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Silvergate Capital files for Chapter 11 bankruptcy in Delaware

[yesterday 5:45 PM] The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.

Partner of ex-FTX exec pleads not guilty to campaign finance charges

[yesterday 4:10 PM] Michelle Bond was free on a $1-million bond and restricted from traveling outside the continental US, while her partner, Ryan Salame, is expected to report to prison on Oct. 11.

US gov’t cites Caroline Ellison’s ‘extraordinary cooperation’ before sentencing

[Sep 17 9:26 PM] Lawyers representing the former Alameda Research CEO have requested time served and supervised release — an outcome that appeared more likely after a filing by US Attorneys.

SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

[Sep 17 7:30 PM] The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights…

FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations

[Sep 17 6:26 PM] International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022.

Prager Metis to pay $745K to settle SEC charges over FTX audit misconduct

[Sep 17 5:16 PM] The regulator alleges that Prager issued two audit reports for FTX between February 2021 and April 2022 that falsely represented auditing standards. 

Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison Sentence

[Sep 14 6:30 PM] Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance…

FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal Errors

[Sep 14 1:45 PM] Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different…

Sam Bankman-Fried files appeal for felony conviction

[Sep 13 7:47 PM] Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial, was convicted of seven felony counts, and was sentenced to 25 years in prison.

Judge questions if ex-FTX exec perjured himself in guilty plea

[Sep 12 5:02 PM] At a Sept. 12 hearing, Judge Lewis Kaplan moved up Ryan Salame’s reporting date by two days and considered vacating his guilty plea.

Ex-Alameda CEO was trying to prevent ‘AI disaster’ — former FTX employee

[Sep 11 5:50 PM] Caroline Ellison's ex-boyfriend, Sam Bankman-Fried, was sentenced to 25 behind bars for his role in the collapse of the FTX exchange. 

Caroline Ellison asks for time served, citing cooperation with US gov’t

[Sep 11 3:41 PM] The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022.

Former FTX Executive Caroline Ellison's Sentencing Hearing Set for Sept. 24

[Sep 11 12:51 AM] Former Alameda Research CEO Caroline Ellison's sentencing hearing has been scheduled for Sept. 24, 2024, at 3:00 p.m. EDT.

Caroline Ellison asks to seal supporters’ info at Sept. 24 sentencing

[Sep 10 3:32 PM] A filing in federal court suggested that the former Alameda Research CEO had a sentencing hearing scheduled for Sept. 24 — the first in the FTX case since Ryan Salame’s in May.

FTX finalizes settlement with Emergent over $600M Robinhood shares claim

[Sep 10 4:32 AM] FTX debtors will pay Emergent $14 million to cover administrative expenses in exchange for the firm withdrawing any claims to $600 million in Robinhood shares and cash.

Crypto Biz: US regulators crack down on Uniswap

[Sep 6 9:00 PM] This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.

Prosecutors Tell NY Court They Didn’t Renege on FTX Exec Ryan Salame’s Plea Deal

[Sep 6 3:40 PM] Federal prosecutors have fired back against Ryan Salame’s allegations that they reneged on agreements made in the former FTX executive’s plea deal – namely, that they would cease criminal investigations into Michelle Bond, Salame’s longtime partne

US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal

[Sep 5 9:36 PM] Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China. 

Behind bars: 6 crypto execs who did time and one who got away…

[Sep 3 10:00 PM]  These crypto leaders had it all, but that couldn’t stop them from going to jail.

SEC charges fund adviser Galois Capital for FTX crypto custody

[Sep 3 7:16 PM] The fund allegedly lost about half of its assets following FTX's collapse. 

Ripple lawyer slams SEC use of 'crypto asset security' 

[Sep 3 2:11 AM] Ripple's chief legal officer Stuart Alderoty says the term is “fabricated” with no legal basis. 

Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’

[Sep 2 11:30 PM] Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not…

SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan

[Sep 2 3:20 PM] The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these…

SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

[Sep 2 7:48 AM] The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday.

SEC says it could challenge FTX crypto repayment plan

[Sep 2 4:40 AM] The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets.

Judge orders ex-FTX exec to appear after request to vacate guilty plea

[Aug 30 6:28 PM] Despite withdrawing a petition to void his guilty plea, Ryan Salame must appear in a New York courtroom on Sept. 12 as scheduled.

Justin Sun taunts SUN token bears after 240% rally — SBF déjà vu?

[Aug 30 1:01 PM] The X post draws immediate similarities to a previous post of FTX’s Sam-Bankman Fried, back when the Solana token was trading at just $3.

9 months after SBF conviction, Peter Singer defends effective altruism in debate

[Aug 30 1:00 PM] According to the prominent voice for effective altruism, Sam Bankman-Fried’s version of the philosophy was only one among many.

Ex-FTX exec scraps vacating guilty plea, refers matter to partner’s case

[Aug 29 9:49 PM] Former FTX Digital Markets co-CEO Ryan Salame pleaded guilty to two felony charges in September 2023 and was sentenced to 90 months in prison in May 2024.

Jailed FTX Exec Withdraws His Request to Compel Government to Abide by Plea Deal

[Aug 29 9:38 PM] Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the conditions of his plea deal with prosecutors be enforced or that his plea be thrown out and his…