Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

International Business Times

Business

Marvie Basilan

FOUND: Ftx scraps relaunch plans expects full customer repayment - What They Never Told You

FTX Sam Bankman-Fried Crypto IRS

FTX filed for bankruptcy in November 2022 -- it's founder, Sam Bankman-Fried, has since been found guilty of fraud and other related charges. (Credit: Reuters)

KEY POINTS

An FTX attorney said potential bidders and investors were unwilling to fund the exchange's planned revamp
There have been concerns about calculating repayments based on crypto prices when FTX filed for bankruptcy
FTX's founder was found guilty on all seven counts of fraud and related charges

Bankrupt cryptocurrency exchange FTX, run by Sam Bankman-Fried, said it dropped plans to restart operations and will instead liquidate all of its assets to repay customers whose accounts were affected when the exchange crumbled.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

A pickup truck crossed a youth soccer pitch in Wichita, Kansas, killing a six-year-old boy and a 35-year-old man and injuring 11 others, police said

International Business Times UK

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Looters ransacked luxury boutiques, electronics outlets, supermarkets and other businesses across several French cities on Saturday as protests against the rising cost of living descended into widespread violence, with authorities reporting mass arrests, injured police officers and fires.

The Times of India

5,50,000 on streets: How cost-of-living anger is sweeping Europe

5,50,000 on streets: How cost-of-living anger is sweeping Europe

In various European nations, including France, Belgium, Italy, and Portugal, citizens took to the streets in response to growing economic challenges and the soaring cost of living. Demonstrators highlighted issues such as stagnant wages, the affordability of housing, and rising education costs. Notably, France witnessed a staggering turnout of over…

The Times of India

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Ukrainian President Volodymyr Zelenskyy has said restrictions on Ukraine’s use of Elon Musk-owned SpaceX’s satellite systems remain in place, contradicting earlier indications that the service had been fully restored.

The Times of India

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Authorities are searching for 11 people missing after a boat from Mexico capsized off Baja California

The Independent UK

Los Angeles County Confirms First Cychlorphine Overdose Death From a Potent Opioid That Fentanyl Test Strips Miss

Los Angeles County Confirms First Cychlorphine Overdose Death From a Potent Opioid That Fentanyl Test Strips Miss

LA County confirmed its first cychlorphine overdose death. The opioid evades fentanyl test strips. What to know about naloxone and free drug testing.

Related Stories

Top stories on inkl right now

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

A pickup truck crossed a youth soccer pitch in Wichita, Kansas, killing a six-year-old boy and a 35-year-old man and injuring 11 others, police said

International Business Times UK

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Looters ransacked luxury boutiques, electronics outlets, supermarkets and other businesses across several French cities on Saturday as protests against the rising cost of living descended into widespread violence, with authorities reporting mass arrests, injured police officers and fires.

The Times of India

5,50,000 on streets: How cost-of-living anger is sweeping Europe

5,50,000 on streets: How cost-of-living anger is sweeping Europe

In various European nations, including France, Belgium, Italy, and Portugal, citizens took to the streets in response to growing economic challenges and the soaring cost of living. Demonstrators highlighted issues such as stagnant wages, the affordability of housing, and rising education costs. Notably, France witnessed a staggering turnout of over…

The Times of India

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Ukrainian President Volodymyr Zelenskyy has said restrictions on Ukraine’s use of Elon Musk-owned SpaceX’s satellite systems remain in place, contradicting earlier indications that the service had been fully restored.

The Times of India

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Authorities are searching for 11 people missing after a boat from Mexico capsized off Baja California

The Independent UK

Los Angeles County Confirms First Cychlorphine Overdose Death From a Potent Opioid That Fentanyl Test Strips Miss

Los Angeles County Confirms First Cychlorphine Overdose Death From a Potent Opioid That Fentanyl Test Strips Miss

LA County confirmed its first cychlorphine overdose death. The opioid evades fentanyl test strips. What to know about naloxone and free drug testing.

Our Picks

Total Ultraprocessed Food Intake Showed No Link to Colorectal Cancer in 461,682 Older Adults Followed Nearly 19 Years

A study of 461,682 older adults found no link between total ultraprocessed food intake and colorectal cancer, though meat intake still raised risk.

‘She Likes It Gross And Dirty’: Internet Slammed Dakota Johnson After Insider Share Her Intimate Life With MGK

Dakota Johnson’s alleged romance with Machine Gun Kelly has sparked online backlash after an insider allegedly shared intimate details about their chemistry.

Kristin Davis 'wasn’t eating any real food', but why?

Kristin Davis has recalled feeling self-conscious about her appearance during her Sex and the City days.

Quentin Tarantino awkwardly confronts Ellen DeGeneres over chat show snub

Some viewers said the moment recalled a notorious encounter between the former chat show host and actor Dakota Johnson in 2019

The Independent UK

Youngest Astronaut To Walk the Moon Claims UFOs Are 'Demonic' Deceptions Following Sign From God

Apollo 16 astronaut Charlie Duke says UFOs are 'demonic' after a breakfast talk he took as a sign from God, highlighting the divide between faith and evidence.

International Business Times UK

Self-Described UFO Expert Claims NASA Image Shows a Massive Alien Ship Moving at 'Tremendous Speed'

Self-described UFO expert Scott C Waring says a rectangular shape in a solar image is a huge alien spacecraft, but its size, speed and nature remain unverified.

International Business Times UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play