Category: FTX
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Attorneys push for no prison time for Caroline Ellison in FTX fraud case
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Caroline Ellison’s lawyers are asking for her to be released from prison and given supervised release, citing her cooperation in the FTX case. Caroline Ellison, the former CEO of Alameda Research, is seeking time served and probation instead of prison as her sentencing date approaches on Sept. 24. Submit a…
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Attorneys push for no prison time for Caroline Ellison in FTX fraud case
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Caroline Ellison’s lawyers are asking for her to be released from prison and given supervised release, citing her cooperation in the FTX case. Caroline Ellison, the former CEO of Alameda Research, is seeking time served and probation instead of prison as her sentencing date approaches on Sept. 24. Submit a…
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SEC criticized for dubious stablecoin stance in FTX bankruptcy
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The SEC is facing criticism for its recent bankruptcy filing for FTX, echoing its controversial approach in the Voyager case. Recently Submit filesThe US Securities and Exchange Commission has warned FTX that it may oppose plans to repay creditors using stablecoins or other digital assets, citing potential legal concerns. This…
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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BlockFi nears final distribution after selling FTX claims
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BlockFi has announced the sale of FTX claims, enabling the near-final distribution of 100% of all permitted customer and unsecured creditor claims. BlockFi’s plan administrator has announced the sale of FTX’s claims, paving the way for full recovery for clients and creditors. In a press release shared with crypto.news, BlockFi’s…
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FTX Co-Founders Nishad Singh And Gary Wang To Face Sentencing: Dates Announced
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The spectacular fall of the powerful FTX exchange founded by Sam Bankman-Fried (SBF) in November 2022 continues to wreak havoc in the crypto space. Nearly two years later, the legal reckoning is still underway as former FTX executives face corruption charges. Nishad Singh and Gary Wang Ready to face punishment…
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FTX Co-Founders Nishad Singh And Gary Wang To Face Sentencing: Dates Announced
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The spectacular fall of the powerful FTX exchange founded by Sam Bankman-Fried (SBF) in November 2022 continues to wreak havoc in the crypto space. Nearly two years later, the legal reckoning is still underway as former FTX executives face corruption charges. Nishad Singh and Gary Wang Ready to face punishment…
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Nishad Singh And Gary Wang, Former FTX Executives To Be Sentenced On Oct 20 And Nov 21
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Explosion FTX The infamous FTX scandal, in late 2022, was a watershed moment in the crypto world, with the exchange’s founder, Sam Bankman-Fried, at the center of the controversy. Nishad Singh, the former director of engineering, and Gary Wang, the former CTO, were key members of FTX’s executive team and…
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Nishad Singh And Gary Wang, Former FTX Executives To Be Sentenced On Oct 20 And Nov 21
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Explosion FTX The infamous FTX scandal, in late 2022, was a watershed moment in the crypto world, with the exchange’s founder, Sam Bankman-Fried, at the center of the controversy. Nishad Singh, the former director of engineering, and Gary Wang, the former CTO, were key members of FTX’s executive team and…
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FTX Creditors Filed an Objection against Bankruptcy Reorganization Plan
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A group of creditors of the now-collapsed FTX have moved to court, objecting to the cryptocurrency exchange’s bankruptcy reorganization plan, which would pay unsecured creditors the full amount of their claims, if not more. Formal objection from FTX creditors A group led by Sunil Kavori, one of FTX’s creditors, filed…
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FTX Creditors Rejected Bankruptcy Reorganization Plan
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Creditors of bankrupt cryptocurrency exchange FTX have filed an objection to the platform’s proposed reorganization plan, citing its failure to meet certain requirements of the bankruptcy code. according to tweet By FTX creditor activist Sunil Kavori, the objection argues that the reorganization plan ignores equity issues, does not meet the…
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FTX Settles $24 Billion Tax Dispute with Internal Revenue Service
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FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a major $24 billion tax dispute that has been looming over the stock exchange’s restructuring process. Initially, the IRS claimed that FTX owed more than $44 billion in taxes, but that amount was…
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FTX Offloads Remaining Anthropic Shares In $450 Million Sale
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Bankrupt FTX has been involved in several asset divestments over the past year, as it seeks to fully compensate former clients of the now-defunct exchange. In the latest development in the ongoing proceedings, the company has sold the final portion of its shares in artificial intelligence startup Anthropic. FTX earns…
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FTX Offloads Remaining Anthropic Shares In $450 Million Sale
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Bankrupt FTX has been involved in several asset divestments over the past year, as it seeks to fully compensate former clients of the now-defunct exchange. In the latest development in the ongoing proceedings, the company has sold the final portion of its shares in artificial intelligence startup Anthropic. FTX earns…
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FTX Liquidators Ready To Sell Bankman-Fried’s $30M Penthouse And Bahamas Real Estate
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In the wake of the collapse of FTX, the popular cryptocurrency exchange led by Sam Bankman Fried, the luxury real estate properties acquired by the company will be put up for sale. According to Bloomberg a reportThe liquidators overseeing FTX’s assets are preparing to sell properties acquired during the glory…
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FTX Paid $25M to Whistleblowers Before Collapse, Reveals Examiner’s Report
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The now-defunct cryptocurrency exchange FTX has been exposed for making payments worth more than $25 million to six whistleblowers who discovered problems with it. Meanwhile, FTX still owes about $11 billion to investors who lost money after the stock market crash. Examiner’s report reveals whistleblower payments According to a report…
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FTX Paid $25M to Whistleblowers Before Collapse, Reveals Examiner’s Report
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The now-defunct cryptocurrency exchange FTX has been exposed for making payments worth more than $25 million to six whistleblowers who discovered problems with it. Meanwhile, FTX still owes about $11 billion to investors who lost money after the stock market crash. Examiner’s report reveals whistleblower payments According to a report…
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Absent Since FTX 2022 Downfall, Sam Trabucco Breaks Silence With Letter Of Endorsement
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In a recent development, Sam Trabucco, a key figure in Sam Bankman Fried’s inner circle, has resurfaced after being absent from the public eye following the collapse of cryptocurrency exchange FTX in late 2022. According to Per Bloomberg, Trabucco has come forward to support Ryan Salame, another former FTX executive…
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Absent Since FTX 2022 Downfall, Sam Trabucco Breaks Silence With Letter Of Endorsement
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In a recent development, Sam Trabucco, a key figure in Sam Bankman Fried’s inner circle, has resurfaced after being absent from the public eye following the collapse of cryptocurrency exchange FTX in late 2022. According to Per Bloomberg, Trabucco has come forward to support Ryan Salame, another former FTX executive…