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Cash or crypto? FTX creditors to vote on how they're paid back
26.6.2024
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan
New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing
22.3.2024
A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN...
Ex-FTX Chief’s Defense Team Challenges FBI Interviews, Raises Questions About Witness Credibility
26.10.2023
On Wednesday, the defense team for the former FTX CEO Sam Bankman-Fried issued a letter to the judge seeking to question two FBI agents who interviewed Gary Wang, former chief technology officer of FTX, and Nishad Singh, former director of engineering at FTX. Lawyers allege the witnesses provided...
Bankman-Fried Lawyers Claim He’s Not Getting Enough Adderall
17.10.2023
Attorneys for FTX founder Sam Bankman-Fried say he’s having trouble focusing during his criminal trial because he’s not getting his prescribed dose of Adderall each day. In a letter to the judge Sunday, lawyers said Bankman-Fried has gone without his medication most of the day, leaving...
SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans
10.10.2023
Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals
FTX Lawyers to recover funds paid to celebrities like Shaq or Naomi Osaka amid BTCS ICO Hype
15.9.2023
Amid the buzzing hype surrounding the BTCS ICO, legal action is brewing as FTX lawyers aim to recover funds paid to celebrities such as Shaq and Naomi Osaka. FTX is looking to retrieve millions of dollars it paid to celebrity athletes and sports teams for endorsing its platform before filing...
FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme
24.6.2023
According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without...
FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed
30.3.2023
The creditor's committee and FTX lawyers have raised several arguments in objecting to Bankman Fried’s request. A hearing date is set for April 12
FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Day's Bankruptcy Work
8.2.2023
The more than 151 staff assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
3.2.2023
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...
FTX Lawyers Attempt to Question Bankman-Fried’s Family and Inner Circle for Financial Insight
27.1.2023
According to court documents in the FTX bankruptcy case, the company’s attorneys seek to subpoena FTX co-founder Sam Bankman-Fried, his brother Gabriel Bankman-Fried, and his parents, Joseph Bankman and Barbara Fried. Additionally, the attorneys intend to question some...
FTX lawyers to reap millions from the bankruptcy case: Report
27.1.2023
FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour
Sam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say
26.1.2023
The crypto exchange wants to question its founder’s family as it seeks to locate allegedly misappropriated funds
FTX lawyers: Examiner could cost $100M and ‘provide no benefit’
26.1.2023
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner
Judge slams senators' letter against FTX lawyers as 'inappropriate'
12.1.2023
Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate," and that he won't take it into account in his decision for an independent examiner
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse
13.12.2022
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access...