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“Winklevoss twins sued by Gemini investors over crypto crisis” The Winklevoss twins and their embattled cryptocurrency site Gemini were slapped with a potential class action lawsuit this week from a pair of disgruntled investors who accused them of fraud and other violations. The complaint filed by investors Brendan Picha and Max J. Hastings alleges that…
“FTX customers file class action lawsuit to recoup ‘diminished’ assets” Four FTX customers filed a class-action lawsuit against the company and Alameda Research in an attempt to recoup losses following the crypto exchange’s Chapter 11 bankruptcy filing last month. The lawsuit filed Tuesday petitioned a judge in Delaware bankruptcy court to rule that remaining FTX…
“‘Fortnite’ maker to pay $520M for allegedly tricking kids into making purchases” Epic Games, the creator of the popular video game “Fortnite,” agreed to pay $520 million to settle allegations that it illegally tricked kids into making online purchases, among other violations, the feds said on Monday. The “Fortnite” publisher will pay a $275 million…
“‘I don’t have all the facts’” FTX investor and former paid spokesperson Kevin O’Leary refused to condemn Sam Bankman-Fried or classify the doomed company’s meltdown as fraud during a tense television appearance on Friday. O’Leary, one of the sharks on the hit show “Shark Tank,” provided a toothless response when pressed to point a finger…
“Ryan Salame flipped on Sam Bankman-Fried about FTX” A top-ranking FTX executive last month flipped on Sam Bankman-Fried and his allies by tipping off Bahamian regulators about alleged malfeasance — two days before the doomed crypto platform filed for bankruptcy, according to court filings. Ryan Salame, who served as co-CEO of FTX Digital Markets prior…
“Bankman-Fried parents scrutinized over antics as FTX confirms they ‘received payments’” The actions of disgraced FTX founder Sam Bankman-Fried’s law professor parents are under heavy scrutiny this week following the former billionaire’s arrest on an array of federal charges. Joseph Bankman and Barbara Fried, both professors at Stanford University, raised eyebrows on Tuesday with their…
“Sam Bankman-Fried’s parents fear his legal fees will ‘wipe them out’” The law professor parents of disgraced FTX boss Sam Bankman-Fried reportedly fear the family will go broke while paying for his defense against mounting litigation. Joseph Bankman and Barbara Fried — both well-known figures at Stanford University — have stayed with their ex-billionaire son…
“FTX’s Sam Bankman-Fried faces probe over Luna cryptocurrency crash” The feds are reportedly investigating whether beleaguered FTX founder Sam Bankman-Fried manipulated the market for two cryptocurrencies that crumbled earlier this year – eventually resulting in the downfall of his own company. Prosecutors are examining whether Bankman-Fried engaged in illicit trading activity to drive down the…
“FTX’s Sam Bankman-Fried just hired Ghislaine Maxwell’s defense attorney” Beleaguered FTX founder Sam Bankman-Fried has reportedly tapped a key member of convicted sex offender Ghislaine Maxwell’s legal team to represent him following the collapse of his cryptocurrency empire. Bankman-Fried hired Mark S. Cohen, a managing partner and co-founder of the Cohen & Gresser law firm…
“Musk’s lawyer scrambles to calm Twitter staffers who fear jail over FTC scrutiny” The head of Elon Musk’s legal team scrambled to assuage the concerns of Twitter staffers who reportedly fear they could face prison if the company runs afoul of federal regulations. In a memo to staffers, attorney Alex Spiro sought to downplay concerns…