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Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns


Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked...

FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims


FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According...

Sam Bankman-Fried awaits prison while FTX clients wait full repayment


FTX could be on a path of course correction. Per the recent update, the company is expected to make refunds in full to eligible customers. Meanwhile, Sam Bankman-Fried is about to spend most of his life in prison. His hearing in Brooklyn is scheduled to happen on March 28, 2024. Representatives...

CoinList to Acquire FTX’s Digital Custody Subsidiary in Cut-Price Deal


The FTX Debtors estate, under the leadership of CEO John Ray III, has initiated the process of selling Digital Custody Inc. (DCI) to CoinList. FTX had previously acquired the subsidiary in two separate transactions, one in December 2021 and the other in August 2022, for a total of $10 million....

DOJ Charges Trio Behind $400 Million SIM Swap Attack on FTX


The United States Department of Justice has charged three individuals accused of masterminding the SIM-swapping attack that siphoned over $400 million from FTX. The indictment of the trio appears to undercut claims that incarcerated FTX founder Sam Bankman-Fried was the mastermind behind the hack....

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