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FTX customers file class-action lawsuit to get priority reparations
28.12.2022
Customer class members don’t want to stand in line along the creditors of a failed crypto platform
Alameda wallets become active days after SBF bail, community mulls foul play
28.12.2022
The recent movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised many eyebrows about the timing
SBF borrowed $546M from Alameda to fund Robinhood share purchase
28.12.2022
An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi
Ellison and Wang Are ‘Game Changers' in Bankman-Fried's Trial, Lawyer Says
27.12.2022
Ian McGinley, a partner at global law firm Akin Gump, discusses why the guilty pleas made by Caroline Ellison and Gary Wang may influence the disgraced CEO’s next day in court
New Judge Assigned in Sam Bankman-Fried Fraud Case
27.12.2022
Judge Lewis Kaplan has replaced Judge Ronnie Abrams, who recused herself because of a potential conflict of interest
FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares
27.12.2022
Sam Bankman-Fried said in an affidavit he bought Robinhood shares with funds borrowed from Alameda. The admission throws a wrinkle into a lawsuit from crypto lender BlockFi, which says it was promised the shares as collateral against a loan taken out by Alameda
Ellison and Wang admit misleading lenders with Bankman-Fried
27.12.2022
FTX trouble begins to clear the air as more accounts come forward with their statements. Caroline Ellison, the former Chief Executive Officer of Alameda Research, pleaded guilty recently, admitting that she was aware of the activities that were taking place from 2019 to 2022. According to...
Community slams NYT for its latest 'sympathy piece' on FTX's Bankman-Fried
27.12.2022
The article bizarrely contrasts the alleged fraud carried out by Sam Bankman-Fried against gang violence on the Bahamian island of New Providence
SBF gets prison advice: Shave head, deepen voice and listen to rap
27.12.2022
Martin Shkreli outlined that “Sam isn’t exactly gonna be somebody that fits into prison” and that he needs to rebrand himself to fit in and make friends
Krampus is coming to the crypto space this holiday season
26.12.2022
Not even major exchanges collapsing can deter crypto users from believing in the space year after year
Snowden to Musk: ‘I Take Payment in Bitcoin’; Big Short Investor Says Audits of Exchanges like Binance and FTX Are ‘Meaningless,’ and More — Week in Review
25.12.2022
Ahead of the holidays and new year, the former U.S. National Security Agency (NSA) contractor known to the world as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to step up as the new CEO of Twitter after current “Chief Twit” Elon Musk has said he is stepping...
Sam Bankman-Fried found 'chilling' in JFK airport lounge on $250M bail bond
25.12.2022
Based on the pictures, crypto community members confirmed that SBF’s location was the Greenwich (Business Class) lounge in American Airlines’ Terminal 8
Crypto Community Asks: Where in the World Is Ex-Alameda CEO Sam Trabucco?
24.12.2022
Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are curious about these days is Alameda Research’s...
FTX paid $12M retainer to a New York law firm before bankruptcy filing
24.12.2022
Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services
CEO of FTX Sister Company Caroline Ellison Confesses to Misusing Customer Funds – Here’s What You Need to Know
24.12.2022
Former Alameda Research CEO Caroline Ellison has agreed to plead guilty to seven offenses, which include charges of wire fraud, securities fraud, and money laundering. Meanwhile, the CFTC has claimed that she "gambled Alameda customer money."...
Read More: CEO of FTX Sister Company Caroline Ellison...
Judge pulls out of SBF-FTX case citing husband's law firm's advisory link
24.12.2022
Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021
Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019
23.12.2022
On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly...
Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
23.12.2022
According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal
FTX Co-Founder Sam Bankman-Fried Posts $250 Million Bond, Will Remain Under House Arrest – Where is the Money From?
23.12.2022
Disgraced former FTX CEO Sam Bankman-Fried has been released from jail after posting a $250m bond in a New York court.
The bond was paid for partly by Bankman-Fried’s parents, Standford law professors Joseph Bankman and Barbara Fried, putting up the equity in their California home. However, facts...
FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock
23.12.2022
Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over...