FTX Japan Announces Final Date for Resuming Client Fund Withdrawals
According to a notice that was sent by the firm on Monday, FTX Japan will resume providing withdrawal services for fiat and cryptocurrency assets as of 12:00 p.m. on February 21. The announcement fulfills a commitment that the exchange made back in December while the assets were separated from the larger FTX exchange, under Japanese law.
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming To Be Affiliated With the Bankrupt Exchange
FTX debtors who control the official FTX Twitter account are warning the community about entities claiming to be associated with the now-defunct cryptocurrency exchange. The company filed for Chapter 11 bankruptcy, and the restructuring team and debtors use the official FTX Twitter account often to inform the community of updates. On Feb. 17, 2023, the debtors issued a warning, stating that the bankrupt firm has not issued any debt tokens.
Democrats To Return 2.2% of $45.2 Million Donation Made by FTX’s Co-Founder Sam Bankman-Fried
After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million, to the now-defunct crypto exchange. Of the total $1 million, the Democratic National Committee (DNC) is setting aside $815,000 to return to the bankrupt estate.
Sam Bankman-Fried Says He Only Had $100K, More Than $700 Million Has Been Seized
According to Sam Bankman-Fried, the disgraced head executive of the now defunct crypto exchange FTX, he only had about $100,000 to his name after his business fell into bankruptcy and he was arrested on alleged fraud charges. However, it appears federal prosecutors have seized as much as $700 million, all of which is believed to have been in accounts owned either by SBF himself or by the exchange.
FTX Debtors Warned Stakeholders to Be on Alert for Scams
The FTX Debtors have not issued any debt token and any such offers are unauthorized.
BlockFi Files Motion to Dismiss Bankruptcy Case for SBF’s Emergent Fidelity
Bankrupt crypto lender BlockFi has filed a motion to dismiss the bankruptcy case for Emergent Fidelity Technologies, the holding firm owned by Sam Bankman-Fried (SBF), founder and former CEO of FTX.
FTX Warns Against Justin Sun-Backed FUD Tokens
Bankrupt crypto exchange FTX has warned its creditors against patronizing unauthorized debt tokens, including the Justin Sun-backed FTX User Debt Token (FUD).
FTX Japan Plans To Resume Withdrawals As Early as February: Report
Bankrupt cryptocurrency exchange FTX’s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals for affected users as early as February.
Judge Alludes to Possibility of SBF Bail Reversal
Since Sam Bankman-Fried has been allowed to stay at his parent’s home until his trial this October, multiple missteps have occurred.
FTX's Bankman-Fried Could 'Conceivably' Get Bail Revoked, Says Judge
Former FTX CEO Sam Bankman-Fried could “conceivably” have his bail revoked after a federal judge said there was “probable cause” to believe he may have engaged in attempted witness tampering. In the Feb. 16 hearing on Bankman-Fried’s bail conditions, Judge Lewis Kaplan said there was “probable cause to believe that he [Bankman-Fried] has committed or attempted to commit a federal felony while on release, namely witness tampering” according to multiple reports. (Cointelegraph)
Crypto Morning Briefing: Tencent Teams Up with MultiversX To Expand Web3 Strategy; FTX Digital Markets Commingled Client Funds
South Korea Plans A Key Arrest Relating To Terra (LUNA) Crisis; Bitget Announced Panda Farm (BBO) Token Sale On Its Re-launched Launchpad Platform; eBay NFT Platform KnownOrigin Launches Creator Smart Contract
Ex-Stanford Dean Says SBF’s Parents Helped his Family Battle Cancer
The former dean of Stanford Law School who co-signed Sam Bankman-Fried’s bail said he considered Bankman-Fried’s parents “the truest of friends” who helped his family through a “harrowing battle with cancer.” In an emailed statement to Cointelegraph on Feb. 16, Larry Kramer said he co-signed Bankman-Fried’s bail as a way to return the favor. “Joe Bankman and Barbara Fried have been close friends of my wife and me since the mid-1990s,” said Kramer. (Cointelegraph)
US Prosecutors Ask Judge to ‘Prohibit’ Bankman-Fried From Using Phones, Internet
Federal prosecutors asked a judge to modify the terms of FTX founder Sam Bankman-Fried's release on bond to ban him from using cell phones or the internet except under very specific conditions.
Sam Bankman-Fried, Caroline Ellison, and Other Company Insiders Subpoenaed by FTX for Documents
FTX company insiders including Sam Bankman-Fried, former Alameda CEO Caroline Ellison, Bankman-Fried's father Joseph Bankman, as well as Gary Wang and Nishad Singh have been served subpoenas by bankruptcy administrators.
SBF and FTX Fraud ‘Aided and Abetted’ by Silvergate Bank, Alleges Lawsuit
Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sam Bankman-Fried (SBF)” and two of his entities, FTX and Alameda Research, in a newly proposed class action lawsuit.
Bankman-Fried Banned From Using VPN, Bail Arguments Set for Thursday
A judge banned Sam Bankman-Fried from using a VPN after the former FTX boss said he used a private network to watch the Super Bowl while under house arrest.
US Judge Halts CFTC and SEC Lawsuits Against SBF Until After Criminal Trial
United States District Judge Kevin Castel has approved the Justice Department’s request to stay the civil lawsuits filed by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) against Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt crypto exchange FTX.
Bankman-Fried’s Prosecutors Raise New Concerns Over Internet Use
US prosecutors said their discovery that Sam Bankman-Fried used a virtual private network to access the internet on two recent occasions raises concerns that the FTX co-founder could be hiding his online activities.
Binance Adds zk-SNARK Verification to Its Proof of Reserves System
Binance has upgraded its proof-of-reserves (PoR) system with zk-SNARK verifications, a form of zero-knowledge proofs that preserves the privacy and security of sensitive user information.
Congressmen Launch Probe Into SEC Handling of FTX, Sam Bankman-Fried
Members of the United States House of Representatives are looking for answers regarding how the U.S. Securities and Exchange Commission (SEC) investigated the collapse of the crypto exchange FTX.