Sam Bankman-Fried was sentenced to 25 years for orchestrating a massive fraud at FTX. FTX’s collapse led to tighter regulations and increased scrutiny in the crypto industry. Sam Bankman-Fried’s story…
Browsing: FTX
FTX agrees to an $885 million settlement on a $24 billion IRS claim, after announcing that 98% of creditors will receive 118% of their claims in cash. IRS to receive…
Sam Bankman-Fried (SBF) has granted his first interview since sentencing. He and his legal team plan to appeal his 25-year sentence soon. Sam Bankman-Fried (SBF), the former CEO of the…
FTX and its affiliate Alameda Research have liquidated a significant portion of their cryptocurrency assets, totaling $98 million in April. FTX creditors are expressing discontent with the proposed plan while…
FTX’s announcement regarding the commencement of the third tranche of the auction for locked Solana coins has injected optimism into the market amidst a broader sell-off. Despite the recent bearish…
Sam Bankman-Fried is reported to have filed a settlement agreement to assist FTX customers go after celebrity promoters. Some of these promoters have already contributed to a common fund of…
The bankruptcy estate of FTX intends to auction a second batch of Solana tokens worth billions, and some of the largest crypto investment firms have expressed interest. The estate previously…
The settlement requires Bankman-Fried’s cooperation, including providing extensive information about FTX-related entities and his investments in Anthropic. The ongoing civil lawsuit in the Southern District of Florida involves multiple FTX…
US Senators are closely relooking into the FTX and Alameda case to properly regulate the web3, stablecoins, and digital assets industry. The US Congress has admitted that no one single…
The founder of FTX exchange and Alameda Research, Sam Bankman-Fried, has been sentenced to 25 years in prison with a three-year supervised release. However, some crypto enthusiasts have expressed their…
The ongoing legal battle over the valuation of ‘Sam Coins’ reflects the challenges FTX faces in repaying its customers. The outcome of this lawsuit could significantly impact regulatory scrutiny and…
Pantera Capital is looking to purchase $250 million worth of SOL tokens. SOL bulls are awake and active as $200 is in view according to on-chain analysis Billion-dollar asset management…
SBF was found guilty of all the fraud charges and is currently awaiting final sentencing. The SBF legal team is currently fighting for the former FTX CEO to get lower…
Former FTX and Alameda officials were found guilty of manipulating Bitcoin price action by dumping users’ coins in the previous crypto bull market cycle. Market experts believe the news era…
FTX sold approximately $1 billion of Grayscale’s Bitcoin ETF, significantly impacting Bitcoin’s market value. The recent sale by FTX led to a noticeable drop in Bitcoin price, with current values…
The FTX debtors filed to repay the creditors in the same value as the time of collapse, which could deny them the notable gains made in 2023. The distressed crypto…
SBF lawyers request for a delayed sentencing for the former FTX boss. Judge Lewis Kaplan has officially rejected the request. As the cryptocurrency community awaits the outcome of the ongoing…
Between August and October this year, the collapsed FTX exchange forked out $118 million in advisory and legal fees, equating to a staggering $1.3 million daily and $53,000 an hour.…
FTX lawyers continue to dispute the behemoth amount claimed by the Internal Revenue Service (IRS) from the now-defunct crypto exchange. This amount could significantly impact the potential payouts to victims…
Coinbase recorded a stellar surge in November with shares jumping 60 percent. This upsurge come when key rivals Binance and FTX faced crucial regulatory woes. Coinbase Global Inc., a leading…