SBF Trial Day 7 – Audio recordings reveal Ellison told Alameda employees about misuse of customer funds days before collapse

After an intense three days on the witness stand, Caroline Ellison, a former top deputy to FTX founder Sam Bankman-Fried (SBF), wrapped up her testimony on Oct. 12. The day was characterized by emotional revelations, critical audio recordings, and frequent judicial interventions.

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SBF will likely lose criminal trial, former SEC official believes

Former SEC chief of Office of Internet Enforcement John Reed Stark believes a federal court could ultimately convict the FTX founder of several criminal charges, including fraud, due to three factors.

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Appeals court denies Sam Bankman-Fried’s second attempt at bail

Three judges in an appeals court have denied former FTX CEO Sam Bankman-Fried’s bail request, according to a court filing on Sept. 21. Those judges, all on the 2nd U. S. Circuit Court of Appeals in Manhattan, found no error in an earlier decision by U.

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Judges deny Sam Bankman-Fried’s appeal for early release

The former FTX CEO will remain in jail following three judges with the 2nd U.S. Circuit Court of Appeals calling the arguments behind a motion for release “unpersuasive.”

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BitBoy dismissed from FTX case as three celebrities settle

The legal fallout from the collapse of crypto exchange FTX continues, with some high-profile names opting to settle while others are dismissed entirely. Crypto influencer Ben “BitBoy” Armstrong is no longer facing a lawsuit related to his promotion of FTX.…

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NFL Quarterback Trevor Lawrence and 2 YouTube Influencers Settle FTX Case

Three celebrity promoters of the failed FTX cryptocurrency exchange have opted to settle a case which alleged they helped dupe investors.

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NFL Quarterback Trevor Lawrence and Two YouTube Influencers Settle FTX Case

Three celebrity promoters of the failed FTX cryptocurrency exchange have opted to settle a case which alleged they helped dupe investors.

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American Football Star Looks Toward Settlement After Being Named In FTX Lawsuit

American football star Trevor Lawrence is one of three celebrities who have agreed to settle after being named in an FTX class-action lawsuit. Terms Of Settlement According to a Bloomberg report, the NFL quarterback’s intention to settle was made known in court documents filed on September 15.

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BlockFi battles FTX, 3AC in court over repayment claims

Bankrupt BlockFi is contesting efforts by the insolvent FTX and Three Arrows Capital (3AC) to recover millions of dollars owed to their creditors. In a filing to a New Jersey bankruptcy court on Aug. 21, BlockFi insisted that its creditors…

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BlockFi challenges FTX and Three Arrows Capital’s $5 billion recovery claims

FTX is attempting to collect funds that BlockFi withdrew from FTX. com and others paid as interest by Alameda. BlockFi has however described FTX’s investment as a “gamble” that BlockFi creditors shouldn’t be held responsible for.

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BlockFi argues FTX, Three Arrows Capital aren’t entitled to repayments

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.

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Silvergate Announces Leadership Changes As Liquidation Progresses

Silvergate, a major crypto-friendly bank, announced the departure of three top executives as part of its liquidation process following its collapse due to a domino effect triggered by the failure of cryptocurrency exchange FTX.

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Web3 VC Shima Capital Didn’t Slow Strategy for Crypto Winter

The investor in early-stage crypto companies has remained one of the most active investors in the space despite a bear market and the collapses of FTX and three banks.

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SEC, FTX, and Three Arrows Capital contest BlockFi’s bankruptcy plans

The U. S. Securities and Exchange Commission (SEC), alongside bankrupt crypto firms FTX and hedge fund Three Arrows Capital (3AC), have objected to BlockFi’s bankruptcy plans, according to July 5 court filings.

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BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC

Multiple defunct crypto companies are now scrambling to resolve complex financial ties as they seek to repay creditors and customers

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Judge rejects SBF’s motions to dismiss criminal charges, citing lack of merit

A federal judge presiding over the case involving former FTX CEO Sam Bankman-Fried (SBF) has rejected the motions presented by his legal team, which aimed to dismiss all but three of the criminal charges.

