Ex-Alameda Research co-CEO calls for ‘fair’ sentencing of Ryan Salame
Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX. Go to Source
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Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing
Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous inquiries about his whereabouts throughout the ongoing turmoil. In his message, Trabucco referred to Salame as his “best friend” … Read more
Ex-FTX exec Ryan Salame asks for no more than 18 months in prison
The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial. Go to Source
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase for Withdrawals, Plans to Shut Down Web Portal After the … Read more
SBF maintains his innocence as he trades rice in jail
FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well. Go to Source
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of 118 cents on the dollar for 98% of creditors with … Read more
Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal
FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities. Go to Source
FTX plans full pay back of all creditors ‘plus billions in compensation’
Under the plan, 98% of FTX creditors will get at least 118% of their claims back — the remainder will receive all of their claims “plus billions in compensation,” says FTX. Go to Source
Former FTX exec Ryan Salame to give up $5.9M Bahamas property
Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd. Go to Source
Why is Solana (SOL) price up today?
Today, the price of Solana has risen, propelled by a series of positive announcements related to the network and the Fed’s decision to forego rate hikes in 2024. Go to Source