Search Results for "ftx"
Attorneys for Ex-FTX CEO Samuel Bankman-Fried Challenge Proposed Jury Questions Ahead of Fraud Trial
The defense attorneys for former FTX CEO Samuel Bankman-Fried have submitted a letter challenging the proposed jury questions for the upcoming fraud trial. They assert that the government's proposed questions could harbor bias against Bankman-Fried, potentially leading to an unfair trial. The defense suggests an alternative voir dire to ensure a fair jury selection process, while the prosecution opposes these suggestions. The trial is slated to begin on October 4, 2023, following jury selection on October 3.
FTX Group and Alameda Research Recover Crypto Assets
Following a liquidity crisis and bankruptcy filing, FTX Group and Alameda Research are making progress in recovering lost crypto assets. FTX has reached a settlement with Modulo Capital and is seeking to claw back funds from Genesis Global, while Alameda Research received $60M from OKX in a recovery effort.
Morgan Creek Digital to Raise $250m, Balancing BlockFi's Bailout from FTX
Bailing out the crypto lending platform BlockFi has come off as one of the most significant endeavours for early investors in the company such as Morgan Creek Digital.
Trust Wallet connects Binance Pay and Coinbase Pay
Trust Wallet launched its browser extension, now available in Chrome and Opera browsers. The extension lets users store, send and receive crypto across all EVM chains and Solana networks. Binance CEO Changpeng Zhao publicly endorsed Trust Wallet, stating "self-custody is a fundamental human right".
SEC Chair on FTX Collapse: Investors Need Better Protection
SEC Chair Gary Gensler says investors need more protection in the wake of FTX collapse
FTX Crypto Exchange Suspends Claims Portal Access After Kroll Data Breach
FTX temporarily suspends user access to its claims portal following a cybersecurity breach at Kroll, overseeing FTX's bankruptcy proceedings. The breach exposed non-sensitive data of claimants. FTX remains confident in infrastructure security and advises affected individuals on precautionary measures.
FTX and Alameda Reach $874M Settlement with BlockFi Amid Bankruptcy Proceedings
FTX and Alameda have agreed to an "in principle" settlement with BlockFi, potentially paying up to $874 million, marking a significant development in the ongoing bankruptcy saga.
Sam Bankman-Fried May Cashout Up To $100M from Twitter Buyout
Sam Bankman-Fried is set to cash out about $100 million from Twitter per his earlier investment in the company.
FTX Debtors' Filing Sets Controversial Valuations for Cryptocurrency Claims Post-Collapse
TX debtors propose a valuation for user claims based on digital asset prices at the time of the exchange's collapse, sparking objections from users due to the significant rise in cryptocurrency prices since then.
FTX Quietly Seeks to Buy Brokerage Startups Amid Move into Stock Trading
FTX has reached out quietly to at least three stock trading start-ups seeking an acquisition. The deals come as the crypto exchange recently launched stock trading.
Despite Closed Door, Justin Sun Says He's Ready to Inject Billions into FTX - Report
Justin Sun of Tron blockchain said he is ready to commit billions to bail out FTX
Alameda Research's FTX Tokens worth millions transferred
Many think the latest money transfer is part of the bankruptcy process, with officials liquidating funds to repay creditors.
