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 The U.S. Securities and Exchange Commission (SEC) is scrutinizing FTX’s proposal to repay its creditors using stablecoins or other crypto assets. In a court filing dated August 30, the SEC expressed concerns about the legality of these repayments…
Key Takeaways: Collapsed cryptocurrency giant FTX has reached a significant settlement with the Commodity Futures Trading Commission (CFTC), agreeing to pay $12.7 billion to resolve a high-profile lawsuit. The deal marks a pivotal moment in the ongoing saga of FTX’s…
Key Takeaways Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, finds himself at the heart of a $100 million financial scandal involving the misuse of company assets for political donations. Recently uncovered emails, highlighted by The Wall Street Journal…
Key Takeaways A group of FTX creditors, led by vocal critic Sunil Kavuri, filed an objection on May 30th, 2024, to the bankrupt crypto exchange’s reorganization plan in US bankruptcy court. The objection argues the plan falls short on several…
Key Takeaways Sinohope, formerly Huobi Technology, created by Huobi exchange co-founder Leon Li, will recover over 100% of its stuck deposits on the defunct crypto exchange FTX via its Hbit subsidiary. As per a May 24 announcement, Hbit has sold…
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