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As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Ellison, former … Read more
Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX’s. Go to Source Powered by WPeMatico
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner. U.S. Trustee Argues for … Read more
The assets transferred to Alameda’s consolidation wallet are reportedly part of bankruptcy recovery efforts. Go to Source Powered by WPeMatico
The documentary will examine the dynamic relationship between Sam Bankman-Fried and Binance founder Changpeng Zhao. Go to Source Powered by WPeMatico
Sam Bankman-Fried could also be barred from accessing FTX and Alameda funds as part of his bail conditions, with a judge scheduled to discuss the matter in a Feb. 7 hearing. Go to Source Powered by WPeMatico
FTX and affected parties have requested court subpoenas to force Sam Bankman-Fried’s closest advisors to provide documents and information for ongoing investigations. Go to Source Powered by WPeMatico
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in the country will cooperate with officials … Read more
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset … Read more
A Jan. 30 ruling could see the identities of the two individuals who signed on as sureties for Sam Bankman-Fried’s $250 million bond become public, subject to appeal. Go to Source Powered by WPeMatico
