FTX has reportedly sued former Trump administration official Anthony Scaramucci to recover creditor funds. The suit was one of several filed by the bankrupt cryptocurrency company in its efforts to claw back money owed to its creditors, TechCrunch reported Saturday (Nov. 9). In addition to...
Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday (Nov. 7), CNBC reported, citing a Bureau of Prisons spokesperson. Ellison was sentenced in September...
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the sentence, a federal judge noted Singh’s cooperation with prosecutors, the New York Times reported Wednesday. Singh, former chief engineer at...
Most of FTX’s creditors will profit from their investments in the failed cryptocurrency exchange. That’s according to a bankruptcy agreement approved Monday (Oct. 7) by a federal court, giving 98% of FTX’s creditors approximately 119% of their claim. “Looking ahead, we are poised to return...
March 28, 2024
When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s legal defense hewed to on Thursday (March 28) during the fallen wunderkind’s sentencing hearing — but, as it turned out, all the hot air in the world can’t fill the sails of […]
November 22, 2023
Cryptocurrency exchanges play a vital role in the digital asset ecosystem. They facilitate the buying, selling, trading, transferring, and storing of both individual and institutional holdings of the more than...
October 06, 2023
Sam Bankman-Fried allegedly lied about many things over the course of his cryptocurrency exchange’s collapse. But when the since-indicted FTX co-founder first heard about the $8 billion deficit that would...
September 26, 2023
The customer claims portal for failed crypto exchange FTX closes this Friday (Sept. 29). Next Tuesday (Oct. 3), Sam Bankman-Fried, the company’s co-founder and former CEO, heads to trial where...
November 11, 2024
FTX is suing cryptocurrency giant Binance and its former CEO for $1.8 billion. The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal. It also accuses ex-Binance chief executive Chanpeng Zhao of orchestrating a “campaign to destroy” his one-time rival crypto exchange. The share deal happened in July of […]
November 10, 2024
FTX has reportedly sued former Trump administration official Anthony Scaramucci to recover creditor funds. The suit was one of several filed by the bankrupt cryptocurrency company in its efforts to...
November 07, 2024
Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday...
October 30, 2024
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the sentence, a federal judge noted...
