A key event is about to unfold as bitFlyer, a prominent Japanese crypto exchange, is slated to buy FTX Japan. Until today, details about the intention to acquire the local unit of the renowned but now insolvent FTX exchange remained undisclosed. Nonetheless, the arrangements for this transaction are nearing completion.
Adam Moskowitz and David Boies, who are representing FTX creditors in a class action lawsuit, have made great strides in their quest for justice on behalf of those impacted by the crypto exchange’s demise. They are requesting the seizure of assets associated with the troubled FTX founder, Sam Bankman-Fried (SBF).
Two wallets associated with Alameda Research, the sister trading firm of the now-bankrupt FTX exchange, recently transferred a total of $12 million worth of cryptocurrency. On June 11, PeckShield notably reported that an Alameda Research address transferred 5,000 vBTC, worth over $2 million, to the algorithmic trading firm Wintermute. Additionally,
The FTX Exchange’s investment in the artificial intelligence (AI) startup Anthropic has been dissolved as of June 1. The most recent bankruptcy filing by Anthropic indicates that the FTX Estate, headed by John Ray III, has sold off its remaining interest in the company. Around 15 billion Anthropic shares, valued
Two senators, Elizabeth Warren (D) and Chuck Grassley (R) have formally asked Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), for information. Sam Bankman-Fried (SBF), the former chief executive officer of the collapsed crypto exchange FTX, is at the focus of the demand. FTX went bankrupt in November
In an effort to settle the debts incurred by the defunct cryptocurrency exchange, the FTX estate sold Solana (SOL) tokens valued at around $1.9 billion. According to Bloomberg, which cites sources familiar with the case, FTX’s estate sold off almost two-thirds of the SOL lot. There were as many as
As part of its bankruptcy settlement, the now-defunct cryptocurrency exchange FTX is reportedly planning to sell its about $1 billion stake in artificial intelligence company Anthropic, as reported by CNBC on March 22. The report states that Anthropic is in the process of evaluating potential investors to buy the stake,
FTX, the bankrupt crypto exchange, has reached a settlement with its EU founders, Patrick Gruhn and Robin Matzke, who were sued for over $323 million. The settlement also involves FTX selling its assets in the EU, where it failed to gain traction. The lawsuit, filed in July 2023, claimed that
U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, has granted approval for FTX to sell its stake in Anthropic, the artificial intelligence company, marking a significant move for the cryptocurrency exchange’s post-collapse recovery. FTX’s initial $500 million investment in the AI-developing start-up Anthropic in 2021 secured them a 13.56% equity
Creditors of the defunct FTX exchange have taken legal action by suing the law firm managing the bankruptcy case in a class-action lawsuit. Creditors of FTX claimed in a court document dated February 16 that Sullivan & Cromwell, or S&C, “actively” took part in the “FTX Group’s multibillion dollar fraud,”
