Crypto

Tumbling Bitcoin Overshadows El Salvador's Crypto Conference

El Salvador's long-awaited bitcoin conference, which was in the limelight in 2021 after the small nation became the world's first to adopt the cryptocurrency as legal tender, has lost its luster this time amid a deep rout in the digital currency universe.

Explainer-What's Next In FTX's Bankruptcy

Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors.

FTX's New CEO Helped Bolster Enron Victims' Recovery

FTX Trading's new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange's restructuring, previously oversaw the $23 billion bankruptcy of energy firm Enron Corp and has a reputation for boosting creditor recoveries.

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