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The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.” Go to Source Powered by WPeMatico
The Washington, D.C. townhouse owned by Guarding Against Pandemics was listed as “contingent” on a real estate website, suggesting the party handling the deal has accepted an offer. Go to Source Powered by WPeMatico
A District Judge ordered a separate trial for the DOJ’s charges against Sam Bankman-Fried which were added following his extradition to the U.S. Go to Source Powered by WPeMatico
DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy. Go to Source Powered by WPeMatico
The U.S. cannot try Sam Bankman-Fried for the charges until a lengthy appeals process in The Bahamas has been exhausted, defense attorneys stated. Go to Source Powered by WPeMatico
Releasing the nine million-strong list of customers would “impair” the ability to maximize value for FTX creditors, a banker for the exchange said. Go to Source Powered by WPeMatico
“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted. Go to Source Powered by WPeMatico
Over 3.6 million documents have yet to be produced by prosecutors in the criminal trial of Sam Bankman-Fried, according to his lawyers. Go to Source Powered by WPeMatico
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines. Go to Source Powered by WPeMatico
The prosecution and FTX Debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF. Go to Source Powered by WPeMatico