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Is The Cardano Bottom In? Here’s What On-Chain Data Suggests

Cardano has observed some rise since hitting a low around the $0.23 level following the FTX collapse. However, here’s what on-chain data say about whether that was the bottom or not. Three Cardano Indicators Shot Up During Local Bottom Formation According to data from the on-chain analytics firm Santiment, three ADA metrics had surged to […]

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FTX sells LedgerX for $50M to affiliate of Miami-based exchange holding company

The futures and options exchange was purchased by FTX.US in 2021 to expand its spot trading services. Three other FTX assets remain up for sale.

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Judge combines Silvergate and FTX lawsuits over alleged ties

A court in California has consolidated three investor claims against FTX and Silvergate bank over allegations of the two firms having ties amid both of them filing for bankruptcy.

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OPNX Exchange, Which Offers FTX Claims Trading, Led by Three Arrows Founders, Is Now Live

Users can get a 50% discount on trading fees if they hold FLEX tokens.

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17 straight days of positive realised profit for Bitcoin, the longest streak in a year

On-chain profit metrics have picked up as the Bitcoin price has risen Net realised profits have been positive for 17 days, the longest streak in a year 74% of the Bitcoin supply is in profit, three months after it dipped below 50% after FTX collapsed and the Bitcoin price fell towards $15,000 Volatility has picked […] The post 17 straight days of positive realised profit for Bitcoin, the longest streak in a year appeared first on CoinJournal.

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US lawmakers reiterate concerns about ‘sham’ crypto firm audits to PCAOB

Two U.S. senators cited the collapse of FTX when writing to Public Company Accounting Oversight Board chair Erica Williams in January, but now suggest improper auditing could have affected three banks as well.

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52 Million Americans Own Crypto Amid ‘Frustration’ In Biased Financial System: Survey

A year of disaster for the cryptocurrency market saw the demise of Terra/Luna, Three Arrows Capital, and Celsius Network, as well as the failure of the FTX exchange. Investors were left in a state of disarray, misery, and uncertainty as a result of the events, and many began to wonder if the business had a […]

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FTX Japan Re-Open Withdrawals After November Shut Down

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CoinDesk's Major Award Is a Huge Moment for Us and Crypto Media Generally

The news that Ian Allison and Tracy Wang are joint recipients of a Polk Award, one of the most prestigious in journalism, for three November scoops that led to the unraveling of FTX’s empire is a source of immense pride for all of us at CoinDesk.

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CoinDesk Wins a Polk Award, One of Journalism's Top Prizes, for Explosive FTX Coverage

Three stories were honored, including Ian Allison’s scoop that led to Sam Bankman-Fried’s $32 billion crypto empire collapsing in days.

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FTX Japan plans to resume withdrawals as early as February: Report

FTX Japan Holdings, FTX Japan and FTX Japan Services were three of FTX’s 134 subsidiaries caught up in the firm’s Chapter 11 bankruptcy filing in the United States.

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Основатели Three Arrows Capital запускают платформу для торговли криптовалютными претензиями

Основатели хэдж-фонда Three Arrows Capital (ТAC) в партнерстве с Coinflex запускают платформу для торговли претензиями к обанкротившимся криптовалютным компаниям, таким как Celsius или FTX.

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2022 funding wrap: Epic Games, Citadel and LFG lead good year for crypto startups

Crypto had a difficult 2022 in general, but the startling string of major failures, including Three Arrows Capital (3AC), Voyager, Celsius, FTX, and BlockFi, did not slow down venture capital (VC) activity, as evidenced by data from blockchain fundraising tracker…

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Genesis Global Capital подала заявление о банкротстве: виноваты Three Arrows Capital и FTX

Платформа Genesis Global Capital сегодня подала заявление о несостоятельности в соответствии с Главой 11 Кодекса США о банкротстве. Заявки были направлены от имени Genesis Global Holdco и ее дочерних компаний Genesis Asia Pacific и Genesis Global Capital.

