Robinhood has reportedly reached a deal with the US Marshals Service to buy back shares. As a result, the firm plans to repurchase $605.7 million worth of shares from Sam Bankman-Fried’s (SBF) Emergent Fidelity Technologies. Following the bankruptcy filings of SBF’s FTX and Emergent last year, the equities in issue
FTX founder Sam Bankman-Fried (SBF) has asked to be released from jail for five days every week so that he and his attorneys may prepare their defense after the DOJ revoked his bail a week ago. Lawyers for SBF wrote to US District Judge Lewis Kaplan on Friday to complain
Sam Bankman-Fried, the former CEO and founder of the FTX cryptocurrency exchange, has been sent to jail after a U.S. judge revoked his bail. The decision comes ahead of his upcoming trial, where he faces multiple financial crime charges stemming from FTX’s collapse in November 2022. U.S. District Judge Lewis
In the ongoing legal action against the bankruptcy crypto exchange FTX, CEO Sam Bankman-Fried is getting fired every day. The U.S. Department of Justice (DOJ) has again asserted that Bankman-Fried should be “detained pending trial” due to his sharing of former Alameda Research CEO Caroline Ellison’s diary with the New
FTX, the bankrupt crypto exchange, has recently reached an agreement on principle with Genesis to resolve the claims made by both firms in an ongoing lawsuit over Chapter 11 cases. In the latest development, the crypto exchange wants to remove its Dubai unit from the legal proceedings, according to court
FTX co-founder Sam Bankman-Fried is currently in a legal battle that has sparked a debate over First Amendment rights. He contends that his potential imprisonment would violate his freedom of speech. This has led to a discussion about the boundaries of expression during ongoing legal proceedings. Bankman-Fried has been under
Defunct crypto exchange FTX.com has filed an initial “Plan of Reorganization” with the U.S. Bankruptcy Court, offering a glimmer of hope for the exchange’s revival. The proposed plan outlines a potential restart, but with a catch – it would only be available to “offshore customers.” The FTX Debtors filed their
Venture capital powerhouse Sequoia Capital is said to have reduced the size of its cryptocurrency fund from $585 million to $200 million. The tech-focused VC company reportedly informed investors in March that it will cut the size of its Sequoia Crypto Fund and ecosystem fund to better reflect shifting market
FTX, the leading crypto exchange, is facing issues as its former CEO, Bankman-Fried has been accused of criminal charges. In the latest development, the bankrupt crypto firms FTX and Genesis have reached an agreement in principle. It would resolve the claims made by both firms in their ongoing lawsuits over
FTX, one of the leading crypto exchanges, and Alameda hope to recover more than $71 million from FTX’s philanthropic arm. The bankrupt firm is taking steps to recover the funds for its customers. FTX Foundations announced their partnership with Latona. According to the case file, through the partnership, Latona has
