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
The solicitors for Sam Bankman-Fried (SBF) asked Judge Lewis Kaplan for permission to have specific visitors see their client without going through security checks. Despite being permitted to live with his parents, the former FTX CEO is subject to several constraints. If he has visitors over, a security guard must
FTX Japan has begun a recruitment push to grow its workforce and advance the FTX 2.0 plan. By the end of the second quarter of 2024, the FTX team hopes to have relaunched the exchange. To further the FTX 2.0 project, FTX Japan is on the lookout for fresh talent.
A $2 billion lawsuit has been brought against FTX’s sister firm Alameda Research by Celsius Network on claims of suspicious trading activity that may have affected the price of the Celsius CEL token in 2022. Regulatory agencies such as the U.S. CFTC, the U.S. SEC, and federal prosecutors in Manhattan
Castello di Rivoli Museo d’Arte Contemporanea, one of Italy’s premier contemporary art museums, has made an exciting addition to its permanent collection with a generous donation from artist Mike Winkelmann, better known as Beeple. The artwork, titled FTX BOARD MEETING, DAY #5676 11.13.2022, is a unique creation that exists both
Following months of anticipation and uncertainty surrounding the fate of the defunct FTX exchange, recent reports indicate a promising resurgence may be on the horizon. The Wall Street Journal (WSJ) disclosed on June 29 that the troubled cryptocurrency platform is intensifying its efforts to relaunch while navigating the bankruptcy process.
Judge Lewis Kaplan refused Sam Bankman-Fried’s petition to throw out or sever most of the allegations in his thirteen-count criminal indictment, dealing a huge blow. Sam Bankman-Fried is the founder of FTX and Alameda Research. Sam Bankman-Fried (SBF) has been accused of running a multibillion-dollar Ponzi scheme using his crypto
A fresh investigation report by the defunct exchange claims that the new FTX management team has recovered $7 billion. Furthermore, the new administration claims to have made “substantial progress” in recouping lost assets. However, a recently released investigation report indicates the exchange has an $8.7 billion debt to its consumers.
FTX co-founder Sam Bankman-Fried (SBF) was turned down in his attempt to collect papers from Silicon Valley legal firm Fenwick & West LLP as part of his defense strategy in his continuing federal fraud prosecution. Bankman-Fried wanted to utilize this evidence to prove that he had sought and followed legal
On Thursday, in an effort to recover $700 million in investments allegedly made with diverted FTX money, the bankrupt cryptocurrency exchange FTX sued K5 Global and associates. According to a bankruptcy court lawsuit filed by FTX in Wilmington, Delaware, Sam Bankman-Fried (SBF), the company’s founder, was a “profligate patron” who
