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Metropolitan Museum of Art to Refund $550K in Donations from FTX
5.6.2023
The New York-based Metropolitan Museum of Art will return more than half a million dollars in donations it received from the now-defunct crypto exchange FTX.
The popular US museum, known as the Met, is set to refund $550,000 to FTX debtors, according to a filing to the United States Bankruptcy...
New York’s Met Museum Agrees to Return $550K in FTX Donations
5.6.2023
The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse
Metropolitan Museum of Art to return $550K in donations from FTX
5.6.2023
The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said
FTX Exchange Objects to Prolonged Mediation Talks with Bankrupt Genesis – Here's the Latest
3.6.2023
FTX and its affiliates have objected to extending court-mediated settlement talks for bankrupt crypto lender Genesis.
In a recent court filing, FTX said it had not been invited to a court-appointed mediation in May that involved Genesis, its parent company Digital Currency Group, and creditor...
Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
2.6.2023
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
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
1.6.2023
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...
SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense
31.5.2023
The prosecution and FTX Debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF
US Government's Push for FTX Inquiry Reaches Court of Appeals – Here's the Latest
31.5.2023
The US Government’s push for an independent inquiry of the now-bankrupt crypto exchange FTX was on Tuesday referred to the U.S. Third Circuit Court of Appeals.
The ruling, made by Delaware District Judge Colm F. Connolly, argued that the question of whether the case should be referred to...
Sam Bankman-Fried Leverages Law Firm Advice for FTX Fraud Defense
31.5.2023
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, is preparing to argue that he relied on the advice of Silicon Valley law firm Fenwick & West in his defense against fraud charges.
On Tuesday, his lawyers requested that prosecutors turn over documents that were provided...
The U.S. Justice Department Awaits Bahamas Response Regarding New Charges Against Sam Bankman-Fried
31.5.2023
The US Justice Department (DOJ) may drop some of the charges against the disgraced former FTX CEO Sam Bankman-Fried if authorities in the Bahamas objects to them.
The charges that could be dropped include those related to bank fraud, operating an unlicensed money transmitting service, and a case...
US Government Presses for Independent Examiner in FTX Bankruptcy Case
31.5.2023
Following the U.S. bankruptcy court judge’s rejection of the U.S. Trustee’s plea to designate an impartial investigator for the FTX bankruptcy case, the government is now appealing this verdict. In essence, the U.S. Trustee’s appeal has been forwarded to the U.S. Third Circuit...
Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say
30.5.2023
The charges relating to Sam Bankman-Fried’s alleged bank fraud, operating an unlicensed money transmitter service and bribing Chinese officials may be dropped
US District Judge sends matter of FTX independent examiner to appellate court
30.5.2023
A bankruptcy judge denied a motion for an independent examiner in February, leading to an appeal that may now go to the U.S. Court of Appeals for the Third Circuit
FTX Examiner Appointment Referred to Court of Appeals by District Judge
30.5.2023
The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost
Today in Crypto: Key App Reveals Bridge Connecting Solana & Ethereum, ECB Publishes Two Reports on Digital Euro, Russia Abandons National Crypto Exchange Plans, CoinEx Launches BitHK
30.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Key App Reveals Bridge Connecting Solana & Ethereum, ECB Publishes Two Reports on Digital Euro, Russia...
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say
30.5.2023
Lawyers for the disgraced exchange executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues
Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100
30.5.2023
A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the crypto industry. FTX, a crypto exchange that has since gone out of business, has been ranked at the very bottom of the list...
Crypto exchange TrigonX latest to emerge from the FTX rubble
30.5.2023
TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX
Temasek Adjusts Employee Compensation Following Unsuccessful FTX Investment
29.5.2023
Singaporean investment firm Temasek Holdings has lowered the compensation of senior management and the investment team responsible for investing in FTX.
An internal review found no misconduct by the investment team but Temasek's management still took "collective accountability" and reduced their...
Singapore's Temasek to Exercise Caution in Crypto Space After FTX Nightmare
29.5.2023
Temasek wrote down the entirety of its investment in FTX in November