurrency exchange FTX said Wednesday that he did not "knowingly" misuse customers' funds, and said he believes his millions of angry customers will eventually be made whole.
Dec 1, 2022
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Business
BlockFi files for bankruptcy, latest crypto company to fail
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX.
Nov 28, 2022
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Consumer & Gadgets
Crypto executives need to grow up or go the way of FTX, Riot Blockchain leader says
The highly publicized collapse of the crypto platform FTX is a wake-up call for crypto executives to act more professionally, one of crypto's most prominent North Texas leaders says.
Nov 23, 2022
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Business
House panel to hold hearing on crypto exchange FTX collapse
Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions ...
Nov 16, 2022
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Business
Explainer: What's happening at bankrupt crypto exchange FTX?
The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run.
Nov 14, 2022
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Business
Funds vanish at bankrupt crypto exchange FTX; probe underway
Collapsed cryptocurrency trading firm FTX confirmed there was "unauthorized access" to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.
Nov 13, 2022
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Business
Stellantis China Jeep joint venture to file for bankruptcy
A Chinese joint venture producing Jeep SUVs for Stellantis will file for bankruptcy, the European carmaker said Monday, after its chief executive complained earlier this month political tensions with the West were affecting ...
Oct 31, 2022
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Business
Japan's Toshiba boosts profit on devices, auto sector demand
Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management.
Aug 10, 2022
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Bankruptcy
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
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