In a newly proposed class-action lawsuit, Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sa...
Tag: FTX
Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming – Bitcoin News
Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF use...
Overall DeFi Total Value Locked Hits $50,000,000,000 Mark for the First Time Since November FTX Implosion
The decentralized finance (DeFi) sector appears to be on the road to recovery after a substantial period of stagnation. The total value locked (TVL) in DeFi platforms dropped from over $50 billion to ...
FTX Japan Set to Return Client Assets By the End of February
FTX’s Japanese subsidiary has moved closer to its goal of unlocking its users’ trapped funds. The bankrupt company told clients on Friday that they can now confirm their balances on the platform, as ...
Former FTX exec Nishad Singh plans to plead guilty to criminal charges: Bloomberg
Legal • February 17, 2023, 2:43PM EST A third former FTX executive is preparing to plead guilty to criminal charges, Bloomberg reported. Nishad Singh, the former director of engineering at FTX, ...
How Did FTX Become the Opposite of What It Wanted to Be?
The FTX exchange, according to past testimony provided by its now disgraced founder and chief executive Sam Bankman-Fried, was initially designed as a way to merge both the crypto space and the tradit...
FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners – Africa Bitcoin News
The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the p...
ftx: crypto news regarding SBF’s bail conditions
Important crypto news regarding FTX, the exchange that collapsed in November, and Sam Bankman-Fried, former CEO and subsequently investigated for the exchange’s collapse. Apparently, the judge recentl...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas – Bitcoin News
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiar...
FTX investors file class-action suit against Sequoia
According to reports, users of the now-defunct cryptocurrency exchange FTX have taken aim at financiers who marketed the platform, arguing that their efforts provided a “air of legitimacy”...
Senate Banking Committee Sees More Storm Clouds After FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage The Senate Banking Committee held a largely quiet affair on Tuesday with a panel of professors well-versed in financial regulatio...
Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond – Bitcoin News
According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s...
Polaris Ventures, a charity created by former FTX and Alameda
It has been claimed that Polaris Ventures, a charity founded by Ruairi Donnelly, a former head of staff at both FTX and Alameda, wants to get access to around $150 million in profits made through the ...
Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse – Defi Bitcoin News
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of ...
FTX Digital Markets commingled client funds, Bahamian liquidators say
Legal • February 16, 2023, 11:23AM EST FTX Digital Markets, the crypto exchange’s Bahamian entity, commingled customer and corporate funds, according to a report filed in court earlier this month. ...
Investors Sue Sequoia, Paradigm, And Thoma Bravo For Promoting FTX Legitimacy
Investors of the now-bankrupt cryptocurrency exchange, FTX, have taken legal actions against venture capitalists and equity firms that supported the crypto exchange. The FTX users allege that these eq...
FTX Insiders Served Subpoenas Over Fallen Crypto Exchange’s Financial Dealings
FTX bankruptcy proceedings have taken another twist after the company’s insiders were all hit with fresh subpoenas. The bankruptcy court has ordered Sam Bankman-Fried, former Alameda CEO Caroline Elli...
FTX bankruptcy judge denies US trustee’s motion to appoint independent examiner
Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware has denied a motion appointing an independent examiner for FTX. In a Feb. 15 hearing, Judge Dorsey said he had some...
Bankruptcy Judge Rejects New Investigation into FTX Collapse
A bankruptcy judge on Wednesday rejected calls for a new, independent investigation into the collapse of FTX. Reuters reports that Judge John Dorsey of the United States Bankruptcy Court for the Distr...
Can you trust crypto exchanges after the collapse of FTX? – Cointelegraph Magazine
On Oct. 25, 2022 — about two weeks before the collapse of the world’s third-largest cryptocurrency exchange, FTX — prominent DeFi architect Andre Cronje published a foreboding article with a chilling ...
Former FTX CEO Sam Bankman-Fried Used VPN
The prosecutors who are handling the criminal case against Sam Bankman-Fried, the former chief executive officer of FTX, have asked for more time to investigate the potential legal ramifications of Ba...
SBF bond signers revealed to be former Stanford faculty; FTX bankruptcy judge rules against probe
Ad Two notable developments concerning the bankrupt crypto firm FTX and its former CEO, Sam Bankman-Fried, occurred in court on Feb. 15. Stanford members signed SBF bail bond Previously, Judge Lewis K...
Charles Gasparino Says SEC Wants to “Cut Off” Crypto After FTX Debacle
Godfrey Benjamin Charles Gasparino says SEC’s new disposition toward crypto is fueled by FTX Media personality and Fox Business Network’s Senior Correspondent Charles Gasparino has shared ...
SBF, father and former FTX executives slammed with subpoena
Founder and former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF), as well as his father Joseph Bankman, and the company’s former executives, were subpoenaed and asked to produce several...
Former FTX exec’s charity seeks to claw back $30M in funds from FTT profits locked on exchange
Ad A charity founded by Ruairi Donnelly, a former FTX executive, is attempting to get back $30 million in locked funds from a frozen account held on the bankrupt exchange, The Wall Street Journal repo...
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner – Bitcoin News
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postpo...
Ex-Stanford Dean Bailed Out Bankman-Fried To Help ‘Steadfast Friends,’ He Says
Topline Among the two mystery guarantors for Sam Bankman-Fried’s $250 million bail is Larry Kramer, the former dean of Stanford Law School, according to court filings unsealed Wednesday – and Kramer t...
FTX Series B Investors in Hot Water Due to Class-Action Lawsuit
Trouble deepens for FTX Series B Investors and the former team of bankrupt lending protocol Celsius as they fight more legal battles. The 2022 bear market consumed some of the largest crypto firms, su...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
Sequoia Capital, Paradigm, Thoma Bravo Accused of Promoting the Legitimacy of FTX (Report)
Leading venture capital firms such as Sequoia Capital, Thoma Bravo, and Paradigm were reportedly indicted for adding an “air of legitimacy” to the bankrupt cryptocurrency exchange FTX. Sam Bankman-Fri...
Investors sue Sequoia Capital and other VCs for promoting FTX
Investors in crypto exchange FTX have reportedly aimed at the financial firms who promoted the platform, alleging that their efforts lent a false sense of legitimacy to the now-collapsed exchange. Inv...
Judge denies request for FTX bankruptcy examiner
A judge denied a request to appoint an independent examiner in FTX’s bankruptcy case, noting that one would be too expensive when multiple investigations into the troubled crypto exchange are underway...