On Jan. 28, 2023, John J. Ray III, the current FTX CEO, who led the investigations team, revealed the SBF’s family involvement with the FTX bankruptcy case claiming that he has no doubt the SBF’s family was paid. SBF’s Family Involvement Revealed The...
On Jan. 28, Sam Bankman-Fried’s legal representatives filed paperwork to have a restriction lifted that currently prohibits the former CEO from accessing FTX’s funds. Bankman-Fried’s legal team argues for lifting restrictions Bankman-Fried’s legal team argues that bail conditions prohibiting him from accessing or transferring any...
FTX’s legal team is poised to reap millions from the ongoing FTX bankruptcy case. With the trial set to take place in October 2023, the team has under eight months to sort out the issue. The process is expected to take a lot...
The Commodity Futures Trading Commission (CFTC) commissioner, Christy Goldsmith Romero, has questioned the diligence of FTX’s Venture Capitals, given that they did not provide any oversight even with the staggering levels of the now-bankrupt exchange’s poor and unskilled management. Romero’s tough questions Speaking...
Skybridge, a universal investment organization in New York, has announced it might buy back FTX’s stake in its company. Scaramucci declares plans to buy back FTX’s stake Today, Anthony Scaramucci, CEO of Skybridge Capital, stated that the firm could buy back the stake...
A Delaware bankruptcy Judge, John Dorsey, has allowed FTX to sell four business units. The sale includes LedgerX and three other business units as the company seeks to reimburse its creditors. In a ruling made on Jan. 13, the judge authorized FTX to...