FTX Wants Permission to Sell FTX Japan and FTX Europe as Well as LedgerX
On Dec. 15 lawyers representing FTX filed a motion with the United States Bankruptcy Court seeking permission to sell off the firm's Japanese and European branches, derivatives exchange LedgerX and stock-clearing platform Embed. The lawyers note that each of these businesses have been under pressure from regulators, which “merit[s] an expeditious sale process,” adding: “The longer operations are suspended, the greater the risk to the value of the assets and the risk of a permanent revocation of licenses.” (Cointelegraph)
SBF Reportedly Files New Bail Application in the Bahamas Supreme Court
Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX has reportedly filed a new application for bail in the Bahamas Supreme Court following his previous unsuccessful bail bid. Local media on Dec. 15 reported the founder submitted the application and that it would be heard before the court in just over one month's time on Jan. 17, 2023. However, it did not cite any sources. (Cointelegraph)
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 Trustee Names Wintermute on Creditor Committee in FTX Bankruptcy Case
A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings.
