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Late Evidence In Criminal Trial Irks SBF, FTX Explores Options For AI Stock Sale

[Jun 7, 2023 11:00 AM] Former FTX CEO Sam Bankman-Fried (SBF) is still entwined in his legal battle over the FTX crisis. In a letter, SBF’s legal team stated that prosecutors are behind on deadlines for vital evidence to build their defense on numerous fraud charges. …

No More FTXs! Consensus 2023 Attendees Discuss Future of Crypto Custody

[Jun 7, 2023 7:00 AM] FTX's collapse reignites the self-custody debate with Consensus 2023 attendees in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.

SEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't sued

[Jun 7, 2023 12:16 AM] “Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.

SBF upset by criminal trial's late evidence while FTX seeks sale of AI stock

[Jun 6, 2023 10:47 PM] Over 3.6 million documents have yet to be produced by prosecutors in the criminal trial of Sam Bankman-Fried, according to his lawyers.

Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report

[Jun 6, 2023 7:45 AM] At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.

Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors

[Jun 5, 2023 3:42 PM] The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.

New York’s Met Museum Agrees to Return $550K in FTX Donations

[Jun 5, 2023 3:24 AM] The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse.

Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

[Jun 2, 2023 3:30 PM] This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.

SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense

[May 31, 2023 3:15 PM] The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.

Liquidators Of Sam Bankman-Fried’s Alameda Research Have Scavenged $110 Million Of Bitcoin After Losing Billions

[May 31, 2023 12:51 PM] Liquidators in charge of the recovery of assets for the now-disgraced Alameda Research hedge fund founded by Sam Bankman-Fried currently control over $110 million worth of bitcoin held in various wallets, according to a report supplied by…

Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say

[May 30, 2023 2:00 PM] The charges relating to Sam Bankman-Fried’s alleged bank fraud, operating an unlicensed money transmitter service and bribing Chinese officials may be dropped.

US district judge sends matter of FTX independent examiner to appellate court

[May 30, 2023 1:00 PM] A bankruptcy judge denied a motion for an independent examiner in February, leading to an appeal that may now go to the U.S. Court of Appeals for the Third Circuit.

FTX Examiner Appointment Referred to Court of Appeals by District Judge

[May 30, 2023 9:32 AM] The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost

U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say

[May 30, 2023 2:13 AM] Lawyers for the disgraced exchange executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues.

Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100

[May 29, 2023 11:30 PM] A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the crypto industry. FTX, a crypto exchange that has since gone out of…

Crypto exchange TrigonX latest to emerge from the FTX rubble

[May 29, 2023 10:12 PM] TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.

Singapore's Temasek to Exercise Caution in Crypto Space After FTX Nightmare

[May 28, 2023 10:21 PM] Temasek wrote down the entirety of its investment in FTX in November.

Zondacrypto CEO: MiCA Regulations Will Stop ‘Rogue Exchanges’ From Profiting From Criminal Activity

[May 26, 2023 5:30 AM] Although the implementation of the recently approved Markets in Crypto Assets (MiCA) regulations is likely to be difficult, their coming into force is going to have a positive outcome for everyone in the industry, Przemyslaw Kral, the CEO of the…

Alameda-Backed ‘Samcoins’ CEO Alex Grebnev Sued by CoinTelegraph Owner Gregory Fishman

[May 25, 2023 2:00 PM] Alex Grebnev, CEO of the Maps.me (MAPs) and Oxygen (OXY) cryptocurrency projects closely linked to Sam Bankman-Fried’s failed FTX empire, is being sued by Gregory Fishman, reportedly an owner of crypto news site CoinTelegraph on allegations of fund…

Shaquille O'Neal hit with FTX and Astral NFT suits during NBA game

[May 24, 2023 9:02 PM] Process servers claim they were able to reach and serve the former basketball star during an NBA game at the home arena for the Miami Heat, formerly known as FTX Arena.

Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal

[May 23, 2023 2:30 PM] Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring…

DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini

[May 23, 2023 4:00 AM] In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may…

FTX 2.0 to launch soon? Court filing shows a reboot plan in the works

[May 23, 2023 3:09 AM] The new FTX CEO has undertaken a series of meetings over the past month to work on the relaunch of the failed crypto exchange by entering in a bidding process.

FTX CEO's Legal Billings Continue to Hint at '2.0 Reboot'

[May 22, 2023 11:02 PM] John Ray III billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials

Ripple CEO: ‘Confusing’ US Crypto Rules Benefiting Europe

[May 22, 2023 10:30 PM] The United States’ confusing crypto regulations have forced firms like Ripple to consider investing outside the country, and Europe has been a “significant beneficiary” of this confusion, Brad Garlinghouse has said. The Ripple CEO…

‘Big Short’ author Michael Lewis almost ready to publish book on SBF

[May 20, 2023 12:04 AM] The author didn’t want to give away too many details on the book, but did note that his recounting of the FTX collapse “aims to read like a piece of fiction.“

‘Big Short’ Author Michael Lewis On The Financial Crisis, FTX And Bitcoin’s Freedom From Intermediaries

[May 19, 2023 3:06 PM] Best-selling author and journalist Michael Lewis, known for writing “The Big Short,” “Moneyball” and “The Blind Side,” offered his perspective on the current financial landscape and the rapidly-changing world of cryptocurrency on stage today a

MIAX completes acquisition of FTX subsidiary LedgerX

[May 19, 2023 11:30 AM] The deal was announced in April and approved by the bankruptcy judge on May 4.

FTX Units Sue Embed Shareholders, Seek to Retrieve $6.9M

[May 18, 2023 3:35 AM] Alameda alleges that Bankman-Fried and other insiders paid Embed misappropriated FTX funds in late September 2022, only weeks before the crypto exchange filed for bankruptcy.

U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy

[May 18, 2023 2:09 AM] A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings.