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Ex-Alameda exec Trabucco gives up yacht, apartments in FTX settlement

[Nov 11 9:32 PM] Sam Trabucco left Alameda Research months before the FTX collapse and kept his head down — probably on his yacht Soak My Deck.

Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

[Oct 14 2:39 AM] In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.

New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing

[Mar 22 12:30 PM] A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal…

Token Sale Ahead: Celsius to Convert Customer ‘Altcoins’ to BTC and ETH

[Jun 15, 2023 5:30 PM] Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth of coins…

SEC objection to Voyager-Binance.US deal questioned by US judge

[Mar 2, 2023 9:29 PM] A U.S. judge scolded the SEC over its non-specificity on its objection to Voyager’s restructuring deal and asked for specifics on its concerns.

Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase

[Feb 15, 2023 9:00 AM] A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former…

FTX Lawyers Attempt to Question Bankman-Fried’s Family and Inner Circle for Financial Insight

[Jan 27, 2023 1:30 PM] According to court documents in the FTX bankruptcy case, the company’s attorneys seek to subpoena FTX co-founder Sam Bankman-Fried, his brother Gabriel Bankman-Fried, and his parents, Joseph Bankman and Barbara Fried. Additionally, the…

Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX

[Jan 21, 2023 2:30 PM] On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom…

FTX Customers File Class Action to Claim Assets Within Bankruptcy Case

[Dec 28, 2022 11:30 AM] A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their…

Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing

[Dec 15, 2022 2:30 PM] According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian authorities that Sam Bankman-Fried (SBF) sent…

Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’

[Nov 23, 2022 11:30 AM] On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan…

FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated

[Nov 22, 2022 9:30 AM] According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to…