Bookmarking Crypto Insights
Auto Added by WPeMatico
The U.S. Justice Department dropped a campaign finance violations charge on Sam Bankman-Fried’s indictment in July, but said it will consider the alleged scheme in other counts. Go to Source
Sam Bankman-Fried, the former CEO of the failed FTX crypto exchange, will be held in jail through the end of his two upcoming trials. Go to Source
According to Sam Bankman-Fried’s legal team, he was “only able to bring a small supply” of ADHD medication and antidepressants to jail following the judge revoking his bail. Go to Source
The former FTX CEO has swapped his parent’s cozy Stanford home for the Metropolitan Detention Center in Brooklyn, which isn’t known for its comforts. Go to Source
Judge Lewis Kaplan reportedly cited SBF’s alleged attempts to influence or intimidate witnesses in the criminal case including a former FTX US general counsel and Caroline Ellison. Go to Source
FTX strongly criticized the UCC’s pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries. Go to Source
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain. Go to Source
It’s unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried’s trial in October. Go to Source
A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan. Go to Source
FTX filed for bankruptcy in November last year, entering into Chapter 11 proceedings with 102 units around the world. Go to Source Powered by WPeMatico
