FTX News: US DOJ Appoints Creditor’s Committee, SBF Files New Bail Request
The US Dept. of Justice’s Office of the US Trustee has appointed a Committee of Unsecured Creditors to represent FTX account holders and other creditors in the bankruptcy case of the collapsed crypto exchange.
Silvergate Faces Class-Action Lawsuit Over FTX and Alameda Dealings
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.
FTX Creditors Committee Appointed, Includes Crypto Market Maker Wintermute And GGC
Cryptocurrency market maker Wintermute was appointed to the committee for unsecured FTX creditors.
Top U.S. Rep Makes Shocking Claims, Says SEC Arrested SBF to Stop Congressional Hearing
Top U.S. Rep Makes Shocking Claims About SBF’s Arrest, Indicts Gary Gensler and SEC.
Bankman-Fried Makes New Bail Application to Bahamas Supreme Court
Former FTX CEO Sam Bankman-Fried has made a new bail application before the Bahamas Supreme Court, a source familiar with the matter said on Thursday, after a magistrate judge on Tuesday rejected the former crypto mogul’s request for bail. (Reporting by Jasper Ward in Washington)
FTX Asks Court Permission to Sell Off Four Businesses, Including LedgerX
FTX's new leadership asked a federal bankruptcy judge for permission to sell off parts of the failed crypto empire’s business early next year — while those subsidiaries of FTX are still valuable.
The Delicious Demise of Sam Bankman-Fried
Sam was your typical generous, altruistic billionaire, an exponent of a thing called “effective altruism.”
Top 5 Billionaires Who Lost the Most Money Due to 2022 Crypto Crash
The most prominent crypto billionaire have together suffered a combined loss of $112.7 billion only in one year.
SBF Spent First Night in Prison in ‘Good Spirits’, Says Bahamas Acting Commissioner
FTX founder Sam Bankman-Fried spent his first night in prison “in good spirits,” the Nassau Guardian reported, citing Bahamas Acting Commissioner of Corrections Doan Cleare.
CZ Says Kevin O’Leary Is Making a Bunch of Nonsense Claims Against Binance
While testifying at a senate hearing on Dec. 14 regarding the FTX scandal, O’Leary accused Binance of putting FTX out of business to become the global monopoly. O’Leary noted that some of the FTX money went to Binance when Sam Bankman-Fried bought out FTX shares from Binance.
SBF’s Legal Battle Still Has “A Lot to Play Out,” According to Legal Commentators
Sam Bankman-Fried, former FTX CEO, faces eight accusations and could get 115 years in jail, but there is a "lot to play out" until he gets a final sentence over the coming months or even years, legal commentators said.
US Government Wants to ‘Send a Message’ to Crypto With SBF’s Arrest, Says Former US Prosecutor
The arrest of former FTX CEO Sam Bankman-Fried (SBF) has provided U.S. government regulators with a way to “send a message” to the crypto industry, said a former prosecutor for the U.S. Justice Department’s Securities and Commodities Fraud unit.
Why DeFi is the Answer to the FTX Saga
The potential of decentralized finance and the roadblocks it must overcome
Former FTX’s Exec Alerted Bahamian Authorities That SBF Was Diverting Customers’ Fund
A former executive at FTX spilled the beans to the Bahamian authorities that customers’ funds were being moved to Alameda.
Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November
A top executive of the FTX group of companies told Bahamas police that funds were comingled between the crypto exchange and its sister trading firm Alameda Research as early as Nov. 9, court documents show.
Kevin O'Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake in FTX, refused to comply with regulators’ requests whenever FTX applied for a license in different jurisdictions.
FTX Collapse Not the Worst for Crypto Investors This Year, Says Chainalysis Study
While the bankruptcy of Sam Bankman-Fried’s cryptocurrency exchange FTX has dominated headlines at the end of this year, it doesn’t represent the biggest losses for crypto investors in 2022, according to a Wednesday <a href="https://blog.chainalysis.com/reports/ftx-investor-impact-less-than-previous-crises/" target="_blank">report</a> from US-based blockchain analytics firm Chainalysis.
Bankman-Fried Lieutenant Alerted Regulators to Misuse of Customer Funds
One of Sam Bankman-Fried’s top lieutenants told Bahamian authorities that customer funds from the firm were used to plug holes in the balance sheet of his investment fund, Alameda Research.
Tether: Bloomberg’s Inexperienced Editorial Team Falls Victim to Short-Sellers
Tether restated that it had absolutely no credit towards FTX or Alameda Research. No special deal whatsoever was established between FTX/Alameda and Tether.
BitGo Refused to Unwind $50 Million in Wrapped Bitcoin for Alameda
Digital asset custodian BitGo refused to allow Alameda Research to unwind $50 million worth of wrapped bitcoin days before the latter firm went into bankruptcy, BitGo CEO Mike Belshe said today in a Twitter Spaces hosted by crypto MakerDAO delegate and founder of Blec Report Chris Blec.
