FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report
After evaluating several law firms, FTX’s unsecured creditors’ committee has chosen a legal adviser. Go to Source Powered by WPeMatico
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SBF sent home after his parents put up their house to cover his astronomical bail bond
The former billionaire, who has since claimed to be worth no more than $100,000, is out of jail on a $250 million bond. Go to Source Powered by WPeMatico
SBF received special treatment inside Bahamian jail: Report
Sam Bankman-Fried was held in the sick bay where he reportedly had access to running water, a toilet, a TV, and vegan food. Go to Source Powered by WPeMatico
Third parties could return FTX funds directly to customers: Law firm
According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings. Go to Source Powered by WPeMatico
Alameda’s Caroline Ellison escapes potentially 110 years in jail via plea deal
Former Alameda Research CEO could be released on a $250,000 bail, but she’s not allowed to leave the United States. Go to Source Powered by WPeMatico
FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds
On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that both Ellison and Wang have been cooperating with law enforcement officials. The U.S. Securities and Exchange Commission (SEC) … Read more
Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges
Both former executives of FTX and Alameda Research have been charged for their role in the frauds that led to FTX’s collapse. Go to Source Powered by WPeMatico
Crypto could spark the next financial crisis, says India’s RBI head
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown. Go to Source Powered by WPeMatico
Sam Bankman-Fried is one step closer to US extradition: Report
Officials from the U.S. Embassy, FBI, and U.S. Marshals Service were reportedly in attendance to witness the former FTX CEO waiving his right to a formal extradition process. Go to Source Powered by WPeMatico
What blockchain analysis can and can’t do to find FTX’s missing funds: Blockchain.com CEO
Peter Smith said the hardest thing to trace was the funds that enter the banking system. Go to Source Powered by WPeMatico
