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Ex-FTX Executive Ryan Salame to Forfeit $1.5B as Part of Guilty Plea
7.9.2023
Prosecutors say Sam Bankman-Fried used Salame as a “straw donor” to secretly funnel millions of dollars to Republican political candidates
Peter Schiff Says US Can’t Afford to Decouple From China — Warns of Dollar Collapse
7.9.2023
Economist Peter Schiff has warned that the U.S. cannot afford to decouple from China. “Our entire standard of living rests on the support of China,” he stressed, adding that “If we lose that support, it’s going to collapse.” He also predicted the collapse of the U.S. dollar as the USD loses...
NFT collapse and monster egos feature in new Murakami exhibition
6.9.2023
Famed Japanese artist Takashi Murakami’s new exhibition comments on digital ego and the shaky status of the NFT industry
Sam Bankman-Fried's Laptop Has a New Battery Now, DOJ Says
6.9.2023
Prosecutors filed a letter Tuesday detailing the amount of access FTX founder Sam Bankman-Fried has to materials he may use in his defense
Larry David’s Superbowl Ad Casts Doubt on FTX.US Separation, DOJ Says
4.9.2023
Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant to the October fraud trial
Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records
4.9.2023
The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy” shows that Bankman-Fried reportedly...
The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years
3.9.2023
Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just...
Robinhood to Buy Back SBF’s Stake for Over $605 Million
3.9.2023
Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S. government after the bankruptcy of SBF’s businesses....
Sam Bankman-Fried Lawyers ‘Need’ Him Out Of Jail Ahead of Trial, They Tell Judge
30.8.2023
Will Evergrande’s collapse have a silver lining for crypto?
30.8.2023
This week, The Market Report discusses Grayscale’s victory against the SEC, the impact of Evergrande’s bankruptcy, and what happened to the 16 trillion PEPE tokens reportedly stolen
Sam Bankman-Fried's Complaints About Discovery Are 'Misleading,' DOJ Says
29.8.2023
Federal prosecutors have challenged FTX founder Sam Bankman-Fried’s allegations that prosecutors dumped “millions” of pages worth of potential evidence on the former CEO’s defense team just two months ahead of his criminal trial, a Tuesday court filing shows
All of Sam Bankman-Fried's Proposed Expert Witnesses Should be Barred From Testifying: DOJ
29.8.2023
All of FTX founder’s Sam Bankman-Fried’s proposed witnesses should be disqualified from testifying because their disclosure filings are insufficient, their experience may be misleading or their planned testimony may not be relevant, prosecutors said in a late Monday filing. The defense team moved...
The bright side of Evergrande’s collapse? More crypto volatility
28.8.2023
Evergrande’s ongoing bankruptcy saga has significant macroeconomic implications — including for the global cryptocurrency market
Sam Bankman-Fried's Legal Team Raises Concerns Over Trial Preparations
26.8.2023
Sam Bankman-Fried's attorneys have raised concerns regarding the measures taken by authorities for their client's upcoming criminal trial in October. In an August 25 submission to the United States District Court for the Southern District of New York, the legal representatives argued that...
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...
FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
23.8.2023
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months
FTX Founder SBF to Pin Blame For FTX Collapse on Bad Legal Advice
23.8.2023
Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, is going to attempt to get off the hook by saying he was acting in “good faith” by following the advice of his former lawyers.
SBF was charged by the US Department of Justice on numerous accounts of fraud...
Bitcoin Developers Allege Craig Wright’s ‘Bogus’ Claims May Lead To An Admission In The Collapse Of Mt. Gox
22.8.2023
Defense attorneys for 12 Bitcoin (BTC) core developers in the lawsuit filed by Craig Wright say the false ownership claims to Bitcoin can expose him to liabilities relating to the 80,000 stolen Bitcoin from Mt. Gox.
Craig Wright claims he is the mysterious Satoshi Nakamoto and filed a lawsuit...
Sam Bankman-Fried Pleads Not Guilty to Latest Indictment
22.8.2023
FTX founder Sam Bankman-Fried appeared in court Tuesday to be arraigned after the latest indictment accused him of using customer funds for everything from buying personal real estate to political donations
Prosecutors File Proposed Jury Instructions for Sam Bankman-Fried Trial
22.8.2023
The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried's October trial a day before he is set to be arraigned on a new superseding indictment