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[Aug 29 9:38 PM] Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the conditions of his plea deal with prosecutors be enforced or that his plea be thrown out and his…

In prison and awaiting sentencing — Where are the FTX execs now?

[Aug 29 5:10 PM] Sam Bankman-Fried faces 25 years behind bars, while the fate of four others indicted in the case has largely yet to be determined.

US authorities oppose ex-FTX exec’s motion to void plea deal

[Aug 26 5:01 PM] The US Attorney’s Office said Ryan Salame made a “demonstrably false” allegation by claiming prosecutors did not intend to continue investigating his partner, Michelle Bond.

FTX’s Ryan Salame Seeks to Void Guilty Plea, Citing Government’s Alleged Breach of Plea Agreement

[Aug 23 6:30 PM] Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement that led him to plead guilty by resuming an…

Crypto Promoter and Failed Politician Michelle Bond Accused of Illegally Taking FTX Cash

[Aug 22 7:21 PM] Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and…

Partner of ex-FTX exec hit with campaign finance charges

[Aug 22 6:12 PM] Michelle Bond, who ran for a seat in the US House of Representatives in 2022, faces four charges related to violations of campaign finance law.

FTX says creditors supported reorganization plan with 95% vote

[Aug 22 11:59 AM] FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.

Former FTX Executive Ryan Salame Claims Government Backtracked on Plea Deal: Filing

[Aug 22 9:01 AM] Salame's counsel argued in a filing that the government resumed investigating his domestic partner, ADAM CEO Michelle Bond, despite despite assurances that the investigation would cease if he cooperated.

Ryan Salame seeks to void guilty plea, says fed didn’t keep promise

[Aug 22 3:48 AM] The government has reneged on its agreement to stop investigating his partner, claims former FTX executive Ryan Salame.   

Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound

[Aug 14 2:30 AM] Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among…

Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype

[Aug 11 2:30 AM] A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents…

US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

[Aug 8 6:05 PM] A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of…

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

[Aug 8 6:44 AM] United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.

NY judge approves $12.7B settlement between FTX, Alameda and CFTC

[Aug 8 4:51 AM] United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors.

Gov. Tim Walz accepted — and returned — $4K donation from FTX exec

[Aug 7 6:40 PM] Nishad Singh and Sam Bankman-Fried contributed to the campaigns of two Minnesota policymakers mere days before FTX’s collapse in 2022.

Solana Price Crashes Below $160 Amid Revelations Of FTX’s Hidden SOL Stash

[Aug 3 6:30 AM] The Solana price has been rocked by the latest bombshell revelations surrounding the collapse of crypto exchange FTX. According to a whistleblower claiming inside knowledge of FTX’s operations, the now-bankrupt company is secretly holding a…

Bitwise exec says, ‘We’re not bullish enough,’ amid political sway to crypto

[Aug 1 4:35 AM] Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step, given it felt more like a “daydream” a year ago.

The Bahamas 'Dares' Again 1.5 Years After FTX Collapse, Brings in New Crypto Law

[Jul 31 12:36 PM] The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday.

Judge grants ex-FTX exec’s request to postpone reporting to prison

[Jul 30 10:04 PM] Ryan Salame will have an additional 45 days of freedom after his lawyers said there were medical complications due to a dog bite.

FTX class action lawyers move to block Sullivan & Cromwell’s dismissal motion

[Jul 30 5:00 PM] Lawyers for FTX class action are challenging Sullivan & Cromwell’s dismissal request, claiming the law firm facilitated FTX’s fraudulent activities.

Ex-FTX exec asks for delay reporting to prison after dog attack

[Jul 27 10:00 AM] Ryan Salame was scheduled to report to prison on Aug. 29 after being sentenced to 90 months for charges related to the misuse of FTX user funds.

Judge approves delaying forfeiture of donations from FTX-funded PACs

[Jul 26 12:52 PM] Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of his crypto exchange.

Federal Reserve Board drops enforcement action against Silvergate

[Jul 26 11:01 AM] Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.