Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
The court filing revealed that the bankrupt exchange was granted the right to pay its critical vendors up to $8.5 million upon its chief executive officer approval.
Oluwapelumi Adejumo 3 min read 
Crypto custodian, BitGo, has been selected by John Ray III, acting CEO at FTX to safeguard FTX's assets amid bankruptcy proceedings.
Senators Elizabeth Warren and Sheldon Whitehouse want the DOJ to prosecute the individuals responsible for the collapse of FTX
Sam Bankman-Fried's parents were owners of a $16.4 million vacation home.
The Bahamas regulator said all expenses it incurs will be approved by the country's supreme court and are subject to reimbursement by FTX.
A weekend hunt for $1B in new funding has come up short for crypto brokerage Genesis as it seeks huge cash injection to stay afloat
Ontario Teachers said its FTX investmetnt represented less than 0.05% of its total net assets
The regulator said the move was aimed at “safekeeping” the assets and “was necessary to protect the interests of clients and creditors” of the bankrupt exchange.
A bankruptcy statement by new FTX CEO John Ray said he has never in his career seen "such a complete failure" of corporate controls.
