Key takeaways : In a high-stakes legal confrontation, bankrupt cryptocurrency exchange FTX has initiated legal proceedings against four former employees of its Hong Kong-based affiliate, Salameda. This affiliate is believed to have been directly overseen by FTX’s former CEO, Sam…
Key Takeaways Investors in the embattled cryptocurrency exchange FTX are embroiled in a legal tussle over the valuation of digital tokens associated with its co-founder, Sam Bankman-Fried, who is currently in jail. At the heart of the matter are claims…
Key Takeaways Defunct cryptocurrency exchange FTX is set to divest its approximately $1 billion stake in artificial intelligence firm Anthropic as part of a deal to settle its bankruptcy debts, CNBC reported on March 22. Anthropic, with backing from tech…
Key Takeaways In a notable development BlockFi, a company previously entangled in financial distress following the collapse of Terra’s stablecoin in mid-2022, has reached a substantial in-principle settlement totaling $874.5 million with FTX and Alameda Research estates. This agreement, revealed…
Key Takeaways In a significant turn of events, the legal counsel for former FTX CEO Sam Bankman-Fried has taken action in his ongoing legal battle. Filed in the United States District Court in Manhattan, a memo requests a prison sentence…
Key Takeaways Delaware Bankruptcy Court Judge John Dorsey has given the green light for the FTX bankruptcy estate to proceed with the sale of its stake in artificial intelligence (AI) startup Anthropic, as per court filings from Thursday. The ruling,…
Sign up for newsletter below and get your free crypto trading guide.
Can’t find what you’re looking for? Type below and hit enter!
