Prosecutors in the United States building a case against former FTX boss, Sam Bankman-fried (SBF), have reportedly gathered a trove of relevant evidence that includes code snippets, millions of pages of emails, and other digital records, the New York Times recently reported. The...
Singapore-based investment firm, Temasek Holdings, has cut down the compensation of its executives responsible for the failed investment in the now-bankrupt crypto exchange, FTX. Temasek disappointed in failed FTX investment Lim Boon Heng, the chairman of Temasek Holdings, said the firm would reduce compensation for...
In the latest development in the FTX class-action lawsuit, NBA legend Shaquille O’Neal was formally served during the broadcast of a Miami Heat versus Boston Celtics game. In a recent turn of events, NBA legend Shaquille O’Neal has been officially served legal papers...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Under the guidance of CEO John Ray III, FTX unveiled resurrection plans in a new project known as FTX 2.0. Documents recently filed in the United States Bankruptcy Court...
A class action lawsuit against celebrities accused of promoting the now-bankrupt FTX exchange has gained the cooperation of former FTX and FTX U.S. compliance chief Daniel Friedberg. In a proposed amended complaint filed on May 11, class action lawyers revealed that Friedberg provided evidence that...
Sam Bankman-Fried (SBF), who previously served as CEO and co-founder of FTX, is seeking to have most of the criminal charges against him dropped by federal prosecutors prior to his trial. In a last-minute legal move, SBF’s defense team filed seven motions to...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt crypto exchange FTX has inked a purchase agreement deal with an affiliate of Miami International Holdings to sell digital currency futures and options exchange and clearinghouse LedgerX for...
Coral, a crypto infrastructure company, has managed to bounce back from a nearly $20 million investment from FTX gone wrong. This comes after it had been wiped out in September 2022, just six weeks after FTX invested a substantial amount in his company....
A court in California has consolidated three investor claims against the collapsed cryptocurrency bank Silvergate Bank, including the failed cryptocurrency exchange FTX. The plaintiffs in the several cases seeking compensation for losses caused by the collapse of Silvergate have joined forces. US district judge Jacqueline...