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Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
17.1.2024
Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred
Former FTX CEO Sam Bankman-Fried Retains New Counsel, Files Notice in Federal Court Ahead of Sentencing
10.1.2024
Source: A Video Screenshot, YouTube / CBS News Former FTX CEO Sam “SBF” Bankman-Fried has informed the federal court that he has retained new counsel ahead of his sentencing hearing for seven criminal charges. Additionally, SBF’s legal team submitted a sealed document indicating...
Analyst: FTX Legal Battle Set to Extend Over Years in $8 Billion Creditor Fight
2.1.2024
Source: Getty Images Now-defunct cryptocurrency exchange FTX is embroiled in a legal battle that could extend over several years as creditors seek to recover over $8 billion. The case, filed in November, involves multiple parties fighting over the remaining assets, making it more complex...
Coinbase’s Chief Legal Officer Slams US Decision to Drop Additional Charges Against Bankman-Fried, Calls it a ‘Miscarriage of Justice’
1.1.2024
Source: a video screenshot, ABC News / YouTube US prosecutors have decided not to pursue the remaining charges against Sam Bankman-Fried, including allegations of foreign bribery and bank fraud. However, it is the dropped charge of unlawful political donations that has sparked significant concern...
DOJ’s Decision on SBF Case Outrages Crypto Industry — Coinbase Calls It ‘Miscarriage of Justice’
31.12.2023
The decision by the U.S. Department of Justice (DOJ) not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried (SBF) has outraged the crypto industry. Crypto exchange Coinbase calls the decision a “miscarriage of justice.” One lawyer opined, “Ask yourself why is this case...
Sam Bankman-Fried Unlikely to Face Second Trial, Say US Prosecutors – Here’s the Latest
30.12.2023
Source: Adobe / Александр Поташев US prosecutors are reluctant to pursue a second trial in the case involving Sam Bankman-Fried, former CEO of the now-defunct crypto exchange FTX. Bankman-Fried, who was convicted last month for embezzling funds from FTX customers, seems likely to avoid further...
DOJ Halts Second Trial Against FTX’s Bankman Fried, Citing Sufficiency of Initial Evidence and ‘Public Interest’
30.12.2023
On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman Fried Avoids Second Trial According to several...
FTX Founder Sam Bankman-Fried Won't Face Second Criminal Trial, U.S. Prosecutors Say
30.12.2023
Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding
26.12.2023
Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...
Solana Tops $100 After Monumental 764% Growth This Year
24.12.2023
On Saturday, the smart contract platform Solana’s token, solana (SOL), eclipsed the $100 threshold, achieving a weekly growth exceeding 36% against the U.S. dollar. Throughout the year, investor sentiment toward solana (SOL) has remained overwhelmingly positive, intensifying following...
Judge Denies Sam Bankman-Fried’s Request for Adjournment of Sentencing Hearing
21.12.2023
Source: Getty Image U.S. District Judge Lewis Kaplan has denied a request for adjournment made by Sam Bankman-Fried, the former CEO of FTX. Former FTX CEO Sam Bankman-Fried’s request for a four-to-six-week adjournment of his sentencing hearing has been denied by Judge Lewis Kaplan....
Judge Kaplan Rejects Bankman-Fried’s Request for Sentencing Delay, Affirms March 2024 Date
21.12.2023
In a recent development in the high-profile case of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, a request for postponement of the sentencing hearing was firmly denied by U.S. District Judge Lewis Kaplan. Bankman-Fried’s legal team had sought a four to six-week...
Judge Denies Sam Bankman-Fried Request for a Longer Sentencing Process
20.12.2023
Bankman-Fried's defense team asked for a four to six week extension for his sentencing scheduled in late March, citing a possible second trial that may begin earlier in the month
Breaking: Global Settlement Reached in FTX Digital Markets Liquidation
19.12.2023
FTX struck a global settlement between its US and Bahamas bankruptcy proceedings in an attempt to jointly maximize creditor payouts. Image by Александр Поташев, Adobe Stock. The ongoing saga following the dramatic collapse of Sam Bankman-Fried‘s bankrupt cryptocurrency exchange FTX took...
FTX Presents Revised Plan to Distribute Billions to Customers and Creditors, Initiating Final Phase of Bankruptcy Resolution
18.12.2023
Source: Adobe / Александр Поташев Now-defunct crypto exchange FTX has revealed its latest proposal aimed at returning billions of dollars to customers and creditors, marking the start of the final stage in resolving its bankruptcy case. While the proposal addresses several critical aspects, there...
FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation
17.12.2023
Source: Adobe / Ascannio The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent...
SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination + More News
13.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination Bitfinex Analyst: Fed’s Rate Hike Pause May Be Seen...
SBF’s Lawyer Says FTX Founder was the “Worst” Witness he has Ever Seen, “Almost Impossible” to Win: Report
12.12.2023
A Stanford Law professor who worked on the landmark fraud trial of FTX founder Sam Bankman-Fried said he was the “worst person” he had ever seen do a cross-examination and called the odds of winning the case “almost impossible,” according to a new Bloomberg report. Mills roasts SBF Specializing...
SBF Decides Against Filing Post-Trial Motions, Shifts Focus to Appeal
4.12.2023
The lawyers of disgraced FTX founder, Sam Bankman-Fried, have decided to not file any post-trial motions following his fraud conviction on November 2nd, according to a letter filed by his attorneys on December 1st. SBF’s potential appeal “After further consideration, we have decided not to file...
Ian Allison's Giant Sam Bankman-Fried Scoop Won Accolades in 2023
4.12.2023
The CoinDesk reporter belongs in the journalism hall of fame since there's little, if any, precedent for the waves his story on Alameda Research and FTX stirred up