FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt.
Tag: FTX bankruptcy
FTX Says $415M of Crypto Was Hacked
Bankrupt crypto firm FTX announced that $415 million in cryptocurrency was stolen from the exchange’s accounts.
Insurers Denying, Limiting Coverage for FTX-linked Crypto Firms as Risks Mount
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX.
FTX Failure Highlights Importance of Corporate Governance for Insurers
The collapse of the cryptocurrency exchange FTX highlights the importance of effective corporate governance, according to a new AM Best commentary.
‘Wave’ of FTX Lawsuits Expected, With Investors Expected to Face Legal Challenges
A lawsuit filed by FTX account holders in the United States is likely to be the first of many over billions of dollars in losses on the cryptocurrency exchange.