Now defunct crypto exchange FTX has sent out confidential messages to political figures and other recipients of contributions requesting to return such funds to the FTX Debtors by February 28, 2023. The bankrupt firm also issued a press release warning against defaulters, stating that the FTX Debtors might take legal action to recover the returned payments, […]
SBF
SBF’s Bail Plea Conditions Under Negotiation
The FTX empire and its creator Sam Bankman-Fried (SBF) fell, and the entire world, along with it, observed it. The former CEO is currently subject to home arrest, which comes with regulations that must be followed. SBF’s lawyers argued against the same and presented the Judge with a new request. According to a recent court […]
Ethereum: SBF-Linked Wallets Transfer $90M stETH To ETH During Depeg
Nearly 64k Staked Ethereum or stETH worth approximately $890 million was converted to Eth during the then de-pegging of stETH/ETH in May-June 2022. This was revealed by leading blockchain sleuth Peckshield via tweet. However, these were not ordinary wallets. As per the data tracker, the three wallets were linked to the now-defunct crypto exchange FTX. […]
Dogecoin Co-founder And Elon Musk Take A Dig At SBF’s $700M Confiscation
The friendship between the Dogecoin co-founder, Billy Markus, and the Tesla CEO, Elon Musk dates Back to a time that one can’t remember. Time and again they have showcased their bond on social media. However, this time it was no different. Sam Bankman-Fried (widely known in the crypto space as SBF), the founder of the […]
SBF makes Big Claims While Making Staunch Promises
Sam Bankman-Fried, also known as SBF, the founder of the defunct cryptocurrency exchange, has published a post-mortem on the FTX-Alameda crash. The former CEO has outlined the convergence of three significant occurrences that ultimately caused the company’s downfall. The final one placed the blame on Changpeng Zhao, otherwise known as CZ, the CEO of Binance. […]
FTX: Bahamian Regulators Take Custody Of Over $3B Users’ Deposits
In the latest update to the FTX fiasco, Bahamian Securities Commission [BSC] took control of more than $3.5 billion of customers’ assets. The regulator through a recent press release warned of a “significant risk of imminent dissipation as to the digital assets under the custody or control of [FTX] to the prejudice of its customers […]
FTX Files Motion to Control SBF’s $440M Robinhood Shares
On Thursday, FTX, led by new CEO John J. Ray III, filed a motion in a U.S. Bankruptcy Court seeking to impose an automatic stay or lengthen the stay orders on Sam Bankman-Fried’s $440 million worth of Robinhood Markets shares. According to an investigation, Robinhood stocks are the asset of the crypto exchange firm and its […]
SBF’s Desperate Bid; Files Another Bail Application
SBF, the former CEO of the now-defunct exchange FTX, has submitted a new bail application after having a previous one denied two days prior, local media on Dec. 15 reported. In a clear sign of desperation, the disgraced founder submitted a second bail request, which is set for a court hearing on January 17, 2023. Following […]
“Binance Runs FTX Out Of Bussines”: Ripple’s David Schwartz Weighs In On Kevin O’Leary’s Blame Game
During a senate hearing on December 14th, Kevin O’Leary, a Canadian businessman, claimed that the two major crypto exchanges were engaged in an all-out war with one another, Binance and FTX. Kevin accused Binance of intentionally putting its competitor FTX out of business and establishing itself as a “massive unregulated global monopoly.” David Schwartz, CTO of Ripple, weighed […]
FTX: Here’s Who Tipped off Bahamas Regulators’ About FTX’s Doings
Just two days before the cryptocurrency exchange was forced to close, a senior executive at FTX’s Bahamian subsidiary alerted local regulators to possible fraud. Ryan Salame, the former co-CEO of FTX Digital Markets (FDM), informed the Securities Commission of the Bahamas (SCB) on November 9 that FTX was sending client funds to its sister trading […]