Key Takeaways A group of FTX creditors, led by vocal critic Sunil Kavuri, filed an objection on May 30th, 2024, to the bankrupt crypto exchange’s reorganization plan in US bankruptcy court. The objection argues the plan falls short on several…
The United States Internal Revenue Service (IRS) and bankrupt crypto exchange FTX tentatively reached an agreement.
Key Takeaways Sinohope, formerly Huobi Technology, created by Huobi exchange co-founder Leon Li, will recover over 100% of its stuck deposits on the defunct crypto exchange FTX via its Hbit subsidiary. As per a May 24 announcement, Hbit has sold…
The law firm that managed the FTX bankruptcy was found to have been ignorant of the severe financial circumstances and underlying fraud that caused the exchange to collapse.
SBF is allegedly being transported by officials from New York to a federal facility in California, which is close to his parents' house.
The former CEO of FTX, Sam Bankman-Fried (SBF), has filed an appeal of his conviction and imprisonment, according to his attorneys.
Sam Bankman-Fried, the founder of FTX, was found guilty in November and was formally sentenced to 25 years in jail on Thursday.
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…
Can’t find what you’re looking for? Type below and hit enter!
