Por: Time Business November 19, 2022
NEW YORK — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning description of FTX’s operations under its founder Sam Bankman-Fried, from a lack of security controls to business funds being used to buy employees homes and luxuries. “Never in... + full article
New York Post USA Business November 15, 2022
Former Treasury Secretary Larry Summers likened to the infamous Enron scandal of more than 20 years ago, saying that both involved cases where people detected “whiffs of fraud.” “A lot of people have compared this to Lehman. ,” Summers “The smartest guys in the room.... + más
Larry Summers: FTX could be an Enron | Fox Business
Larry David ‘right’ about FTX collapse in old Super Bowl commercial, internet claims | New York Post
MarketWatch USA Business November 12, 2022
The company said Friday that Bankman-Fried had resigned as CEO and would be replaced by John J. Ray III, a lawyer who worked on Enron’s bankruptcy. One major piece of collateral damage in the debacle: the philanthropic entities that Bankman-Fried started to improve... + más
The collapse of crypto firm FTX and its superstar founder explained: Here's what happened and what it all means | Business Insider
‘I f–ked up’: FTX’s Sam Bankman-Fried makes profanity-laced apology as collapse looms | New York Post
Forbes USA Business November 11, 2022
Forbes to cover a shortfall of up to $8 billion as customers demand their money back. “I can't make any promises,” he . “But I'm going to try.” Then there are FTX’s investors. As the crypto exchange ballooned in size, it became a huge draw for venture... + más
How $32B crypto company FTX collapsed and sent digital currency reeling | ABC News
Topline Embattled cryptocurrency exchange FTX announced on Friday morning it has commenced Chapter 11 bankruptcy proceedings and that its former billionaire CEO Sam Bankman-Fried has resigned from the company following a liquidity crisis that forced a sudden unraveling of the... + más
Sam Bankman-Fried’s philanthropic fund halts donations amid FTX collapse and 'questions about legitimacy' | MarketWatch
Business Insider USA Business November 11, 2022
Earlier this year, investors in the crypto exchange FTX valued it at $32 billion.This week, some of them marked their stakes down to $0. With the of some 130 entities that comprised Sam Bankman-Fried's cryptocurrency empire, it will fall to the lawyers to find out what FTX... + más
Fox Business USA Business November 11, 2022
Coinbase CFO Alesia Hass discusses the chaos surrounding crypto exchange FTX and if there are any suitors ready to buy the distressed company on 'The Claman Countdown.' Former Treasury Secretary Larry Summers has suggested collapse could have similarities to energy... + más
Larry Summers likens FTX collapse to Enron: ‘Whiffs of fraud’ | New York Post
FTX: The Enron case on steroids, fueled by woke capitalism | The Hill
New York Post USA Tech November 10, 2022
“Curb Your Enthusiasm” star Larry David’s appearance in a commercial for the is going viral Thursday – with social media users pointing out the comedian’s skeptical stance in the ad was right all along. The ad, which aired during the Super Bowl last February, shows the... + más
Crypto Is Crashing. This Time, Blame FTX and Sam Bankman-Fried | Time
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