Key Takeaways A group of former FTX leaders, led by ex-FTX General Counsel Can Sun is reportedly working on building a new crypto exchange. Can Sun, who testified against FTX Founder Sam Bankman-Fried at his criminal trial, is leading Backpack’s…
Key Takeaways Bankrupt cryptocurrency exchange FTX, along with its debtors, has submitted a request to the U.S. bankruptcy court in Delaware seeking approval to sell trust assets, including funds from Grayscale and Bitwise, valued at an estimated $744 million. The…
Key Takeaways The high-stakes criminal trial of Sam Bankman-Fried, closely linked to the dramatic collapse of the once-valued $32 billion FTX cryptocurrency exchange, has entered its final phase, with prosecution and defense attorneys passionately presenting their closing arguments in a…
Key Takeaways In a recent bankruptcy court filing on October 25, FTX, the embattled crypto exchange, is making a move to demand information regarding substantial payments it had previously made to the Center for AI Safety (CAIS), a nonprofit organization…
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