FTX Exchange Manager Works on Relaunch Plans as FTT Token Gains 9%
According to new court documents on the Kroll law firm's website, FTX exchange manager John Ray is working to relaunch the platform. Against this backdrop, the FTT token gained 9%. In a court document dated May 22, FTX filed a compensation report that outlined a number of ...
Canadian Teachers’ Pension Fund Abandons $95M Crypto Investment in FTX
The OTPP Exits Cryptocurrency Investment After $95M Loss on FTX. The Canadian Teachers' Pension Fund of Ontario (OTPP) has decided to abandon its cryptocurrency investment after incurring a loss of $95 million in the bankrupt cryptocurrency exchange FTX. OTPP, Canada's third-largest pension fu ...
Tribe Capital Considers $250 Million Fundraising Campaign to Relaunch FTX Exchange
Tribe Capital, a Menlo Park-based venture capital firm with over $1.6 billion in assets under management, is reportedly mulling over a $250 million fundraising campaign to relaunch the failed FTX cryptocurrency exchange. The plan is said to involve self-financing at least $100 million and attract ...
FTX CEO Files Report on Exchange’s Management Flaws Leading to Collapse
John Ray, the CEO of FTX exchange, has filed a report with the Delaware bankruptcy court, outlining the flaws in the management of the exchange that led to its collapse. The debt restructuring team of the company has found that FTX lacked proper financial and accounting controls, which was one of ...