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” FTX fallout: SBF trial could set precedent for the crypto industry “ After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges…
” FTX: it took ‘Herculean investigative effort’ to identify $5.5B in liquid assets “ The debtors behind FTX have identified $5.5 billion in liquid assets but reported a “substantial shortfall of digital assets” at the bankrupt crypto exchange and its U.S. arm. In a Jan. 17 announcement, FTX said it had identified $1.7 billion in…
” ‘Ninth circle of hell’ is reserved for SBF for his betrayal: Scaramucci “ SkyBridge Capital managing partner Anthony Scaramucci has opened up about the “betrayal” he felt over the actions of FTX founder Sam Bankman-Fried, who he said he once considered a “friend.” Speaking at Casper Lab’s Blockchain Hub event in Davos, Switzerland on…
” Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution “ The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program. The Commodity Futures Trading Commission started the process of getting a default judgment…
“Miami Heat home arena gets temporary name after FTX collapse” The home of the Miami Heat has yet another name: Miami-Dade Arena. That will be the temporary moniker for the building where the NBA team plays its home games, while the search for a more permanent naming-rights partner commences. The Heat and Miami-Dade County announced…
“Miami Heat win bid to scrap $135M arena naming deal with FTX” Miami dunked on FTX over naming rights for the arena where the NBA’s Heat play their home games. A federal bankruptcy judge terminated the $135 million sponsorship agreement between venue owner Miami-Dade County and FTX, the cryptocurrency exchange founded by accused fraudster Sam…
“Key FTX executive Nishad Singh met with prosecutors: report” A key FTX executive reportedly met with the feds last week, adding another headache for Sam Bankman-Fried as former colleagues line up to flip on the disgraced ex-billionaire. Nishad Singh, FTX’s former head of engineering and a member of Bankman-Fried’s inner circle, had a proffer session…
“Coinbase CEO Brian Armstrong blames ‘unscrupulous actors’ for latest layoffs” Coinbase CEO Brian Armstrong appeared to blame disgraced FTX founder Sam Bankman-Fried after his struggling company announced another round of sweeping layoffs on Tuesday. Armstrong, an outspoken critic of Bankman-Fried, referenced recent upheaval in the cryptocurrency industry stemming from FTX’s collapse while confirming Coinbase has…
” FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case “ As the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal. Singh attended a proffer session…
” FTX subsidiaries on auction block including LedgerX attract 117 interested buyers “ As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed. In a Jan. 8 court filing made by Kevin Cofsky, a partner at Perella Weinberg,…