Class-action suit filed against Binance for alleged harm to FTX before its collapse
A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange. Go to Source
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Investors drop class-action lawsuit against Terraform Labs and Do Kwon
The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro. Go to Source
Book describes Sam Bankman-Fried with little attention span or respect for appointments
The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute. Go to Source
FTX’s $3.4B crypto liquidation: What it means for crypto markets
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability. Go to Source
Judge denies final pre-trial request from Sam Bankman-Fried for temporary release
The federal judge overseeing Sam Bankman-Fried’s fraud case reportedly suggested the former FTX CEO might be a flight risk, given his young age and potential prison time. Go to Source
Celsius valuation advisor approves value of debtors’ assets and liabilities
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm’s valuation report. Go to Source
Sam Bankman-Fried will likely appear in a suit and tie at trial
The former FTX CEO will have access to 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, and 2 pairs of shoes — no hoodies were requested. Go to Source
Crypto’s Lehman moment: Investors buy $250M of FTX claims — Report
It’s hard to know how much a collapsed crypto firm like FTX would be worth by the time its bankruptcy is resolved. Go to Source
Judge grants DoJ motions barring testimony of Sam Bankman-Fried’s witnesses
Judge Lewis Kaplan left the door open for SBF’s defense team to call some of the precluded witnesses in response to testimony presented by the government. Go to Source
Judges deny Sam Bankman-Fried’s appeal for early release
Three judges with the 2nd U.S. Circuit Court of Appeals in New York have denied requests from Sam Bankman-Fried’s lawyers for early release from jail. Go to Source
