Tag - ftx

 
 

FTX

Japan Times
BUSINESS
Dec 23, 2022
Sam Bankman-Fried's $250 million bail among largest in U.S. history
Outsized bonds are more a means of establishing harsh financial consequences for bail-jumping and are often backed by assets worth only around 10% of the stated amount.
Japan Times
BUSINESS
Dec 22, 2022
Two Bankman-Fried associates plead guilty to fraud as FTX founder heads to U.S.
The 30-year-old cryptocurrency mogul faces charges over what has been described as 'one of the biggest financial frauds in American history.'
Japan Times
COMMENTARY / World
Dec 14, 2022
Bank runs just aren’t what they used to be
The collapse of the FTX crypto exchange and the flood of assets out of lenders like Credit Suisse are not the same as the bank runs of years gone by and are much more benign in comparison.
Japan Times
BUSINESS
Dec 14, 2022
Japan lawmaker chides crypto watchdog over FTT coin approval
Disgraced crypto founder Sam Bankman-Fried's digital assets empire imploded just as Japan was warming up to crypto again.
Japan Times
BUSINESS / Companies
Dec 14, 2022
FTX founder Sam Bankman-Fried charged with fraud and denied bail
The former FTX CEO, who was arrested in the Bahamas on Monday, lowered his head and hugged his parents after the magistrate judge refused bail citing a 'great' risk of flight.
Japan Times
BUSINESS
Dec 13, 2022
Sam Bankman-Fried arrested in Bahamas as U.S. files FTX charges
Bankman-Fried is being held in custody pending an extradition process, the island nation's attorney general, Ryan Pinder, said in a statement.
Japan Times
BUSINESS / Companies
Dec 7, 2022
Nomura’s crypto arm seeks profit in two years in shakeout after FTX crisis
The unit, Laser Digital, will leverage the backing of the Tokyo-based investment bank to win over institutional investors and plans to add 50 employees by March.
Japan Times
BUSINESS / Markets
Dec 1, 2022
FTX’s Japan unit drafts plan to return client funds
The proposal, which has yet to be finalized, centers on using a platform called Liquid to facilitate the return of assets starting in January.
Japan Times
EDITORIALS
Nov 25, 2022
FTX collapse is a reminder of the simple reality of cryptocurrencies
One veteran of bankruptcies called the FTX collapse the worst he had ever seen — which included the $74 billion loss that followed the Enron debacle.
Japan Times
BUSINESS
Nov 23, 2022
FTX was run as 'personal fiefdom,' company attorney says
In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platform in three days.
Japan Times
BASKETBALL / NBA
Nov 22, 2022
NBA champion Warriors sued over FTX collapse
The Warriors last December had named FTX its official cryptocurrency platform, in what it called a first-of-its-kind cryptocurrency partnership in professional sports.
Japan Times
BUSINESS / Tech
Nov 21, 2022
What is next for the FTX fallout?
The dramatic collapse of the crypto exchange continues to reverberate throughout the industry.
Japan Times
BUSINESS / Tech / FOCUS
Nov 19, 2022
FTX’s point of no return can be traced back to a tweet, data show
When did it go from grim to hopeless for Sam Bankman-Fried's crypto empire? It may come down to one tweet by his second-in-command.
Japan Times
BUSINESS / Tech
Nov 18, 2022
How FTX bought its way to become the 'most regulated' crypto exchange
Company documents reveal the tactics behind founder Sam Bankman-Fried's regulatory agenda, including the terms of a deal announced earlier this year with IEX Group.
Japan Times
COMMENTARY / World
Nov 18, 2022
AI can make crypto safer for everyone
Artificial intelligence can make cryptocurrencies easier to use without the need for intermediaries that people may not trust.
Japan Times
BUSINESS
Nov 16, 2022
Before the blowup, Wall Street heavyweights went to bat for FTX
Trading firms, think tanks and professors all supported FTX's plans to shake up the derivatives industry.
Japan Times
BUSINESS / Tech
Nov 15, 2022
Regulators circle crypto exchange FTX after collapse as rivals reassure clients
The implosion of FTX, once a darling of the crypto industry with a $32 billion valuation as of January, has spurred investigations by the U.S. Justice Department, the Securities and Exchange Commission and Commodity Futures Trading Commission.
Japan Times
BUSINESS / Tech / ANALYSIS
Nov 12, 2022
FTX meltdown sparks investor rethink of battered crypto market
The collapse of several crypto lenders and major tokens had rung alarm bells even before the blow-up of FTX.
Japan Times
BUSINESS / Tech
Nov 12, 2022
At least $1 billion of client funds missing at failed crypto firm FTX
The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, sources said.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?