In a recent court hearing in Delaware, the failed crypto exchange FTX announced its decision to abandon efforts to restart its crypto exchange and instead liquidate all assets to refund its customers, according to an attorney representing the company. Per a Reuters report, FTX had negotiated with potential bidders and investors for several months. Still, […]
FTX-Linked Billionaire Joe Lewis Pleads Guilty To 19 Fraud Charges In The US | Bitcoinist.com
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In a significant development, billionaire Joe Lewis, formerly associated with bankrupt crypto exchange FTX and known for owning a Premier League football club, has pleaded guilty to 19 fraud charges related to insider trading in the United States. Lewis, who had sold over $76 million worth of property in the Bahamas to Sam Bankman-Fried, the […]
In a recent filing on December 27, bankrupt cryptocurrency exchange FTX unveiled its repayment plan, triggering customer outrage and discontent. The plan, which values customers’ digital assets at the time of FTX’s collapse, offers a value significantly lower than prevailing market prices. FTX Under Fire The filing by FTX stated that the repayment plan aims […]
Ripple Claims $11 Million In FTX Bankruptcy Case, Bolstering Legal Position | Bitcoinist.com
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In a significant legal development within the ongoing bankruptcy case of defunct crypto exchange FTX, Ripple, the blockchain payment company, has emerged victorious with a claim on FTX assets. Notably, Ripple Singapore is the party making the claim against Alameda assets in the legal battle. Ripple Singapore Asserts Rights To FTX Assets The filing with the […]
FTX Digital Markets Secure Global Settlement: Positive Outcome For Customers? | Bitcoinist.com
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In a significant development, FTX Debtors and FTX Digital Markets have announced a global settlement agreement with the Joint Official Liquidators (JOLs) representing FTX Digital Markets. The settlement, subject to court approvals, addresses the complex legal challenges arising from the collapse of the FTX group and proposes a mutually beneficial solution. Consensual Resolution Achieved The […]
In addition to a long list of court filings, FTX investors have filed a new lawsuit against the Mercedes F1 team and Major League Baseball, accusing them of aiding the exchange’s fraud schemes by promoting the exchange’s brand and logo. FTX Investors Sue Crypto Exchange Promoters A group of FTX users recently filed a twin […]
FTX Founder Sam Bankman-Fried Admits Limited Cryptocurrency Knowledge During Fraud Trial | Bitcoinist.com
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Crypto News, FTTUSDT, FTX, FTX aftermath, FTX bankruptcy, FTX CEO, FTX co-founder, FTX Collapse, FTX Collapse news, FTX Crash, FTX crypto exchange, FTX customers, FTX news, FTX Sam Bankman-Fried, Sam Bankman-Fried, Sam Bankman-Fried defense, Sam Bankman-Fried news, Sam Bankman-Fried prosecution, Sam Bankman-Fried trial
During the ongoing trial of Sam Bankman-Fried, co-founder of the now-defunct FTX crypto exchange, startling revelations have emerged regarding his understanding of cryptocurrency. FTX Co-Founder’s Shocking Testimony According to live coverage of the trial by The Guardian, Bankman-Fried confessed to knowing “basically nothing” about cryptocurrency before launching FTX and its affiliated hedge fund, Alameda Research. […]
FTX Founder Sam Bankman-Fried Accused Of Inducing Criminal Behavior By Caroline Ellison | Bitcoinist.com
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Alameda employee, Alameda news, Alameda Research, Binance, Caroline Ellison, FTT Token, FTTUSDT, FTX, FTX bankruptcy, FTX CEO, FTX CEO arrest, FTX co-founder, FTX Collapse news, FTX customers, FTX Sam Bankman-Fried, Sam Bankman-Fried, Sam Bankman-Fried news, Sam Bankman-Fried parents, Sam Bankman-Fried trial
The trial of Sam Bankman-Fried (SBF), the founder of FTX, has entered its second week, with key witnesses closely associated with the bankrupt exchange testifying against him in court. Today, Caroline Ellison, Bankman-Fried’s ex-girlfriend and former head of Alameda Research, FTX’s trading arm, brought serious allegations in the courtroom. Trial Reveals FTX-Alameda Connection In Fund […]