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…
SBF should not be allowed to mention the recent fundraising efforts of the AI startup Anthropic in his defense.
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…
SEC state that there were allegedly “hundreds” of auditor independence violations throughout the three-year period.
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…
McHenry criticized SEC Chair Gary Gensler for what he characterized as a troubling lack of transparency in the agency's dealings with FTX and Bankman-Fried.
Key Takeaways Architect Financial Technologies, led by former FTX US President Brett Harrison, has achieved a significant milestone with its subsidiary, Architect Financial Derivatives, receiving approval from the National Futures Association (NFA) to operate independently as an introducing broker. This…
