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Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing
22.11.2022
A Dutch court hearing ruled that the Tornado Cash developer would be held for another three months as the investigation continues
FTX ordered to pay reimbursement fees to Bahamian regulators
22.11.2022
The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12
Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals
22.11.2022
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult...
New FTX CEO Paid $1,300 an Hour, Court Filings Show
21.11.2022
Non-executive directors hired in the wake of the crypto exchange’s collapse are earning $50,000 a month – but the fees may pale in comparison to the overall costs of corporate restructuring
Celsius bankruptcy victims get proof-of-claim deadline from US court
21.11.2022
The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company
US Court Approves Deadline for Celsius Customers to File Proofs of Claim
21.11.2022
Customers of the bankrupt crypto lender have until Jan. 3, 2023 to file proofs of claim if Celsius’ scheduling of their claims as filed are incorrect
South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder
20.11.2022
South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly profited from selling cryptocurrency LUNA at high prices before the token crashed. Shin...
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
19.11.2022
Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management...
SBF's lawyers terminate FTX representation due to conflicts of interest
19.11.2022
Attorney Martin Flumenbaum believed that Sam Bankman-Fried's "incessant and disruptive tweeting" negatively impacted the reorganization efforts of the lawyers
Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey
19.11.2022
A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary...
South Korea seizes $104M from Terra co-founder suspecting unfair profits
19.11.2022
The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors
Bahamian securities regulator ordered the transfer of FTX’s digital assets
18.11.2022
The Bahamian securities regulator clarified it directed FTX to move its digital assets to a wallet owned by the commission on Nov. 12
New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices
18.11.2022
The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred...
Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed
17.11.2022
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first...
Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
17.11.2022
Court filings from Wednesday show liquidators are seeking to halt asset sales while the complex enterprise is wound up
Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator
15.11.2022
On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events...
Bahamas supreme court approves 'provisional liquidators' for FTX
15.11.2022
The Securities Commission of the Bahamas said it had to act "given the magnitude, urgency, and international implications of the unfolding events with regard to FTX."
Bahamian Supreme Court Approves Liquidators for FTX Assets
15.11.2022
Authorities in the Bahamas, where Sam Bankman-Fried's FTX was headquartered, are investigating the exchange's dramatic collapse for criminal misconduct and breach of securities laws
Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
14.11.2022
After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis...
SEC wins LBRY case, but the victory may have little impact in the greater cryptoverse
14.11.2022
Although it was quickly overshadowed by more dramatic events, the LBRY case is a rare instance of a crypto related unregistered securities complaint going to court