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Компания Genesis Capital подала заявление на банкротство

Компания Genesis Capital подала заявление на банкротство в суд Южного округа Нью-Йорка. К такому решению привел крах фонда Three Arrows Capital и биржи FTX.

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Genesis' Crypto Lending Businesses File for Bankruptcy Protection

The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.

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Genesis' Crypto Lending Businesses Files for Bankruptcy Protection

The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.

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Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses

More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from former CEO Sam Bankman-Fried or one of the senior executives of the fraud-ridden crypto giant.

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After FTX Comes GTX: Failed 3AC Founders Set To Float New Exchange

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Solana, Serum, And FTT Token: Why Are FTX-Related Tokens Leading The Rally?

Solana (SOL), Serum (SRM), and the FTX Token (FTT) have been at the forefront of the crypto rally. Despite all of these coins being linked to the FTX crypto exchange and suffering dearly for it when the company filed for bankruptcy, they have been able to stage a massive reversal. These three coins feature at […]

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FTX given the green light to sell four key business units

A Delaware bankruptcy Judge, John Dorsey, has allowed FTX to sell four business units. The sale includes LedgerX and three other business units as the company seeks to reimburse its creditors. In a ruling made on Jan. 13, the judge…

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FTX Creditor Names Can Remain Sealed for Now, Judge Rules

A Delaware bankruptcy judge allowed a list of creditors for FTX to remain sealed for at least another three months on Wednesday..

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Active Solana wallets tripled since FTX disaster

Blockchain data shows that the number of daily active wallets on solana (SOL) is recovering and is now three times higher than what was reported before the collapse of FTX.

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Previewing FTX Founder Sam Bankman-Fried’s Not Guilty Plea in Court

Happy New Year everyone! Thanks for sticking around as this newsletter heads into year three. And as is befitting the first issue of 2023, we’re going to spend today in court for FTX founder Sam Bankman-Fried’s arraignment.

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Main crypto crashes in 2022: remembering FTX, Celsius Network, Three Arrows Capital, Terra

2022 has been a catastrophic year in the crypto industry. It has seen all crypto projects losing value and some organizations filing for bankruptcy.

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5 Crypto Things That Riled Me Up in 2022

The FTX fraud, the Three Arrows Capital collapse, bitcoin maximalist rhetoric, centralized blockchains and privacy deniers, haters and destroyers were just a handful of the things that irritated CoinDesk research associate George Kaloudis in 2022.

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Five Crypto Things That Riled Me Up in 2022

The FTX fraud, the Three Arrows Capital collapse, bitcoin maximalist rhetoric, centralized blockchains and privacy deniers, haters and destroyers were just a handful of the things that irritated CoinDesk research associate George Kaloudis in 2022.

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Caroline Ellison And Gary Wang – SBF’s Top Wingmen At FTX – Plead Guilty To Fraud

The FTX rigmarole continues and this time, two top executives of the disgraced crypto empire have emerged from silence and are now in the custody of the U.S. authorities. If proven guilty of their misdeeds, the three masterminds of one of the biggest crypto exchanges in the world face a total of 275 years in […]

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Democrats to Return Over $2M in Sam Bankman-Fried Political Donations

Three Democratic political groups FTX founder Sam Bankman-Fried (SBF) donated to will seek to return the funds, The Washington Post reported. The post Democrats to Return Over $2M in Sam Bankman-Fried Political Donations appeared first on BeInCrypto.

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Democrats to reportedly return over $1M of SBF's funding to FTX victims

Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes.

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Chainalysis: FTX’s crash is not the darkest crypto event in 2022 

Chainalysis researchers have revealed that the abrupt collapse of Sam Bankman-Fried’s FTX accounted for a lesser amount of realized losses for crypto investors compared to the Terra stablecoin de-pegging and fall of Three Arrows capital. FTX demise is not the…

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Japanese Regulator Extends FTX Japan’s Suspension as Users Wait for Their Funds

The Financial Services Agency ordered that operations stay suspended for another three months.

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Ripple CTO explains why FTX failed

Ripple CTO, David Schwartz, has identified three reasons that lead to the downfall of FTX.

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