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Tag: Enron

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers

Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange...

Does SBF Have A Get Out Of Jail Free Card?

SBF funneled $10bn of user funds from his centralized crypto exchange FTX to the trading arm of his empire, Alameda. There, the top brass...

Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’

Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto...

“A Complete Failure Of Corporate Control,” Says New FTX CEO As He Unearths Even More Dirt Leading To The Collapse

Advertisement &nbsp &nbsp FTX’s new CEO expresses shock over how the company was run as he opens a can of worms. He referred to...

FTX: inside the crypto exchange that ‘accidentally’ lost $8bn

It was all an $8bn accident. Or so says Sam Bankman-Fried.As FTX, the crypto business led by the 30-year-old, quickly collapsed at the end...

Disentangling the Crypto Crash of 2022

A reckoning in the digital asset industry that started in June after the collapse of improperly collateralized investment assets gained new urgency in...

FTX Bankruptcy Overseer Says Company’s Collapse Is Worst He’s Ever Seen

FTX’s newly appointed CEO, John Ray III, called the crypto exchange’s collapse the worst of his career – and Ray oversaw the bankruptcy of...

FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing

Key Takeaways A filing from FTX's new CEO has more thoroughly revealed the shocking state of the company's finances. New FTX CEO John J. Ray III,...

Crypto Markets Spiral on FTX’s Bankruptcy News

Someday, there will be a Netflix documentary about Sam Bankman-Fried. SBF — as he’s known in crypto circles — was worth more than $14...

FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary

Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the Enron scandal. In a new...

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