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.
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Latest firstFTX 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…
FTX Seeks Approval to Sell $175 Million Claim Against Genesis Global
Key Takeaways Cryptocurrency exchange FTX is seeking court approval to sell its $175 million claim against the bankrupt firm Genesis Global Capital. In a recent motion filed in a Delaware court, FTX aims to simplify the process, allowing the sale…
Dismissal Looms for FTX’s Clawback Lawsuit Against Sam Bankman-Fried’s Parents
Key takeaways: In an unexpected turn of events, the legal dispute surrounding the insolvency of cryptocurrency exchange FTX has taken a new twist, with Joseph Bankman and Barbara Fried, the parents of former CEO Sam Bankman-Fried, seeking the dismissal of…
Ex FTX CEO Sam Bankman-Fried Unlikely to Face Second Trial, U.S. Prosecutors Say
Key Takeaways Former CEO of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried, may not face a second trial, according to U.S. prosecutors. The decision follows Bankman-Fried’s recent conviction on seven charges related to the collapse of FTX, including wire fraud,…
FTX Debtors Propose Independent Agreement with SBF on Embed Acquisition Deal
Regarding acquiring the stock-clearing platform Embed, the debtors of FTX have suggested pursuing separate litigation in the bankruptcy process.
FTX Submits Proposal To End Bankruptcy Amidst Legal Cost Concerns
Key Takeaways In the latest development of FTX Trading Ltd’s bankruptcy proceedings, CEO John Ray III and the legal team at Sullivan & Cromwell have submitted an amended reorganization plan. The plan, disclosed last Friday, outlines the repayment of billions…
FTX and Alameda Research Wallets Execute $23.59 Million Crypto Transfer
Key Takeaways In a recent series of transactions over four days, wallets associated with the defunct crypto trading firms FTX and Alameda Research made a significant move, transferring $23.59 million worth of digital assets to major cryptocurrency exchanges. The identification…
FTX Set to Present Updated Reorganization Plan by Mid-December
In response to the FTX 2.0 Customer Ad Hoc Committee, the Official Committee of Unsecured Creditors has sent a letter outlining the specifics of its revised suggested reorganization plan.
FTX Initiates Lawsuit Against ByBit, Alleging Irregularities in Asset Withdrawals
A lawsuit has been launched against ByBit, its investment arm Mirana, and several executives by the FTX bankruptcy estate.
