Bankruptcies

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The Hot New Market in Crypto? Trading FTX’s Carcass.

Leave a Comment / Banking and Financial Institutions, Bankman-Fried, Sam, Bankruptcies, Compensation for Damages (Law), Computers and the Internet, Hedge Funds, HK FTX Trading Ltd (Futures Exchange), Virtual Currency

The Hot New Market in Crypto? Trading FTX’s Carcass.Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany and Matthew Goldstein

The Hot New Market in Crypto? Trading FTX’s Carcass. Read More »

From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money

Leave a Comment / Bankruptcies, Bird Rides Inc, Carta Inc, Computers and the Internet, Entrepreneurship, Shutdowns (Institutional), Start-ups, Venture Capital, WeWork Companies Inc

From Unicorns to Zombies: Tech Start-Ups Run Out of Time and MoneyAfter staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Erin Griffith

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WeWork Files for Bankruptcy Amid Glut of Empty Offices

Leave a Comment / Bankruptcies, Co-Working, Mathrani, Sandeep, Real Estate (Commercial), Renting and Leasing (Real Estate), SOFTBANK Corporation, Tolley, David M, WeWork Companies Inc

WeWork Files for Bankruptcy Amid Glut of Empty OfficesThe move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Jordyn Holman and J. Edward Moreno

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Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy

Leave a Comment / Alameda Research LLC, Banking and Financial Institutions, Bankman-Fried, Sam, Bankruptcies, Computers and the Internet, Decisions and Verdicts, Ellison, Caroline (1994- ), Frauds and Swindling, HK FTX Trading Ltd (Futures Exchange), Kaplan, Lewis A, Singh, Nishad, Virtual Currency, Wang, Zixiao (Gary), Witnesses

Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and ConspiracyThe case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany, Matthew Goldstein and J. Edward Moreno

Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy Read More »

Sam Bankman-Fried’s Trial Reveals New Details of How FTX Died

Leave a Comment / Alameda Research LLC, Albany (New Providence, Bahamas), Bankman-Fried, Sam, Bankruptcies, Binance, Computers and the Internet, Crime and Criminals, Ellison, Caroline (1994- ), Frauds and Swindling, HK FTX Trading Ltd (Futures Exchange), Salame, Ryan, Singh, Nishad, Text Messaging, Virtual Currency, Wang, Zixiao (Gary), Workplace Environment

Sam Bankman-Fried’s Trial Reveals New Details of How FTX DiedProsecutors in the criminal fraud case have built the most intricate account to date of the cryptocurrency exchange’s frantic final days. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany

Sam Bankman-Fried’s Trial Reveals New Details of How FTX Died Read More »

Star Witness Caroline Ellison Says Sam Bankman-Fried Made ‘Terrible Mistakes’

Leave a Comment / Alameda Research LLC, Bankman-Fried, Sam, Bankruptcies, Computers and the Internet, Dating and Relationships, Ellison, Caroline (1994- ), HK FTX Trading Ltd (Futures Exchange), Start-ups, Virtual Currency

Star Witness Caroline Ellison Says Sam Bankman-Fried Made ‘Terrible Mistakes’Mr. Bankman-Fried’s lawyers sought to poke holes in Ms. Ellison’s testimony, but her account remained largely consistent. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Matthew Goldstein, J. Edward Moreno and David Yaffe-Bellany

Star Witness Caroline Ellison Says Sam Bankman-Fried Made ‘Terrible Mistakes’ Read More »

Caroline Ellison Says She and Sam Bankman-Fried Lied for Years

Leave a Comment / Alameda Research LLC, Bankman-Fried, Sam, Bankruptcies, Computers and the Internet, Ellison, Caroline (1994- ), Ethics and Official Misconduct, Frauds and Swindling, HK FTX Trading Ltd (Futures Exchange), Virtual Currency

Caroline Ellison Says She and Sam Bankman-Fried Lied for YearsIn her second day testifying at the FTX founder’s trial, Ms. Ellison said she had misled lenders and circulated phony financial documents at Mr. Bankman-Fried’s request. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany, Matthew Goldstein and J. Edward Moreno

Caroline Ellison Says She and Sam Bankman-Fried Lied for Years Read More »

The Places That Sam Bankman-Fried Left Behind

Leave a Comment / Alameda Research LLC, Bahama Islands, Bankman-Fried, Gabe, Bankman-Fried, Sam, Bankruptcies, Berkeley (Calif), Computers and the Internet, Frauds and Swindling, HK FTX Trading Ltd (Futures Exchange), Hong Kong, Real Estate (Commercial), Real Estate and Housing (Residential), San Francisco Bay Area (Calif), Virtual Currency

The Places That Sam Bankman-Fried Left BehindBefore his FTX crypto exchange imploded and he went on trial for fraud, Mr. Bankman-Fried ran a global business empire spanning Berkeley, Calif., Hong Kong and the Bahamas. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany and Jeanne Noonan DelMundo

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Gary Wang, an FTX Founder, Says Sam Bankman-Fried Steered Misuse of Funds

Leave a Comment / Alameda Research LLC, Bankman-Fried, Sam, Bankruptcies, Computers and the Internet, Frauds and Swindling, Gary Wang, HK FTX Trading Ltd (Futures Exchange), Start-ups, Venture Capital, Virtual Currency

Gary Wang, an FTX Founder, Says Sam Bankman-Fried Steered Misuse of FundsMr. Wang is one of three key witnesses who pleaded guilty and agreed to cooperate against Mr. Bankman-Fried, the onetime crypto mogul on trial for fraud. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany, J. Edward Moreno and Matthew Goldstein

Gary Wang, an FTX Founder, Says Sam Bankman-Fried Steered Misuse of Funds Read More »

FTX Founder Sam Bankman-Fried’s Criminal Trial Opens

Leave a Comment / Alameda Research LLC, Bankman-Fried, Sam, Bankruptcies, Computers and the Internet, Frauds and Swindling, HK FTX Trading Ltd (Futures Exchange), Money Laundering, Start-ups, Virtual Currency

FTX Founder Sam Bankman-Fried’s Criminal Trial OpensProsecutors said the FTX founder had lied to customers. Defense lawyers said he had just been trying to prevent his cryptocurrency exchange from melting down. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany, Matthew Goldstein and J. Edward Moreno

FTX Founder Sam Bankman-Fried’s Criminal Trial Opens Read More »

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