Battle Over ‘Sam Coins’: FTX Customers Demand Millions From Bankrupt Crypto Firm | Bitcoinist.com

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FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried. Investors Push For Higher Valuation According to a Bloomberg report, the investors holding tokens called Serum, MAPS, and OXY are urging US […]

FTX’s Sam Bankman-Fried Buckles Ahead Of Sentencing, 50 Years Too Much? | Bitcoinist.com

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Talks about Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX, have picked up steam ahead of his sentencing on March 28. The primary discussion has been the number of years the defendant could get, with his lawyers recently arguing that the prosecution’s proposed sentence of 50 years is unfair.  Sam Bankman-Fried […]

FTX Bankruptcy Trade Turns Into Legal Showdown As Profits Soar By 200% | Bitcoinist.com

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London-based boutique distressed asset trading firm Attestor Ltd. experienced a significant bonanza as the value of crypto assets purchased from Sam Bankman-Fried’s FTX crypto exchange soared.  According to a Bloomberg report, Attestor’s trade became the talk of distressed investing circles as profits multiplied at an astonishing rate – 50%, 100%, and even close to 200%. […]

Is FTX’s Sam Bankman-Fried Ditching Prison? Lawyers Reveal Daring Next Steps | Bitcoinist.com

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A recent court filing revealed plans that the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), had drafted to ensure he avoids jail term. SBF, whose sentencing comes up on March 28, faces the possibility of spending up to 100 years locked behind bars.  How Bankman-Fried Intended To Avoid Prison As part […]

Sam Bankman-Fried’s Lawyers Propose Sentencing Limit For $8 Billion FTX Fraud | Bitcoinist.com

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The lawyers of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), have proposed to the court how many years their client should spend in prison. As part of the argument, the legal experts explained why SBF should not get the statutory maximum sentence of over 100 years.   According to the court […]

FTX Creditors Rejoice: Bankrupt Crypto Exchange Is Adding $1 Billion To Its Balance Sheet | Bitcoinist.com

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A United States Judge has granted the request of FTX, the bankrupt cryptocurrency exchange, to sell off its substantial stake in an Artificial Intelligence (AI) startup company, Anthropic, enabling the exchange to accumulate more funds to repay its customers. FTX To Sell $1 Billion Anthropic Stake On Thursday, February 22, US bankruptcy Judge John Dorsey […]

FTX Abandons Hope For Restart, Focuses On Asset Liquidation To Repay Customers | Bitcoinist.com

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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 […]

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 […]

FTX Fraud: Mercedes F1 Team And Major League Baseball Indicted In New Lawsuit | Bitcoinist.com

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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 […]

Sam Bankman-Fried: Author Reveals ‘Absurd’ Fact About SBF And Donald Trump | Bitcoinist.com

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The founding partner of the news platform Puck, William Cohan, recently had a conversation with Michael Lewis, the author of “Going Infinite,” a book about the convicted Sam Bankman-Fried (SBF). During the talk, Lewis shared more thoughts on SBF’s life and made some interesting revelations.  How Sam Bankman-Fried Wanted To Pay Off Trump In a […]

FTX’s Sam Bankman-Fried Requests To Be Released From Prison, Court Responds | Bitcoinist.com

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The former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), will have to remain in jail pending his sentencing and a possible appeal. This comes after the court recently ruled on his request for bail.  Court Upholds Sam Bankman-Fried’s Bail Revocation In a mandate dated November 21, the Appellate Court once again upheld […]