FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using $16 billion in assets recovered since the once-leading crypto exchange collapsed.

There are many moving parts to the FTX bankruptcy, but exchange customers, especially small ones, stand to reclaim most of their lost assets if the U.S. government does not elbow them out of the way.

FTX's new CEO John J. Ray III has called the company's previous management the worst he's ever seen in a 40-year career that includes overseeing the Enron bankruptcy.

FTX’s shareholders — people like Tom Brady and private equity firms like Sequoia Capital — are almost certain to see their equity in the once high-flying crypto startup totally wiped out.

FTX’s bankruptcy attorneys at Sullivan & Cromwell, some of whom are charging over $2,100 per hour, have incurred nearly $25 million in fees for work performed from Nov. 12 through Dec. 31 ...

But FTX lacked sufficient funds to pay sellers, instead imposing a halt on withdrawals altogether. On Thursday, FTX reopened withdrawals to some users, cryptocurrency news outlet CoinDesk reported.

FTX and its creditors have agreed that FTX customers will be repaid through the liquidation of FTX assets, but tempers have flared recently over issues like FTX's efforts to find a buyer willing ...

It's been a brutal year for crypto.After hitting an all-time high of $64,400 in November 2021, these gyrations had by this autumn sent bitcoin's price to as low as $20,000. Then FTX, among the ...

Cryptocurrency trading platform FTX is defunct and its CEO, Sam Bankman-Fried, has been convicted of fraud. NPR's Ayesha Rascoe asks researcher Molly White what's next for crypto.

Four FTX customers filed a class-action lawsuit against the company and Alameda Research in an attempt to recoup losses following the crypto exchange’s Chapter 11 bankruptcy filing last month.

FTX paid high yields to companies that stored assets on its platform, which led many crypto start-ups to treat it as a bank. Genesis, a trading platform, said this past week that it had $175 ...

FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by misusing customer funds, according to an indictment from the US Attorney of the Southern ...