FTX, Genesis reach in-principle agreement to settle bankruptcy case
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement. Go to Source Powered by WPeMatico
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FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement. Go to Source Powered by WPeMatico
The FTX co-founder may be able to face one less charge relating to his alleged mismanagement of the cryptocurrency exchange. Go to Source Powered by WPeMatico
Assistant U.S. Attorney Danielle Sassoon reportedly said SBF made roughly 100 calls to a reporter behind The New York Times story that revealed Caroline Ellison’s private journals. Go to Source Powered by WPeMatico
The proposal followed a complaint filed by U.S. authorities alleging Sam Bankman-Fried had leaked Caroline Ellison’s private journals in an attempt to interfere with the trial. Go to Source Powered by WPeMatico
According to court documents, Gabriel Bankman-Fried wrote a memo to the FTX Foundation with a plan to build a bunker to survive “some event where 50%-99.99% of people die”. Go to Source Powered by WPeMatico
Sam Bankman-Fried attempted to publicly discredit government witness Caroline Ellison, who was once his business ally and a romantic partner, the DoJ argued. Go to Source Powered by WPeMatico
Former FTX and Alameda Research executives Sam Bankman-Fried, Caroline Ellison, Gary Wang and Nishad Singh were named in the suit from FTX. Go to Source Powered by WPeMatico
The money was intended to add to Bankman-Fried’s political influence and goodwill and did not benefit FTX or Alameda Research. Go to Source Powered by WPeMatico
ASIC had previously suspended FTX’s license to operate in Australia, now the securities regulator has canceled it entirely. Go to Source Powered by WPeMatico
Crypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when the firm filed for bankruptcy in November 2022. Go to Source Powered by WPeMatico