Tag: Bankruptcy
SVB Financial Group files for bankruptcy protection
Silicon Valley Bank's former parent company SVB Financial Group has filed for Chapter 11 bankruptcy protection.The move, which comes a week after regulators seized...
FTX collapse: Sam Bankman-Fried pleads NOT guilty
Sam Bankman-Fried has pleaded not guilty to eight criminal charges related to the collapse of FTX, the cryptocurrency exchange he founded.Bankman-Fried appeared before a...
Binance withdrawals hit $1.9 billion in 24 hours, data firm reports
Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world's biggest crypto...
FTX implosion calls for crypto regulation – BoE Deputy Governor
The collapse of FTX, and the fact that its failures were more organisational than technological, highlights the importance of properly regulating the crypto sector,...
The collapse of FTX – the inside story
As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile...
FTX files for US bankruptcy protection; Bankman-Fried quits
Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping...
FTX Bankruptcy: Ghanaian investors caught in the web
On October 29, 2022, the Africa team of the embattled global crypto exchange, FTX.com, held a summit in Accra and declared they have recorded hundreds...