Sam Bankman-Fried, the former FTX founder is accused of using a Virtual Private Network (VPN) to access the internet, which has concerned U.S. prosecutors. U.S. Attorney Damian Williams stated that the government considered utilizing a VPN to “raise numerous possible concerns. Including instances of American users accessing specific international crypto
After millions were sent to politicians and action committees by FTX’s founder and former CEO Sam Bankman-Fried (SBF) or others in his administration. FTX said Sunday that the insolvent crypto exchange wanted its money back. Newly assigned to monitor the Chapter 11 bankruptcy of the FTX after its collapse in
In an attempt to reclaim $445.8 million in loan payments made by FTX before declaring for bankruptcy, the defunct cryptocurrency exchange reportedly sued crypto lender Voyager Digital on Monday. Voyager declared bankruptcy in July, and FTX followed suit in November. According to the legal documents, FTX said that it had
As early as August, eight months before the exchange’s tragic demise in November, the Australian financial authorities apparently voiced worries about FTX’s local Australian affiliate. Guardian Australia has received documents showing that the Australian Securities and Investments Commission (ASIC) was worried about FTX Australia’s operations after it was granted a
The crypto communities keenly observed FTX case had taken a few new turns such as the request for interrogating the previous CEO’s parent and sibling. The Bankman-Fried family will probably be answering the FTX lawyer’s question under the oath. Courts proceedings between the SEC and the collapsed crypto firm FTX
According to court documents, the bankrupt crypto exchange FTX owes money to several companies, including Apple, Binance, Coinbase, Netflix, and more. At a hearing in early January, Judge John Dorsey, who is dealing with the case, ordered the identities of specific creditors to stay hidden for three months, but he
BlockFi, a cryptocurrency lender, has revealed its revenue figures. The filing describes the consequences of an FTX loan in June on 13 BlockFi executives. BlockFi’s equity interests were wiped out by a total of $800 million as a result of the loan. A statement of financial affairs released by the
The next FTX bankruptcy hearing is scheduled on Wednesday, January 11, at 9 a.m. EST in the District of Delaware Bankruptcy Court. The former CEO of FTX Sam Bankman-Fried’s ‘SBF’ attorneys will join the discussion about the deadline expansions and auction of distressed assets. Additionally, the court proceeding is to
Sam Bankman Fried’s (SBF) former roommate and confidant is reportedly looking to secure a plea deal. Nishad Singh, the former engineering chief at FTX, reportedly met with federal prosecutors to join Bankman Fried’s inner circle and negotiate a cooperation agreement in the fraud case involving the collapse of the cryptocurrency
Prosecutors in the United States are investigating Binance’s ties to American hedge funds. As part of a long-running probe into the exchange’s alleged breaches of money-laundering laws. Recent reports indicate that the U.S. Attorney’s Office for the Western District of Washington has issued subpoenas requiring investment firms to disclose their
