Key Takeaways In the high-stakes trial of former FTX CEO Sam Bankman-Fried, his defense team is set to introduce an expert witness, Joseph Pimbley, to counter the testimony of key witnesses regarding the financial ties between FTX and the trading…
Key Takeaways In a recent turn of events, FTX customers have fallen victim to a phishing scam that impersonates FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd. These fraudulent emails promise FTX creditors a seemingly enticing…
Key Takeaways In a significant development for FTX and FTX US customers, a proposed settlement could potentially see more than 90% of their assets returned by the second quarter of 2024. This outcome follows extensive discussions between FTX debtors, the…
Key Takeaways A significant development has unfolded in the cryptocurrency industry as Genesis Global Capital’s bankruptcy estate moves closer to putting its settlement agreement with the now-defunct crypto exchange FTX into action. The proposed order to implement this agreement was…
Key Takeaways In a legal saga surrounding the assets of Sam Bankman-Fried, the former CEO of bankrupt FTX, two luxury jets have become the subject of forfeiture proceedings by U.S. prosecutors. These aircraft, a Bombardier Global and an Embraer Legacy,…
Key Takeaways In a significant ruling, Judge Lewis Kaplan, overseeing the case of Sam Bankman-Fried, has barred the founder of FTX from blaming the exchange’s lawyers for its collapse or operations during his opening statements. Nonetheless, Bankman-Fried’s legal team still…
Key Takeaways Former FTX CEO Sam Bankman-Fried, known as “SBF” in the crypto world, will remain in custody until the commencement of his criminal trial on October 3rd, as per a recent order issued by a federal judge. This decision…
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