Bitcoin News / Bitcoin.com - 1 year ago
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headline...
Cryptocoins News / CoinJournal - 1 year ago
FTX and Genesis are bankrupt and have been trying to collect funds for creditors under court supervision.
The agreement will resolve FTX’s claims against Genesis debtors and vice versa.
Genesis is the largest unsecured creditor of FTX.
Defunc...
Cryptocoins News / Finance Magnates - 1 year ago
FTX and Genesis Global Capital have reached an agreement
to resolve a dispute between the debtors of the now-bankrupt cryptocurrency companies.
The agreement was disclosed in a letter that was filed by their lawyers in the US
bankruptcy court for t...
Cryptocoins News / The Cointelegraph β - 1 year ago
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement. Bankrupt crypto exchange FTX and crypto lender Genesis have reach...
Bitcoin News / Bitcoin.com - 1 year ago
In a court filing released Wednesday, the U.S. Department of Justice dropped campaign finance charges against disgraced FTX co-founder Sam Bankman-Fried. Prosecutors said the charges were dropped in accordance with U.S. treaty obligations to the Baha...
Cryptocoins News / EthereumWorldNews - 1 year ago
Federal prosecutors do not intend to press charges against FTX Founder Sam Bankman-Fried for U.S. campaign finance violations.The Department of Justice wrote that SBF’s December extradition agreement with the Bahamas government did not include...
Cryptocoins News / EthereumWorldNews - 1 year ago
Federal prosecutors in the United States want Sam Bankman-Fried to be jailed ahead of the FTX trial.& The prosecutors argued that the court should reverse Bankman-Friedβs pre-trial release for the safety of the community.& The FTX founder pr...
Cryptocoins News / The Cointelegraph β - 1 year ago
On July 26, six pieces of legislation were being considered by the House Financial Services Committee, including ones on regulatory clarity and consumer protection in the space....
Cryptocoins News / Finance Magnates - 1 year ago
Lewis
Kaplan, the judge presiding over the case between the United States and Sam
Bankman-Fried, the Founder of bankrupt crypto exchange, FTX, may consider
issuing a gag order proposed by the US Attorneyβs Office, according to media
reports. US prose...
Bitcoin News / Bitcoinist - 1 year ago
Once a successful cryptocurrency exchange with a staggering $32 billion valuation, FTX is now sinking in legal troubles amid a sea of scandal. Sam Bankman-Fried, better known as SBF, the exchange’s former CEO, is at the heart of the storm after...
by COINS NEWS - 1 year ago
Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too....
Bitcoin News / Bitcoin.com - 1 year ago
Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTXβs new management argues the funds were misappropriated through dubious deals and transactions made before the coin...
by COINS NEWS - 1 year ago
My heart breaks everytime I'm reminded of the huge losses that crypto holders took during the bankruptcies of these two platforms. I personally know a few people who lost the majority of their holdings, and I can attest to the damage caused to t...
Bitcoin News / Bitcoinist - 1 year ago
The United States Department of Justice (DOJ) has accused Sam Bankman-Fried, the former CEO of the now-collapsed crypto exchange FTX, of leaking the private diary of Caroline Ellison, a former colleague, and CEO of sister trading firm Alameda Researc...