Judge Punts on FTX Founder Sam Bankman-Fried's Efforts to Dismiss Some Charges
[Jun 15, 2023 10:55 AM]
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U.S. Justice Department Agrees to Try Sam Bankman-Fried on Original Charges Only for Now
[Jun 14, 2023 10:50 PM] Prosecutors with the U.S. Department of Justice wrote late Wednesday night that they would agree to try FTX founder and former CEO Sam Bankman-Fried on only the original eight charges filed in January after a court in the Bahamas blocked the local…
Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown
[Jun 7, 2023 11:30 AM] In a recent statement, former U.S. Federal Reserve chair and current Treasury secretary, Janet Yellen, expressed her desire for Congress to enact more regulatory measures concerning the cryptocurrency industry. Yellen cited Treasury reports on…
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
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
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.
U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy
[May 10, 2023 1:05 PM] The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes.
Why Author Brady Dale Is 'Drowning' in Sam Bankman-Fried
[May 9, 2023 7:32 AM] Before his business collapsed, FTX founder Sam Bankman-Fried built one of the cryptocurrency industry's largest exchanges and personal brands by dazzling the media, public and politicians. Axios reporter Brady Dale argues SBF's addiction to fame…
FTX's Sam Bankman-Fried Moves to Dismiss Most Criminal Charges Against Him
[May 8, 2023 9:12 PM] FTX founder Sam Bankman-Fried filed pretrial motions to dismiss a majority of the charges he faces on various grounds late Monday.
'Opportunism and Demagoguery' Fuel the U.S. Regulatory Crackdown, Steptoe Partner Says
[Apr 28, 2023 3:30 PM] Steptoe Partner Jason Weinstein, on the stage at Consensus 2023 in Austin, Texas, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen.
FTX Free to Explore Sale of Europe Arm, Swiss Court Decides
[Apr 12, 2023 7:06 AM] The firm said FTX Europe AG, the holding company of its European business, filed a petition for a Swiss moratorium proceeding, which was granted on Tuesday.
Snoop Dogg Sports Blinged-Out Crypto Hardware Wallet at Wrestlemania 39
[Apr 7, 2023 1:30 PM] Four days ago, the American rapper, entrepreneur, and owner of Death Row Records, Snoop Dogg, hosted WWE’s annual event, Wrestlemania 39, in Hollywood. The rap star was spotted wearing a gold and black diamond Ledger Nano X around his neck on…
Crypto Trading Firm Auros Secures $17M Investment as It Recovers From FTX Woes
[Mar 20, 2023 6:42 PM] Auros Global, the trading firm that reportedly lost $20 million on FTX’s implosion, was released from provisional liquidation of British Virgin Island court after major debt restructuring and a fresh $17 million investment led by TradFi trading…
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
[Mar 20, 2023 4:09 AM] The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged.
Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’
[Feb 20, 2023 5:00 PM] Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and…
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
[Feb 18, 2023 9:30 AM] Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law…
Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners
[Feb 17, 2023 4:00 AM] The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required…
Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs
[Feb 13, 2023 5:30 PM] Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy…
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
[Feb 7, 2023 11:30 AM] Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge…
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance
[Feb 3, 2023 4:00 PM] Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts…
U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors
[Jan 28, 2023 7:00 AM] The U.S. government is set to tighten regulations to mitigate the growing risks associated with the crypto industry. This development comes after increased scrutiny following the collapse of FTX and Terra Luna in 2022. In a press release on…
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…
FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies
[Jan 26, 2023 11:30 AM] The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb…
Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy
1inch Network Launches Hardware Wallet for Storing Users’ Private Keys in a Secure Offline Setting
[Jan 19, 2023 3:30 PM] The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this…
New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over
[Jan 19, 2023 1:30 PM] Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring…
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate
[Jan 18, 2023 9:00 AM] On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief…
Alameda wallet under liquidator control incurred $11.5M in losses: Arkham
[Jan 16, 2023 6:44 PM] According to crypto analytics firm Arkham, at least $4 million of these losses were "preventable losses."
Former President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread
[Jan 15, 2023 10:30 AM] The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane…
FTX’s Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF Fraud Charges
[Jan 11, 2023 11:30 AM] As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits…