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New Revelation: FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know
23.12.2022
When the now-bankrupt crypto exchange FTX acquired the crypto mobile app Blockfolio, payment was not made in cash but instead in the form of FTX’s own FTT tokens, financial statements have revealed.
According to Bloomberg, which said it has obtained financial statements from FTX, about 94% of...
FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares
23.12.2022
The 56 million Robinhood Markets shares at stake are currently worth around $450 million
Crypto Twitter confused by SBF's $250M bail and a return to luxury
23.12.2022
The crypto community raised many questions about how FTX's former CEO was able to secure bail and the conditions it will come with
FTX Asks Judge for Help in Fight Over Robinhood Shares Worth About $450M
23.12.2022
Rating agencies, not regulators, can rebuild trust in crypto after FTX
22.12.2022
Private rating agencies could work better and more quickly than regulators when it comes to reviewing businesses in the cryptocurrency industry
SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security
22.12.2022
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission...
FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report
22.12.2022
After evaluating several law firms, FTX's unsecured creditors' committee has chosen a legal adviser
SBF sent home after his parents put up their house to cover his astronomical bail bond
22.12.2022
The former billionaire, who has since claimed to be worth no more than $100,000, is out of jail on a $250 million bond
Sam Bankman-Fried Released on $250M Bail Secured by Parents
22.12.2022
Former FTX CEO Sam Bankman-Fried appeared in U.S. federal court Thursday on charges that he was the mastermind behind the fraud and illicit movement of customer funds inside his former crypto empire, and a judge agreed that he can be released on $250 million bail
FTX Investors’ Loss Is Wall Street Lawyers’ Gain
22.12.2022
Professionals are charging upwards of $2,000 hourly wages against $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s empire
Official: Sam Bankman-Fried Enters FBI Custody and Set to Appear in Front of US Judge as Associates Ellison and Wang Turn on Him
22.12.2022
Sam Bankman-Fried (SBF), the disgraced founder of crypto exchange FTX, has been extradited to the United States and is set to appear before a judge on Thursday.
The court appearance is expected to take place on Thursday afternoon at a Manhattan federal court. According to a New York Post report...
3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora
22.12.2022
On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed they imposed fraud charges against FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline...
SBF received special treatment inside Bahamian jail: Report
22.12.2022
Sam Bankman-Fried was held in the sick bay where he reportedly had access to running water, a toilet, a TV, and vegan food
Third parties could return FTX funds directly to customers: Law firm
22.12.2022
According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings
First Mover Americas: FTT Token at Center of New U.S. Charges in FTX Case
22.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 22, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
FTX Creditors Hire Law Firm Paul Hastings as Representation
22.12.2022
Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings
FTX, Alameda execs plead guilty to fraud charges: Community responds
22.12.2022
From wondering where the funds are to ridiculing Caroline Ellison’s trading skills, crypto community members reacted in various ways to news of exes pleading guilty
Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse
22.12.2022
One of the biggest banks in America once again paid a billion-dollar-scaled fine for the illegal treatment of its customers
Alameda's Caroline Ellison escapes potentially 110 years in jail via plea deal
22.12.2022
Former Alameda Research CEO could be released on a $250,000 bail, but she's not allowed to leave the United States
FTX's Blockfolio Stake Was Paid for Mostly in FTT: Bloomberg
22.12.2022
Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday