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CryptoCurrency
A Twist in Bankman-Fried Saga: Robinhood Strikes $600M Deal to Reclaim Shares
2023-09-01T20:09:01.959+02:00
Earlier, SBF held a 7.6% stake in Robinhood but lost due to legal concerns.
Robinhood bought back millions worth of shares from SBF's Emergent Fidelity Technologies.
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CryptoCurrency
US DOJ Opposes Sam Bankman-Fried’s Claims on Evidence
2023-08-30T00:25:52.227+02:00
The lawyers representing FTX's Founder want evidence gathered after July 1 to be inadmissible.
However, the DOJ said the lawyers have had access to the discovery materials for months.
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Bankman-Fried Appeals Judge’s Jail Decision as October Trial Looms
2023-08-28T23:44:12.665+02:00
The FTX Founder exercised his right by sharing Caroline Elison's details, lawyers argue.
In a separate filing, the lawyers sought the embattled entrepreneur's temporary release.
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FTX, BlockFI and Genesis’ Customer Data Exposed in “SIM Swapping Attack”
2023-08-25T20:36:59.370+02:00
The crypto exchange, FTX said compromised customer data is “non-sensitive.”
However, the firm urged customers to be on high alert for scam emails.
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CryptoCurrency
Court Permits “Unlimited” Access to Jailed Bankman-Fried for Trial Preparation
2023-08-24T16:50:16.300+02:00
The permission falls short of the FTX Founder's lawyers' request.
FTX's bankruptcy estate wants to onboard Galaxy for guidance on crypto holding.
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From Bankruptcy to Strategy: FTX Partners with Galaxy to Maximize Value for Creditors
2023-08-24T12:01:14.894+02:00
The failed exchange aims to sell, stake, and hedge its USD $3 billion crypto holdings.
The collaboration aims to prevent an abrupt drop in the price of crypto assets.
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Sam Bankman-Fried Pleads Not Guilty to New Indictment
2023-08-22T19:14:17.486+02:00
Bankman-Fried's lawyers claimed he is being denied access to his medicine.
They also want extra meeting days with the crypto entrepreneur for his trial preparation.
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FTX Updates Settlement Terms for 'Small Estate Claims' after US Trustee's Disapproval
2023-08-21T15:35:15.303+02:00
The exchange criticized the US Trustee for objecting to the settlement.
Meanwhile, FTX and Genesis recently agreed to a payment of $175 million to resolve their dispute.
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CryptoCurrency
Bankrupt BlockFi Gets Court’s Backing, Enables Withdrawal for US Customers
2023-08-17T21:27:52.410+02:00
The firm looks forward to permitting withdrawal for international clients.
BlockFi had exposure of $1.2 billion to FTX and Alameda Research.
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FTX Softens $4B Demand, Strikes $175M Settlement with Genesis
2023-08-17T18:04:39.538+02:00
Both parties reached the agreement 'in principle' on or around July 20.
Genesis raised over $350M in customer, avoidance and loan claims against FTX.
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CryptoCurrency
Sam Bankman-Fried Allegedly Diverted $100M of FTX Funds to Political Donations
2023-08-15T09:57:28.030+02:00
An amendment indictment states that Bankman-Fried used 'straw donors' to influence Congress.
SBF was sent to jail ahead of his trial for allegedly tampering with witnesses.
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Sam Bankman-Fried Lands in Jail Ahead of Criminal Trial
2023-08-11T23:31:24.562+02:00
The FTX Founder was accused of witness tampering by federal prosecutors.
The embattled entrepreneur is also facing a $1 billion lawsuit from the FTX estate.
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CryptoCurrency
FTX's Debtors Battle for Asset Control amid Restructuring Plans
2023-08-10T17:45:37.775+02:00
The exchange's debtors have opposed plans to invest USD $2.6 billion in Treasuries.
The disagreement arrived when the exchange was planning to restart operations.
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Temasek and FTX's Backers Face Growing Class Action, More Plaintiffs Allege Fraud
2023-08-10T15:17:34.364+02:00
The class action lawsuit alleges that FTX violated securities laws.
Sequoia Capital, SoftBank, and Sino Global Capital are mentioned as defendants.
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Former FTX Executive Ryan Salame in Plea Deal Negotiations with Prosecutors
2023-08-09T10:54:12.800+02:00
Salame is the former Co-Chief Executive of FTX Digital Markets.
His colleagues Ellison, Wang, and Singh have pleaded guilty.
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FTX Asks Court to Remove Dubai Unit from US Bankruptcy Proceedings
2023-08-03T13:44:53.878+02:00
The exchange wants FTX Dubai to be liquidated under the laws of the UAE.
FTX believe this step will speed up the process to exit bankruptcy.
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CryptoCurrency
FTX Officially Floats Plan to Restart International Crypto Exchange
2023-08-01T08:43:13.995+02:00
A group of creditors can opt to pool their claims for the relaunch.
No compensation has been proposed for FTT token holders.
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FTX and Genesis Global Strike Deal to Settle Bankruptcy Disputes
2023-07-28T10:46:08.530+02:00
The crypto lender is reportedly owed USD $226 million by FTX.
FTX claims Genesis owes it USD $2 billion.
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Judge Contemplates Jailing Sam Bankman-Fried Ahead of Fraud Trial
2023-07-27T11:17:28.052+02:00
SBF is accused of witness tampering.
The presiding judge tightened SBF's bail terms on Wednesday.
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Prosecutors Propose Gag Order on FTX Founder to Stop Contact with Media
2023-07-25T03:00:00.000+02:00
Bankman-Fried allegedly shared personal details about Caroline with the media.
The ex-CEO of FTX has failed to successfully dismiss charges filed against him.
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CryptoCurrency
US DoJ Accuses FTX Founder of Leaking Caroline Ellison’s Private Diary
2023-07-21T17:34:21.209+02:00
Bankman-Fried allegedly shared the details to 'cast Ellison in a poor light'.
FTX has sued Bankman-Fried, Ellision, Wang and Singh for 1 billion USD.
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FTX Launches $1B Lawsuit against Sam Bankman-Fried and Former Executives
2023-07-21T11:49:10.991+02:00
The exchange is accusing the defendants of misappropriating users' funds.
The alleged fraudulent transactions reportedly took place from 2020 onwards.
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Are FTX Users Facing a Phishing Attack? Customers Get Suspicious Emails: Report
2023-07-20T20:23:41.172+02:00
Earlier, FTX earlier instructed users to stay on alert for phishing links.
So far, the exchange has recovered $7 billion out of $8.7 billion owed to users.
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FTX Foundation under Scrutiny as Bankruptcy Team Pursues $71M Recovery
2023-07-20T16:38:32.041+02:00
The funds were allegedly donated to life science companies.
FTX claims the donations were made for Bankman-Fried's 'personal aggrandizement'.
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CryptoCurrency
ASIC Cancels License of Bankrupt FTX Australia
2023-07-19T08:29:27.406+02:00
The regulator initially suspended the license of the crypto exchange on 14 November 2022.
The administrators of the Aussie subsidiary are yet to resume withdrawals.
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