Digital Currency Group under investigation by U.S. authorities: Report
U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis. Go to Source Powered by WPeMatico
ftx
Auto Added by WPeMatico
Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season
The Ferrari-Velas partnership from 2021 — set at $30 million a year — was aimed at increasing fan engagement through nonfungible tokens (NFTs) and other shared initiatives. Go to Source Powered by WPeMatico
FTX asset sales challenged by U.S. Trustee: Report
A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses. Go to Source Powered by WPeMatico
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital. Report Claims Digital Currency Group, Genesis Global Capital Allegedly … Read more
Sam Bankman-Fried’s charitable donations sought by FTX: Report
FTX’s new management is seeking to recover millions of dollars donated by Future Fund and SBF. Go to Source Powered by WPeMatico
Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank. Alan Lane, the CEO of Silvergate, denied allegations that … Read more
FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets
The sides had been at odds over numerous issues and have agreed to keep working on the remaining open questions they face. Go to Source Powered by WPeMatico
US authorities launch page to notify FTX’s victims about SBF’s case
According to the court filing, the number of victims in the FTX case made it “impractical” to rely on more traditional methods of notification. Go to Source Powered by WPeMatico
Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds
The founder of FTX pleaded not guilty to all criminal charges related to the collapse of crypto exchange FTX. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’
The legal team confirmed the U.S. Departure of Justice was in the process of seizing the Robinhood shares, but said SBF was “compelled to reply” given other claims. Go to Source Powered by WPeMatico
