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FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy
18.5.2023
When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
16.5.2023
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands...
BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
16.5.2023
The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management
BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
15.5.2023
The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say
FTX Bankruptcy Sees $44 Billion Claims from U.S. Internal Revenue Service
11.5.2023
The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.
According to recent bankruptcy filings, the IRS has put forth a total of 45 claims against FTX companies related to unpaid taxes which could...
IRS claiming $44B from FTX bankruptcy: Report
10.5.2023
The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research
OKX just sent $60M in USDT, MASK token to Alameda Research
9.5.2023
The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...
Alameda Research Receives $57M From Crypto Exchange OKX
9.5.2023
Alameda Research-controlled wallets hold over $240 million worth of various cryptocurrencies
Today in Crypto: 'Now is Best Time to Invest in Web3', Ex-FTX US President Brett Harrison Resigned Due to 'Protracted Disagreement' with Sam Bankman-Fried, Bank of England Building a CBDC Team
10.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: 'Now is Best Time to Invest in Web3', Ex-FTX US President Brett Harrison Resigned Due to 'Protracted...
Solana overcomes FTX fiasco — SOL price gains 100% in Q1
31.3.2023
The cryptocurrency market may have overreacted to Solana's FTX links and its tainted boss Sam Bankman-Fried
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
Sam Bankman-Fried's Legal Expenses Paid by Alameda Money He Granted to His Father – What's Going On?
30.3.2023
The founder of the now infamous FTX exchange, Sam Bankman-Fried, has allegedly used the $10 million he had sent to his father while still the CEO of the fallen exchange for his legal fees.
Forbes reported, citing "two sources close to the company", that in 2021, while he was still the FTX...
OKX Says It's Turning Over $157M in Frozen FTX and Alameda Assets
30.3.2023
FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
30.3.2023
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least...
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
28.3.2023
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against...
FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet
27.3.2023
A wallet controlled by the FTX bankruptcy estate has received tranches of the Arbitrum airdrop from several wallets linked to Alameda Research, on-chain data shows
FTX Bankruptcy Update: FTX Debtors to Sell Mysten Labs Stake for $95 Million
24.3.2023
The infamous crypto exchange FTX will reportedly sell its stake in Web3-focused startup Mysten Labs in an effort to pay back its customers.
The new management at FTX is continuing its mission to collect money to return to the victims of the old management's practices. ...
Read More: FTX Bankruptcy...
FTX seeks to claw back $460M from Bankman-Fried-backed VC firm
23.3.2023
While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
18.3.2023
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion...