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Tom Brady and Larry David among celebrities named in lawsuit against failed crypto exchange FTX | Science & Tech News
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Celebrities including NFL star Tom Brady and comedian Larry David have been named in a class-action lawsuit against cryptocurrency exchange FTX, accusing them of being culpable for promoting the failed firm. FTX, one of the world’s biggest cryptocurrency exchanges, went bankrupt last week – a staggering reversal of fortune for a firm once valued at…
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Founder of bankrupt crypto exchange FTX denies he has fled to South America | Science & Tech News
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The former chief executive of one of the world’s biggest cryptocurrency exchanges has denied he fled to South America after firm filed for bankruptcy. FTX founder Sam Bankman-Fried was asked by Reuters about Twitter speculation he had flown to Argentina and responded in a text message: “Nope.” The 30-year-old, who has been removed as chief…
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Major crypto exchange FTX begins bankruptcy proceedings in US | Science & Tech News
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FTX, one of the world’s biggest cryptocurrency exchanges, is commencing bankruptcy proceedings in the US. Sam Bankman-Fried, its 30-year-old chief executive who once graced the cover of Forbes, is also resigning, days after its bigger rival Binance walked away from a proposed acquisition. His replacement, John J Ray III, said: “The FTX Group has valuable…