FTX Seeks Court Intervention in Battle With SBF Over $450M in Robinhood Shares
FTX is seeking assistance from a US bankruptcy court in determining ownership of about $450 million in Robinhood shares owned by an entity set up by Sam Bankman-Fried in Antigua and Barbuda.
3 FTX Execs Snitched on SBF, Now Scrutiny Is Aimed at FTX’s Director of Engineering
On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed they imposed fraud charges against FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison. After Wang’s and Ellison’s surrender announcement, the public has been wondering where FTX’s director of engineering, Nishad Singh, is located and whether or not he has come forward yet.
Breaking: FTX Founder SBF Released on $250 Mn Bond, Placed Under House Arrest
After making his initial court appearance on Thursday in a federal court in Manhattan, FTX founder Sam Bankman-Fried is scheduled to be released on a bond of $250 million. He will also be placed under house arrest in the Palo Alto home which he shares with his parents Joseph Bankman and Barbara Fried, prominent Stanford University Law professors.
At Least 30 Entities With Connections to FTX Have Been Subpoenaed by DOJ
Charles Gasparino on Twitter: "BREAKING: @SBF_FTX lawyers working to convince DOJ to grant SBF bail under some type of supervision in exchange for bail/cooperation once he is extradited--sources. DOJ investigation is extensive w nearly 30 entities/people w ties to SBF receiving subpoenas."
SBF To Return to U.S. Immediately in Hopes of Securing Bail
FTX founder Sam Bankman-Fried should be handed over to US authorities today, Dec. 21, as reports surfaced that he has agreed to the extradition. According to an affidavit, the former CEO of FTX consented to be extradited partly in the interest of making his customers whole.
Media Organizations To Return Grants By SBF
After the charges were filed by the justice department, the media companies that received money from the former FTX CEO, SBF, or his foundations, are freezing the cash.
FTX Will Look to Retrieve Voluntary Payments From Third Parties, Possibly Including SBF's Political Donations
Bankrupt crypto exchange FTX will attempt to recoup voluntary payments made to third parties prior to its collapse, pursuing them in court if necessary.
SBF Reportedly Moving to the U.S. in Search of Bail
Top FOX Business journalist Eleanor Terrett said former FTX CEO Sam Bankman-Fried (SBF) might finally be released on bail in the United States.
FTX Founder Will Not Contest Extradition to the US: Report
According to a report from Reuters on December 17 citing a source with knowledge of the situation, the founder of the now bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried has changed his mind about contesting extradition.
Inside Kevin O’Leary and Binance’s CZ Hot Exchange Over FTX’s Collapse
Despite the arrest of Sam Bankman-fried “SBF”, the ex-CEO of FTX in the Bahamas on Dec 12, Congressional hearings on the FTX debacle kicked off as planned mid-week. Kevin O’Leary, accused of receiving $15 million to promote FTX despite allegedly knowing the exchange’s fraudulent activities testified on Dec 14. When asked by Senator Pat Toomey why he thought FTX failed, he noted that FTX and Binance were at war with each other, putting the other out of business intentionally. “Binance is a massive unregulated global monopoly now. They put FTX out of business,” he said.
