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One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals. Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of…
Coinbase has paid $25 million for an NFT that compels the once popular crypto podcast UpOnly to restart. Bull market vibes anyone? Crypto exchange Coinbase has spent $25 million to acquire and burn a non-fungible token (NFT) designed to revive the once popular crypto podcast called UpOnly. Coinbase CEO Brian Armstrong confirmed that the “rumors…
Ryan Salame is serving time in prison for charges related to FTX’s downfall, but his deal with US prosecutors is still being litigated through his wife’s criminal case. Nearly three years after the collapse of crypto exchange FTX, courtroom battles tied to its executives and their associates are still unfolding. This week, Michelle Bond, spouse…
The distribution marks the third payout to creditors of the former exchange as it continues dispensing up to $16.5 billion in funds. The FTX Recovery Trust, the entity overseeing the distribution of funds from the bankrupt crypto exchange, announced a third tranche of distributions to creditors, worth about $1.6 billion. According to a Friday announcement,…
Almost two years after Sam Bankman-Fried was sentenced to 25 years in prison for his role in the downfall of crypto exchange FTX, the former CEO’s lawyers will return to court. Former FTX CEO Sam “SBF” Bankman-Fried, serving a 25-year sentence after his conviction on seven felony counts, will take the next step in his…
Backed by Wall Street heavyweights, Anthropic’s soaring valuation comes after it closed a $13 billion Series F, reflecting the mainstreaming of AI. AI company Anthropic, the developer of the Claude family of large language models, has reached a $183 billion valuation following its latest funding round — a dramatic increase from the start of the…
FTX creditors claim they are being targeted via phishing emails after their information was leaked in a data breach in August 2023. Financial and risk advisory firm Kroll is facing a class-action lawsuit for alleged negligent behavior over a data breach that impacted creditors of FTX, BlockFi, and Genesis. The lawsuit was filed on Tuesday…
A US judge has allowed Celsius’s lawsuit over Tether’s $4 billion Bitcoin liquidation to move forward, rejecting key parts of Tether’s dismissal bid. A US bankruptcy judge ruled that Celsius Network’s multibillion-dollar lawsuit against Tether can proceed, denying in part Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during the crypto…
The payouts to FTX creditors have sparked both controversy and speculation that the payouts could be reinvested back in the crypto markets. The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes…
Trader’s interest in Solana is strong, but declining memecoin prices and SOL token unlocks have put a cap on the altcoin’s rally. Key takeaways: Solana’s strong network activity contrasts with SOL’s token unlock schedule. MEV issues and memecoins’ price decline pose a risk to Solana’s growth potential. Read more If you liked the article, do…