According to a recent report, Joseph Bankman and Barbara Fried, the parents of FTX founder Sam Bankman-Fried (SBF), are now facing legal action. Debtors of the now-bankrupt cryptocurrency exchange FTX allege that the couple illicitly pocketed millions. Filed on Sept.
In a landmark ruling, U.S. Bankruptcy Judge John Dorsey has given crypto exchange FTX the go-ahead to liquidate up to $3.4 billion in cryptocurrency assets. The decision sets a legal precedent and serves as a lifeline for FTX to repay
FTX, the defunct cryptocurrency exchange, has temporarily halted user accounts linked to Kroll, its bankruptcy claims agent, following a troubling cyber breach. While seemingly necessary for safeguarding users, this decision raises questions about crypto firms’ broader vulnerabilities in an era
Cryptocurrency giant Genesis, an arm of the Digital Currency Group, has struck a $175 million settlement with the beleaguered crypto exchange FTX. The deal, part of a broader effort to resolve claims connected to the ongoing bankruptcy issues of both
London-based Jacobi Asset Management has listed Europe’s inaugural Bitcoin ETF on the Euronext Amsterdam exchange. The Jacobi FT Wilshire Bitcoin ETF, trading under the ticker BCOIN, is a pioneering development that offers institutional investors a way to invest in Bitcoin.
Binance has filed for a protective court order against the US Securities and Exchange Commission (SEC) in response to what it calls “overbroad” and “unduly burdensome” requests for communications and deposition testimony from its executives. According to Reuters, the exchange
Sam Bankman-Fried (SBF) was jailed on Friday, August 11, after a New York judge revoked the FTX founder’s $250 million bail on allegations he tampered with witnesses in his upcoming fraud trial. U.S. District Judge Lewis Kaplan made the decision
In a recent analysis by data agency CCData, the South Korean digital asset platform, Upbit has surpassed leading global exchanges, Coinbase and OKX, in spot trading volume. This shift coincides with the ongoing regulatory challenges faced by Binance, the largest
The U.S. Department of Justice (DOJ) is weighing whether to charge Binance with fraud. But prosecutors are worried that doing so could cause a run on the world’s largest crypto exchange, leading to losses for users, Semafor reported. Prosecutors fear
FTX founder Sam Bankman-Fried has been accused of intimidating witnesses ahead of his upcoming fraud trial in a new twist to the unfolding legal drama. Consequently, prosecutors now argue that he must face jail time. They present this pressing argument
and then