Reports from legal counsel indicate that FTX has recovered approximately $5 billion in cash and cryptocurrency. As a result, this finding has a substantial effect on the amount of assets that may be recovered from the company’s original bankruptcy filing in November of last year. The rumored $425 million being
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
Bankruptcy cryptocurrency lender Voyager Digital filed a motion in a US court in response to the opposition to the Binance.US plan to pay off its debt. Two legal files published late Sunday that it called the Alameda objections “hypocrisy and chutzpah”. Also, Voyager Digital claimed in one document the objections
The demise of FTX is still making headlines, even in 2023. The collapse of one of the leading cryptocurrency exchanges has resulted in a significant fall in the global crypto industry. Since then, a series of court hearings have been ongoing against FTX’s CEO, Sam Bankman-Fried, and affiliated personnel of
While FTX was in bankruptcy proceedings in Delaware, the U.S. Department of Justice announced that it had seized $450 million worth of Robinhood stock. To acquire ownership in the publicly listed Robinhood platform. Former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang launched a holding company named Emergent in
Former FTX CEO Sam Bankman-Fried pleaded not guilty to federal charges in New York on Tuesday. SBF charged with conspiracy to commit wire fraud and securities fraud. And also individual accusations of securities fraud and wire fraud, money laundering, and conspiracy to circumvent campaign financing restrictions. At the beginning of
In a statement released on Thursday, the Japanese branch of defunct cryptocurrency exchange FTX said it plans to begin repaying client holdings in February 2023. Liquid Japan is a cryptocurrency trading platform that was recently bought by FTX Trading Ltd in an undisclosed agreement, and FTX Japan has announced that
The demise of the FTX crypto exchange created a great impact on the whole crypto space. Still the market is bearish with downfall in prices of all crypto assets and in all crypto related businesses. In that case, after the collapse FTX filed a bankruptcy in the court to solve
Sam Bankman-Fried ‘SBF’ is scheduled to enter a plea next week in response to charges that he defrauded investors and misappropriated billions of dollars from users at his bankrupt FTX crypto exchange. It’s been just 6 days since the former CEO was freed on a $250 million bond. According to
