Tax avoidance, corruption, excessive executive remuneration and relentless lobbying are major corporate governance issues.
FTX will begin repaying creditors on February 18, 2025, starting with only those their holding claims under $50,000.
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information," said new FTX CEO John Ray. FTX's new CEO ...
A reclusive figure After founding FTX with Bankman-Fried in 2019, Wang became the company's chief technology officer — establishing himself as a key member of the crypto empire's inner circle.
Seemingly encouraged by the full pardon for Silk Road's Ross Ulbricht, Sam Bankman-Fried's parents are reportedly aiming to get their son freed through a presidential pardon and have supposedly met ...
Ray III delivered a blistering assessment in a filing with the bankruptcy court of the chaos that led to FTX's implosion; financial documents may have been altered, corporate funds were allegedly ...
This past summer, the FTX cryptocurrency exchange and its sister company, Alameda Research, a hedge fund that also serves as a trading platform, became the companies through which their founder ...
Kives, a former aide to Clinton’s chief of staff Huma Abedin, leveraged his extensive network of celebrity and business connections, which FTX founder Sam Bankman-Fried reportedly sought to tap ...
The settlement will pave the way for the parties to collaborate to maximize recoveries for FTX customers and stakeholders, the companies said. The crypto exchange's dramatic collapse in November 2022 ...
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GlobalData on MSNRepeated corporate governance failures damaging consumer trust – reportTax avoidance, corruption, excessive executive remuneration and relentless lobbying are major corporate governance issues.
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