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FTX Demands Protection of Assets from Liquidators of Bahamas Unit – What's Going On?
21.3.2023
Defunct crypto exchange FTX has asked a US bankruptcy judge to protect its property from the liquidators in charge of winding down its Bahamas unit.
In a lawsuit filed against the liquidators overseeing the wind-down of its Bahamian affiliate FTX Digital Markets, FTX claimed that they are wrongly...
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
19.3.2023
The invitation was mediated by former CFTC Commissioner Mark Wetjen, who joined FTX US as the Head of Policy and Regulatory Strategy in Nov. 2021
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
18.3.2023
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion...
Sam Bankman-Fried to propose revised bail package ‘by next week’
18.3.2023
The move comes after a judge expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network services while on bail
How Effective Altruism Power Brokers Helped Make Sam Bankman-Fried
17.3.2023
YouTube Influencers Face $1 Billion Class-Action Lawsuit Over FTX Endorsements – Who's Caught in the Crossfire?
17.3.2023
A number of high-profile crypto and finance YouTubers are involved in a class-action lawsuit for promoting the now-defunct cryptocurrency exchange FTX.
The lawsuit’s plaintiff is Edwin Garrison, who is seeking $1 billion in damages because the YouTubers “promoted FTX crypto fraud without...
First Mover Americas: Investors Pull Coins From Bitcoin Funds
16.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says
16.3.2023
The failed crypto exchange made a total of $3.2 billion in payments to Bankman-Fried and other key employees
Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
15.3.2023
FTX's legal counsel requested insurers to advance or reimburse Bankman-Fried's defense costs and fees under the company's directors and officers (D&O) insurance
What is JOMO in crypto trading?
14.3.2023
JOMO is that "I-was-right-about-the-market" joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses
Sam Bankman-Fried's bail conditions still too lenient, says judge
10.3.2023
U.S. district judge, Lewis Kaplan, expressed concern that Bankman-Fried could find ways to evade the restrictions and covertly communicate with others electronically
SBF’s lawyers signal need to push back October criminal trial
9.3.2023
Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense
US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access
5.3.2023
The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried...
DOJ seeks to narrow Sam Bankman-Fried's bail terms, use only flip phones
4.3.2023
The proposal restricts Sam Bankman-Fried communication to a flip phone or other non-smartphone device with no internet access
Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says
4.3.2023
Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a non-internet connected flip phone, an attorney to the U.S. Department of Justice has proposed in court filings made late Friday
FTX presentation shows 'massive shortfall' in firm's assets
3.3.2023
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO
Prosecutors’ Case Against FTX’s Sam Bankman-Fried Becomes Clearer
1.3.2023
Federal prosecutors have shared more information about their case against FTX founder Sam Bankman-Fried. Between two new indictments and civil suits against another former FTX executive, we now have a much clearer picture about what the Department of Justice thinks it has
Pressure Mounts on FTX Founder Sam Bankman-Fried as Former Director of Engineering Pleads Guilty – Here's What You Need to Know
1.3.2023
Nishad Singh, the former director of engineering at now-defunct crypto exchange FTX, has pleaded guilty to U.S. criminal charges, agreeing to cooperate with the investigation into FTX founder Sam Bankman-Fried.
Singh pleaded guilty to six conspiracy charges, including conspiracy to commit wire...
Former FTX Director to reportedly plead guilty to fraud charges
28.2.2023
Nishad Singh has reportedly agreed to plead guilty to one count of wire fraud, one count of conspiracy to commit wire fraud on FTX customers, and one count of conspiracy to commit commodities fraud
Former FTX Engineering Director Nishad Singh Pleads Guilty to Criminal Charges: Reuters
28.2.2023
Former FTX Director of Engineering Nishad Singh pleaded guilty to criminal charges in a New York court on Tuesday