Articles by Reuters

DOJ Watchdog Seeks Independent Review Of FTX Bankruptcy

The U.S. Department of Justice's bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange FTX, saying customers need a neutral party to investigate allegations of "fraud, dishonesty, incompetence, misconduct, and mismanagement."

Sam Bankman-Fried Says He 'Didn't Ever Try To Commit Fraud'

Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company's collapse stunned investors and left creditors facing losses totaling billions of dollars.

Weapons Industry Booms As Eastern Europe Arms Ukraine

Eastern Europe's arms industry is churning out guns, artillery shells and other military supplies at a pace not seen since the Cold War as governments in the region lead efforts to aid Ukraine in its fight against Russia.

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.

Further Details Emerge On FTX Bankruptcy And Missing Funds

Further details on the bankruptcy of crypto exchange FTX emerged on Saturday, even as peers and partners distanced themselves from the firm and sources told Reuters at least a billion dollars of customer funds on the exchange had vanished.

FTX Scrambles For Funds As Regulators Take Action

Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday amid worsening solvency problems at the firm and heightened scrutiny of its chief executive, Sam Bankman-Fried.

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