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…
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,…
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…
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…
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…
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