Wed, February 28

FTX Customers Anticipate Payoff as Anthropic Shares Set for Sale

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

February 23, 2024 1 min read

FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts

FTX, the troubled cryptocurrency exchange under the leadership of Sam Bankman-Fried, has announced its intention to entirely reimburse customers and creditors affected by its bankruptcy proceedings. The company assured the judge overseeing the case that individuals who can substantiate their losses are poised to recover their entire investments. However, the

February 1, 2024 2 mins read

SEC Chair Gary Gensler Roots for FTX Comeback

Securities and Exchange Commission (SEC) Chairman Gary Gensler has expressed a cautiously optimistic perspective regarding the potential revival of the defunct cryptocurrency exchange, FTX. Gensler’s remarks came during a discussion at DC Fintech Week, where he underlined that a reinvigorated FTX could succeed if its new leadership operates with a

November 9, 2023 2 mins read

FTX’s SBF Jailed for Evidence Tampering

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

August 12, 2023 2 mins read

FTX’s SBF to Be in Jail Before Trial: DOJ

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

August 4, 2023 2 mins read

Did FTX SBF Attempt to Intimidate a Key Witness?

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

August 2, 2023 1 min read

FTX Seeks to Recover $71M From Its Philanthropic Arm

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

July 20, 2023 2 mins read

EXCLUSIVE: Beeple Donates Artwork Featuring Disgraced Former FTX CEO Sam Bankman-Fried

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

July 3, 2023 2 mins read

Another Update on Sam Bankman Fried’s Court Filing

The FTX crypto exchange has severe charges due to the bankruptcy faced. As per the court filing, the federal prosecutors are processing to withdraw the charges imposed on FTX and the founder, Sam Bankman Fried.  According to the court report, over 13 accusations against Bankman Fried were filed. Furthermore, Bankman

June 16, 2023 1 min read

Bankman-Fried Requests Access For Documents From Legal Advisory Firm

In the latest twist of the high-stakes legal battle, Sam Bankman-Fried, the founder of the now-defunct FTX cryptocurrency exchange, is resorting to an unconventional strategy. According to recent court filings, Bankman-Fried requests access to documents from the legal advisory firm that once served his platform.  Specifically, the former crypto CEO

June 1, 2023 1 min read