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Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners

17.2.2023
The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required to teach them about crypto and the blockchain. Some...

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company

17.2.2023
Emergent Fidelity case is "futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares

Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer

16.2.2023
“MetaLawMan” James Murphy says that in 30 years of experience he has “never seen anything this lenient in a situation” where someone has lost millions of dollars of users’ money

Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future

16.2.2023
Sam Bankman-Fried remains out on bail, but the New York judge overseeing his criminal fraud case said that could change if the former FTX CEO continues to defy the bail conditions set by the court

Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond

16.2.2023
According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the two bail bond co-signers that were previously redacted...

Bankman-Fried’s Stanford-Connected Backers and the Decline of Tech Prestige

16.2.2023

Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse

16.2.2023
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido...

Crypto Bro From Big Crash May Lose Access To League Of Legends

16.2.2023
The man who oversaw the most famous crash in the history of crypto and who is currently facing securities fraud and other criminal charges might lose his gaming privileges. Federal prosecutors are now asking a judge to prohibit Sam Bankman-Fried from using computers or going online after...

FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say

16.2.2023
FTX Digital Markets Ltd. had bank accounts with a balance of $219 million, a report by PriceWaterhouseCoopers said

FTX Founder Sam Bankman-Fried’s Two Bond Guarantors Have Finally Been Unveiled – Court Documents Revealed Here

16.2.2023
The two mysterious co-signers on FTX founder Sam Bankman-Fried’s bond managed to keep their identities hidden for a long time, but new court documents have finally revealed who they are. The two previously unidentified individuals are Andreas Paepcke and Larry Kramer. Paepcke is a senior research...

Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks

16.2.2023
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged...

SEC-retly Failing: How the SEC Is Letting Crypto Down

16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...

FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner

16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...