In a significant development, Roni Cohen-Pavon-former exceutive of now defunct crypto lending platform Celsius-is set to appear in the US District Court for the Southern District of New York on Thursday, days after agreeing to hand over $1.07 million linked…
key takeaways: In a surprising turn of events, cryptocurrency exchange FTX has decided to temporarily halt its planned $500 million investment in the AI startup Anthropic. This decision has raised eyebrows in the industry, as it puts a pause on…
Key takeaways : In a high-stakes legal confrontation, bankrupt cryptocurrency exchange FTX has initiated legal proceedings against four former employees of its Hong Kong-based affiliate, Salameda. This affiliate is believed to have been directly overseen by FTX’s former CEO, Sam…
Key Takeaways US regulators have imposed long-term corporate leadership prohibitions on three senior figures tied to the collapse of crypto exchange FTX, barring them from holding executive or board positions for up to a decade. The US Securities and Exchange…
FTX noted that despite the breach, no sensitive information such as account passwords, internal systems, or financial funds were compromised.
Authorities in Turkey are attempting to recoup "suspicious assets" connected to the defunct FTX cryptocurrency exchange.
Key Takeaways A legal dispute over FTX’s downfall has drawn Fenwick & West into the spotlight again, with the Silicon Valley law firm rejecting claims that it facilitated the exchange’s fraud. In a filing submitted on Monday, Fenwick described the…
Key Takeaways Leading bankruptcy service provider Kroll has come under scrutiny after a class-action lawsuit alleged that the firm failed to protect sensitive information, leaving users exposed to phishing scams. The lawsuit comes after several users reported a major data…
Key Takeaways In a major development, FTX users are seeking court approval to amend an existing lawsuit against Fenwick & West LLP, alleging the law firm played a significant role in enabling the exchange’s downfall. The move comes amid FTX…
Key Takeaways Changpeng Zhao, the former CEO of Binance, has asked a Delaware bankruptcy court to dismiss a lawsuit filed by the collapsed exchange FTX, which is seeking to claw back nearly $1.8 billion tied to a 2021 share repurchase…
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