Sam Bankman-Fried’s collapsed crypto enterprise, under new leadership, has kicked off insolvency proceedings in the U.S. Bankruptcy Court for the District of Delaware. Shortly after the company filed for chapter 11 bankruptcy on Nov. 11, court-appointed liquidators in the Bahamas filed another chapter 15 suit for cross-border insolvency proceedings in a New York Court.
Related posts
-
FTX Founder Sam Bankman-Fried Receives 25-Year Sentence for Cryptocurrency Fraud Debacle
Sam Bankman-Fried, the once-celebrated founder of FTX, a leading cryptocurrency exchange, was sentenced to 25 years... -
Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison
On Thursday, March 28, 2024, the former head of... -
SBF Returns to New York Courthouse for Sentencing in FTX Fraud Case
Defense lawyers argued, on the other hand, that Bankman-Fried didn’t intend to defraud customers, had shown...