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FTX General Counsel gives Damning Testimony against Bankman-Fried in SBF Trial
19.10.2023
The trial against Sam Bankman-Fried continued in Manhattan federal court Thursday when Can Sun, FTX's former general counsel, took the witness stand.
The prosecution presented a robust direct examination of the Yale-educated Sun, who served as general counsel for FTX from August 2021 through...
'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds
19.10.2023
Can Sun testified on day 12 of the Sam Bankman-Fried trial
SBF's Lawyers Seek To Cross-Examine Gary Wang on Counsel’s Involvement in Alameda Loans
10.10.2023
In the ongoing multi-billion fraud trial of the bankrupt FTX exchange, Sam Bankman-Fried (SBF) has blamed lawyers' involvement in structuring the loans issued to FTX co-founder Gary Wang by Alameda Research.
As a result, SBF’s lawyers have requested Judge Lewis Kaplan to cross-examine Wang further...
Do Kwon’s Defense Declares SEC’s Deposition Request ‘Impossible’ Amid Ongoing Detention Saga
28.9.2023
The legal team defending Do Kwon, the co-founder and former CEO of Terraform Labs, argues that the U.S. Securities and Exchange Commission (SEC) lacks the capacity to depose Kwon, deeming it an “impossible” feat. Kwon’s legal counsel additionally maintains that the SEC’s bid for a preclusion order...
Crypto Venture Capital Firm Paradigm CFO and General Counsel to Leave this Month – What's Going On?
2.9.2023
Chief Financial Officer (CFO) and General Counsel at crypto venture capital firm Paradigm are set the leave the company this month.
Nathan Apsel, CFO of Paradigm, and Reena Jashnani-Slusarz, the company's General Counsel, are expected to depart by mid-September, according to an internal email from...
Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial
30.8.2023
Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense...
Sam Bankman-Fried Claims He Relied on Legal Advice in FTX Scandal
24.8.2023
Lawyers for Sam Bankman-Fried claim the FTX founder, who has fallen from grace, based his business decisions on legal advice from company attorneys before the cryptocurrency exchange’s downfall. FTX Founder Bankman-Fried Claims Actions Were Based on Legal Advice, Denies Fraudulent Intent In...
FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail
11.8.2023
FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the social media outlet X, where Bankman-Fried’s legal...
Decoding Ripple’s Ruling: A Potential Tsunami for the SEC
25.7.2023
In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that...
Ripple Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says
18.7.2023
Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said
Bitcoin ETFs: When Will the SEC Say ‘I Do?’
14.7.2023
While bitcoin enthusiasts anxiously await the Securities and Exchange Commission’s (SEC) decision on Blackrock’s spot bitcoin ETF proposal, it’s worth delving into the bigger picture. The following opinion editorial was written by Joseph Collement, General Counsel...
Paradigm Counsel Accuses SEC of Overreach in Crypto Market Regulation
12.7.2023
Crypto investment firm Paradigm has submitted an amicus brief in the ongoing US SEC vs crypto exchange Bittrex case, asserting that the regulator is “wrongfully attempting” to oversee crypto secondary markets.
The US Securities and Exchange Commission (SEC) case against Bittrex should...
SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel
11.7.2023
Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex
Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns
16.6.2023
According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt’s general counsel stated that the platform will expand its coin offering once there is “further clarity.”...
Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says
13.6.2023
The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
Top 7 legal and compliance jobs in the crypto market
27.3.2023
Explore essential skills for top legal and compliance jobs in the crypto market
Lawyers picnic: FTX counsel and advisors rake in $34M in January
8.3.2023
Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case
FTX Bankruptcy: Counsel and Advisers Rack Up $38M in January Bills – Here's the Latest
7.3.2023
The ongoing FTX bankruptcy saga has resulted in a staggering cost of legal fees, as revealed by recent court filings. In January alone, the total bill for legal work and expenses reached $38 million....
Read More: FTX Bankruptcy: Counsel and Advisers Rack Up $38M in January Bills – Here's the Latest
FTX Bankruptcy Special Counsel and Advisers Bill $38M for January
7.3.2023
FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case