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How Much Is Too Much to Spend on FTX's Bankruptcy?

[Jun 30, 2023 11:16 AM] Are Sam Bankman-Fried’s victims being ripped off a second time?

FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic

[Jun 29, 2023 10:30 PM] Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result…

Report: FTX Management Seeks Investors to Revive Defunct Crypto Exchange; Exchange Token FTT Surges

[Jun 29, 2023 1:30 PM] FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary…

FTX Customers Have Until End-September to Submit Bankruptcy Claims

[Jun 29, 2023 2:48 AM] Former customers will receive an email containing a link to the Customer Claims Portal.

FTT Flies 45% On Rumors Of FTX Planned Relaunch

[Jun 28, 2023 8:00 PM] FTT, the native currency of FTX and its ecosystem, is up 45% when writing on June 28. This positive price action follows a report by the Wall Street Journal that the exchange’s new management has started receiving proposals from parties interested…

FTX Puts Sale Of $500 Million Stake In AI Firm Anthropic On Hold

[Jun 28, 2023 12:00 PM] The bankrupt cryptocurrency exchange FTX has suddenly halted the sale of its highly valued asset: its stake in the artificial intelligence startup, Anthropic. This abrupt decision introduces potential delays in addressing the remaining $2 billion…

TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team

[Jun 27, 2023 11:49 PM] Armanino’s digital asset team rebranded itself to The Network Firm, as CoinDesk reported, to continue performing audits and attestations after the collapse of FTX.

FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report

[Jun 27, 2023 6:00 PM] On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury…

FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg

[Jun 27, 2023 3:27 PM] The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.

Judge says arguments behind SBF’s motions to dismiss criminal charges are ‘moot or without merit’

[Jun 27, 2023 11:15 AM] Former FTX CEO Sam Bankman-Fried will likely still face 13 criminal counts over two separate trials starting in October 2023 and March 2024.

Judge Rejects FTX Founder Sam Bankman-Fried's Motions to Dismiss Criminal Charges

[Jun 27, 2023 10:01 AM] U.S. Judge Lewis Kaplan denied several of Sam Bankman-Fried's motions to dismiss criminal charges against him. He had previously denied the FTX founder's remaining motions to dismiss charges.

The Second FTX Asset Recovery Report Is Packed With Bombshells

[Jun 27, 2023 9:24 AM] New claims put FTX and Alameda Research founder Sam Bankman-Fried and his friends even closer to the center of a brazen conspiracy.

FTX splurged on cartoon, book about humans and 'Pineapple House,' alleges CEO

[Jun 27, 2023 12:10 AM] Thousands in grants were given out by former FTX executives for niche projects, according to a report by FTX restructuring chief John Ray.

FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations

[Jun 26, 2023 2:32 PM] Tracing funds is highly challenging, according to the FTX Debtors’ second interim report, and there is no doubt that that was by design.

FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B

[Jun 26, 2023 11:40 AM] Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III.

Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for Regional Adoption

[Jun 26, 2023 11:30 AM] In contrast to the regulatory stance taken by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Supervisory Agency (CFTSA) of the Republic of Indonesia has officially labeled 501 cryptocurrencies as commodities. The…

Tokenized FTX claim is used as collateral for a loan

[Jun 24, 2023 1:43 PM] A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan.

FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme

[Jun 24, 2023 4:30 AM] According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege…

Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report

[Jun 23, 2023 1:30 PM] The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification.

Sequoia partner says investing in FTX was the right move: Report

[Jun 23, 2023 1:00 PM] Sequoia’s Alfred Lin stood up for the firm’s $213.5 million investment in the now-bankrupt crypto exchange FTX.

SEC waives BlockFi’s $30M fine until creditors are paid

[Jun 23, 2023 10:30 AM] The U.S. SEC was at the top of BlockFi creditor’s list with a $30-million settlement balance from February 2022.

Sam Bankman-Fried Can't Subpoena Law Firm Fenwick & West for Documents, U.S. Judge Rules

[Jun 23, 2023 10:13 AM] The founder of collapsed crypto enterprise FTX had argued legal advice from the Silicon Valley law firm was "at the core" of the government's criminal allegations against him.

Alameda Seeks Return of $700M Paid to ‘Super Networkers’ for Celebrity, Political Access

[Jun 23, 2023 2:41 AM] Sam Bankman-Fried promised billions to Michael Kives and Bryan Baum after being awed by their connections to politicians, billionaires and reality TV stars.

SEC Relinquishes $30M BlockFi Penalty Until Investors Are Repaid

[Jun 23, 2023 2:26 AM] The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.

FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

[Jun 22, 2023 5:30 PM] After a Hollywood dinner party, hundreds of millions of dollars of “avoidable” transfers were sent from Alameda to investment firm K5 Global, the suit alleges.

US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried's arrest

[Jun 22, 2023 8:36 AM] The chair of a U.S. House oversight subcommittee said all of the documents the SEC had provided on Sam Bankman-Fried's charges and arrest had been publicly available at the time.

FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor

[Jun 21, 2023 12:01 AM] The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.”

Realtor may have accepted $3M offer for Washington DC property linked to Sam Bankman-Fried

[Jun 19, 2023 10:23 AM] The Washington D.C. townhouse owned by Guarding Against Pandemics was listed as “contingent” on a real estate website, suggesting the party handling the deal has accepted an offer.

Twitter Divided as Speculations Swirl Around FTX 2.0 Reboot: Supporters Rally for Revival, Opponents Skeptical

[Jun 18, 2023 12:30 PM] Twitter users have been engaged in a lively discussion about the possibility of a reboot for the FTX estate, following recent reports in late May. Opinions on the matter are divided, with opponents of the idea expressing their reservations, while…

5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle

[Jun 17, 2023 11:30 AM] The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed”…