Sam Bankman-Fried, the co-founder and former CEO of collapsed crypto trade FTX, has in current months repeatedly known as for a retrial in New York, the place he was sentenced to 25 years in jail following the corporate’s 2022 downfall. His renewed public statements have coincided with rising on-line hypothesis that he might search a…
Sam Bankman-Fried has as soon as once more taken to social media from jail, laying out what he describes as “10 myths” surrounding the collapse of crypto change FTX and his subsequent conviction. The former chief govt used the statement to problem prosecutors, the chapter course of, media protection, and even the conduct of his…
Users of the collapsed crypto change FTX and Silicon Valley legislation agency Fenwick & West have reached a proposed settlement in a lawsuit accusing the agency of serving to facilitate the fraud that preceded FTX’s downfall. Key Takeaways: FTX customers and Fenwick & West reached a proposed settlement in a lawsuit tied to the change’s…
President Donald Trump has dominated out a pardon for Sam Bankman-Fried, slicing off a line of hypothesis that had lingered in crypto circles because the jailed FTX founder fights his conviction and searches for any political escape hatch. Trump delivered the message in a sweeping interview with The New York Times, the place he additionally…
Caroline Ellison, the previous co-CEO of Alameda Research, is scheduled to be launched from federal custody on Jan. 21, 2026, in line with records from the US Federal Bureau of Prisons. Key Takeaways: Former Alameda co-CEO Caroline Ellison is about for launch on Jan. 21, 2026, about 10 months sooner than her full sentence. Ellison…
The US Securities and Exchange Commission (SEC) has launched new sanctions in opposition to Caroline Ellison, the previous CEO of Alameda Research, together with Gary Wang and Nishad Singh, former executives of the now-defunct cryptocurrency alternate FTX, as half of a bigger case surrounding FTX’s misconduct. SEC Targets Key FTX Figures In Fraud Case On…
Crypto enterprise funding roared again in the third quarter, hitting $4.65 billion, the second-highest degree because the collapse of FTX despatched shockwaves by way of the business in late 2022. Key Takeaways: Crypto VC funding surged 290% in Q3 to $4.65B, marking the strongest quarter since early 2023. Capital flowed primarily into stablecoins, AI, and…
The chapter property of the now-defunct cryptocurrency change FTX has determined to withdraw its movement geared toward limiting creditor distributions to sure “probably restricted international jurisdictions.” This choice follows substantial pushback from collectors and a wave of objections filed in chapter court docket. FTX Trust Abandons Controversial Plan The FTX Recovery Trust, which filed a…
Sam Bankman-Fried says FTX at all times had sufficient property to repay clients, claiming the alternate confronted a liquidity crunch relatively than a real steadiness sheet hole, and that present recoveries show his level. In a document dated Sept. 30, 2025, Bankman-Fried and his staff contend the $8b owed to clients on the time of…
Management of bankrupt crypto change FTX has issued a warning that collectors ought to watch out for phishing campaigns. Notably, this assertion comes after the FTX Recovery Trust commenced its third settlements distribution following the change’s surprising collapse in November 2022. Bad Actors Target FTX Creditors Via Phishing Scams Recent reports by Bitcoinist suggest that…