Results for "ftx"
FTX engages Galaxy Digital to oversee, sell, and hedge its crypto assets
Bankrupt exchange FTX wants to hire Mike Novogratz’s Galaxy to assist with selling, staking, and hedging its crypto assets. The proposed agreement would see Galaxy managing and trading certain digital assets owned by FTX to convert them into fiat currency or stablecoins.…
FTX’s bankruptcy rakes up nearly $50m monthly in legal feesÂ
FTX creditors are looking to expedite bankruptcy proceedings as legal fees are becoming increasingly expensive, possibly eating into the money paid to creditors. While attorneys of FTX are working towards recovering what remains of the once global crypto exchange and…
Citi survey: more firms exploring blockchain despite FTX setback
Citi’s recent report highlights the growing engagement with DLT and crypto, emphasizing both the progress and challenges faced by the sector in the past year
Former FTX boss plans to blame prior legal counsel ahead of October hearing
Former FTX CEO Sam Bankman-Fried’s defense team plans to highlight the role of previous legal counsel in key decisions as his trial approaches in October
BlockFi battles FTX, 3AC in court over repayment claims
Bankrupt BlockFi is contesting efforts by the insolvent FTX and Three Arrows Capital (3AC) to recover millions of dollars owed to their creditors. In a filing to a New Jersey bankruptcy court on Aug. 21, BlockFi insisted that its creditors…
FTX founder Bankman-Fried ‘on bread and water’ in jail, lawyers claim Sixth Amendment violation
Sam Bankman-Fried, the 31-year-old founder of the bankrupt FTX cryptocurrency exchange, pleaded not guilty to a fresh indictment involving fraud and conspiracy. His lawyer voiced concerns about Bankman-Fried’s treatment in jail during his first appearance in Manhattan federal court after…
Mantle blocks FTX from converting $43m in BIT tokens to MNT
Mantle DAO community member proposed restricting FTX from converting $43 million in BitDAO tokens to MNT amid ongoing token migration. A community member within the Mantle decentralized autonomous organization (DAO) has initiated a discussion proposing to restrict the collapsed FTX…
US Fed takes action against bank linked to FTX’s Alameda Research
The Federal Reserve has taken action against Farmington State Bank, previously linked to FTX, following undisclosed business strategy shifts
Former FTX exec Salame not willing to testify against SBF
Sam Bankman-Fried’s criminal prosecution for alleged unlawful campaign donations won’t include testimony from former FTX co-CEO Ryan Salame. Information from an Aug. 14 filing by U.S. federal prosecutors shows that Ryan Salame plans to invoke his Fifth Amendment right. It…
FTX founder to face charges over illegal campaign finance scheme
US authorities are preparing to charge FTX founder Sam Bankman-Fried with an illegal campaign finance scheme, per court documents filed on Aug. 8. In a twist to the legal case, the prosecutors plan to file a superseding indictment for the…
Former FTX exec discusses plea deal with US prosecutorsÂ
Former co-CEO of FTX Digital Markets, Ryan Salame, is reportedly holding talks with US federal prosecutors about a guilty plea deal. Ryan Salame, who was one of Sam Bankman-Fried’s close associates, is negotiating a guilty plea with US prosecutors, according…
Former FTX legal consultants face another lawsuitÂ
Crypto clients filed a new lawsuit against a legal company, Fenwick & West LLP, a former consultant of the now-defunct FTX exchange. The California-based law firm, which had served as FTX’s principal external counsel, faces a class action complaint. The…
Coinbase battles US SEC, Worldcoin concerns mount, FTX announces reorganization plans | Weekly recap
This week, Coinbase’s legal dispute with regulators unfolds as the crackdown on hacks and scams intensifies. Meanwhile, Worldcoin is under scrutiny and FTX announces reorganization plans. Coinbase vs. US SEC Coinbase Global (COIN) continues to garner significant attention for its…
US DoJ wants former FTX boss, Sam Bankman-Fried, to be detained
The United States Department of Justice (DoJ) has asked for Sam Bankman-Fried, the former CEO of FTX, a now-defunct exchange, to be detained
Arkham Intelligence offers bounty for identifying FTX hacker
Blockchain analytics company Arkham Intelligence announced a bounty for information about the identity of the hacker that compromised the now-defunct cryptocurrency exchange FTX. In the announcement, Arkham Intelligence promised a bounty of 100,000 ARKM (the platform’s own tokens) for a…
Kraken’s co-founder skeptical of FTX 2.0’s revival plan
Kraken co-founder Jesse Powell doubts FTX 2.0’s potential to bounce back from bankruptcy
Terraform Labs receives approval to subpoena FTX files
Judge John Dorsey from the U.S. Bankruptcy Court has sanctioned Terraform Labs’ request to subpoena vital documents, potentially aiding its defense against fraud charges made by the SEC in the ongoing FTX bankruptcy case. District of Delaware’s U.S. Bankruptcy Court…
FTX reorganization plan announced, FTT rallies
The fallen cryptocurrency exchange FTX and its Unsecured Creditors Committee (UCC) announced its plan to reorganize and launch a new project called FTX 2.0. On May 23, the exchange revealed its initial plan to relaunch the project with its new…
