For FTX customers, IRS Ponzi rules loom large
Tax expert says FTX customers should get guidance from the IRS in 2023 on how to report losses from Sam Bankman-Fried's bankrupt cryptocurrency exchange to avoid amending tax returns.
Carvana stock slides on bankruptcy risk
Carvana investors are fleeing as speculation swirls over the used car retailer's survival. Shares fell more than 30% during Wednesday's trading session.
Ex-FTX boss Sam Bankman-Fried admits he should've done more stress testing before crypto firm's collapse
Sam Bankman-Fried spoke in a Twitter Space about the collapse of FTX and Alameda Research, along with his failure to stress test the crypto firms he founded.
FTX scandal 'sounds very much like' a Ponzi scheme: Andrew McCarthy
Fox News contributor Andrew McCarthy says disgraced FTX founder Sam Bankman-Fried could face a 'very, very high' federal sentencing.
Sam Bankman-Fried took part in 'corruption, corporate mismanagement': Anthony Georgiades
Pastel Network co-founder Anthony Georgiades argues 'it'll take time' to trace back disgraced FTX founder Sam Bankman-Fried's 'co-mingled' assets.
Citigroup trying to get accidental $500M Revlon loan payment back
Citigroup is in talks to recoup a $500 million loan payment made for Revlon that was made by mistake.
FTX investor: Mainstream media shouldn't give Sam Bankman-Fried a stage
FTX investor Evan Luthra joins 'The Evening Edit' to share his reaction to Sam Bankman-Fried's interview with The New York Times.
Rep. Warren Davidson 'stunned' Sam Bankman-Fried is 'not in custody'
Rep. Warren Davidson, R-Ohio, slams Gary Gensler's SEC for 'failing' to properly address crypto in the securities sector.
FTX founder Sam Bankman-Fried took questions about company collapse: 'We messed up big'
Sam Bankman-Fried took questions at the DealBook Summit on Wednesday regarding the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded.
FTX’s Alameda Research owes Jimmy Buffett’s Margaritaville, Amazon Web Services
Sam Bankman-Fried's hedge fund Alameda Research lists Jimmy Buffett's Margaritaville Resort in the Bahamas and Amazon Web Services as two of the largest creditors it owes money to, according to bankruptcy filings.
Early Alameda staffers quit after battling Sam Bankman-Fried over risk, compliance concerns
The employees worked at Alameda Research, and were some of Bankman-Fried's earliest colleagues, including Alameda’s co-founder, Tara Mac Aulay. Both FTX and Alameda are now bankrupt.
FTX crypto contagion continues after BlockFi bankruptcy
Fears of contagion in cryptocurrency markets continue to grow after BlockFi filed for bankruptcy on Monday due to the company's financial ties to failed exchange FTX.
BlockFi's bankruptcy exit plan
Bankrupt cryptolender BlockFi filed a plan of reorganization that contemplates emerging as a reorganized company but says it's also open to selling its assets.
BlockFi makes first appearance in bankruptcy court
Founded by fintech executive-turned-crypto entrepreneur Zac Prince, the company said its bankruptcy stemmed from its substantial exposure to FTX and broader turmoil in crypto markets.
FTX founder manipulated ESG to earn 'virtue signaling glow': Palantir co-founder
The founder of the crypto exchange FTX manipulated ESG to convince investors that everything was above board before filing for bankruptcy, investor says.
FTX resumes paying staff, contractor salaries following bankruptcy
FTX, the collapsed cryptocurrency exchange once owned by Sam Bankman-Fried, has announced following its bankruptcy filing it will start paying staff again.
BlockFi bankruptcy a 'contagion' pattern from FTX fallout: Pete Pachal
Coindesk content chief of staff Pete Pachal predicts the FTX contagion will continue, and markets are waiting for the next 'domino to fall.'
BlockFi not FTX, says company's financial adviser
The financial adviser to bankrupt BlockFi says there are no corporate governance issues at the cryptocurrency exchange and that management remains committed to doing the right thing.
Mark Cuban on crypto amid FTX implosion: 'Separate the signal from the noise'
Billionaire investor Mark Cuban continues to believe in cryptocurrency, he indicated in a recent TMZ Sports interview, even amid the ongoing FTX scandal.
Sam Bankman-Fried will speak remotely at NYT summit: Charlie Gasparino
Sources tell FOX Business' Charlie Gasparino that FTX founder Sam Bankman-Fried will be interviewed remotely in a Q&A style by reporter Andrew Ross Sorkin.