The U.S. Department of Justice (DOJ) has seized more than 55 million shares of Robinhood (HOOD) stock owned – via a holding company – by Sam Bankman-Fried and his FTX co-founder Gary Wang, according to a court document. The shares were worth just over $456 million based on HOOD's closing price of $8.25 on Friday.

Around 117 parties have expressed an interest in buying units of FTX, a legal filing posted Sunday said, as a deadline for initial bids approaches.

Bankrupt crypto lender Voyager has defended its $1 billion plan to sell assets to Binance.US, calling criticisms “hypocrisy and chutzpah” based on unverified speculation, two legal filings posted late Sunday night show.

US Government is planning to launch a website for FTX U.S victims to notify them regarding their court proceedings and federal rights. Lewis A Kaplan has been appointed as the District Judge for this case. Even though the judge did not make a direct comment on the launch of the website, it is still under consideration by the Federal Court.

FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights and food in the nine months before the exchange’s collapse, court filings have revealed.

Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature inherent to crypto. He does not expect the FTX contagion to spread far beyond the crypto space.

SBF/FTX — aided and unwittingly abetted by the Western financial and media establishment — robbing the rest of the world (ROW) blind.

At the end of September, FTX's charity arm, Future Fund, had committed more than $160 million to more than 110 nonprofit organizations, including biotech startups and university researchers developing Covid-19 vaccines and working on pandemic studies, as well as nonprofit organizations in India, China and Brazil.

The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s victims of fraud at FTX to come forward and informing them about court proceedings.

Sam Bankman-Fried has argued he should retain control of around $450 million in shares of financial trading app Robinhood, disputing a rival claim by the estate of the company he founded and once ran, the bankrupt crypto exchange FTX.

Everyone’s talking about SBF scamming the world. But, as a business consultant, I am more interested in how he raised that much.

The United States Securities and Exchange Commission (SEC) has filed a limited objection to the Voyager-Binance.US $1 billion deal.

The collapse of crypto exchange FTX sparked a run on Silvergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals.

The American authorities have reportedly seized or will soon confiscate 56 million shares of Robinhood tied to the former CEO of FTX – Sam Bankman-Fried (SBF).

FTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month.

According to white collar crime specialist Mark A. Kasten, a partner at law firm Buchanan Ingersoll & Rooney PC Counsel, Bankman-Fried’s path will be difficult as he looks to defend himself in what for now is an upcoming October trial.

Here, TokenInsight presents you our year end review of 2022. Everything changes so fast in the crypto world, so we release it specially on the very last day of the year, in case something significant happens today and we can’t include it. It’s also our way to say goodbye to 2022. Hope it helps you with your new year resolutions.

”The company intends to redeem the investment,“ an individual with knowledge told TheWrap

2023 will be a transitionary year. A turning point. The seed for the next bull market will be planted, but not in another year we will harvest the bounty.

After the FTX collapse, everyone is wondering who is next. Will that be Barry Silbert’s DCG or Gemini, the Winklevoss Tweens crypto exchange?