FTX Founder SBF Appeals Conviction and Sentence
The former CEO of FTX, Sam Bankman-Fried (SBF), has filed an appeal of his conviction and imprisonment, according to his attorneys.
Tag ftx
FTX Founder SBF Faces 25-Year Prison Sentence
Sam Bankman-Fried, the founder of FTX, was found guilty in November and was formally sentenced to 25 years in jail on Thursday.
FTX Creditors Seek Payout on “Sam Coins”
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…
FTX Set to Sell $1B Anthropic Stake to Settle Bankruptcy Debts
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…
BlockFi Secures $874.5 Million Settlement with FTX and Alameda Research
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…
Former FTX CEO Sam Bankman Fried Requests For 6.5 Year Jail Term in Memo
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…
FTX Resolves Dispute: European Arm Sold for $33M
Insolvent cryptocurrency exchange FTX has returned to its previous owners after settling a dispute over its European division.
Bankrupt FTX Cleared to Sell $1 Billion in Anthropic Shares
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,…
MAS States Bankrupt FTX not on its Investor Alert List
Singapore regulators defend their decision to issue a warning to Binance but not to FTX.
FTX Creditors Sue Law Firm Sullivan & Cromwell Alleging Complicity in FTX Collapse
Key Takeaways FTX creditors have initiated legal proceedings against Sullivan & Cromwell, a prominent law firm, alleging its complicity in the collapse of the cryptocurrency exchange. The lawsuit contends that Sullivan & Cromwell’s involvement extended beyond customary legal services, accusing…
