Bitcoin News / Bitcoin.com - 9 months ago
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transaction...
Bitcoin News / Bitcoinist - 9 months ago
The United States Securities and Exchange Commission (SEC) has expressed reservations regarding the repayment strategy proposed by the bankrupt crypto exchange FTX, indicating potential legal challenges if the plan involves the distribution of stable...
Cryptocoins News / Finance Magnates - 9 months ago
The Securities and Exchange Commission (SEC) has taken an interest in the restructuring plan of the now-collapsed FTX and revealed its intentions to challenge the crypto exchange’s payment plan to its creditors if they were paid in stablecoins.“The S...
Cryptocoins News / Finance Magnates - 9 months ago
Ryan Salame, FTX's former executive serving a 7.5-year
sentence, has retracted his legal motion to compel the government to honor his
plea deal. The decision comes as his long-time partner, Michelle Bond, now
faces federal charges, prompting a strate...
Bitcoin News / Bitcoinist - 9 months ago
FTX, a once-celebrated cryptocurrency exchange that eventually went bankrupt, announced in a recent press release that its amended reorganization plan has received “strong” preliminary support from its creditors.
In the release, the compa...
Bitcoin News / Bitcoinist - 9 months ago
In the ongoing legal saga involving key figures of the defunct crypto exchange FTX, Ryan Salame, a former executive at the exchange, has filed a motion to challenge his current plea agreement with US authorities.
Prosecutors Alleged Breach Of Agreeme...
Bitcoin News / Bitcoinist - 9 months ago
In the latest development in the ongoing FTX saga, federal prosecutors have charged Michelle Bond, the domestic partner of former FTX executive Ryan Salame, with violating campaign finance laws. This comes just a day after Salame made a last-ditch ef...
Bitcoin News / Bitcoinist - 9 months ago
The FTX verdict is out. US District Judge Peter Castel approved a $12.7 billion deal that requires the failed exchange FTX and its sister trade company, Alameda Research, to pay their debts.
On August 7, 2024, a verdict was issued that concludes a p...
Bitcoin News / Bitcoin.com - 9 months ago
A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of En...
Cryptocoins News / Finance Magnates - 9 months ago
The Commodity Futures Trading Commission (CFTC) announced today (Thursday) that it has secured a $12.7 billion judgment against FTX and Alameda Research. These funds will reportedly be used to compensate the victims of the bankrupt exchange's fraudul...
Bitcoin News / Google News Bitcoin - 10 months ago
Bitcoin slumps 10% to trade at $54,333, registers heaviest weekly loss since FTX collapse in 2022 | Stock Market News& & Mint
Bitcoin News / Google News Bitcoin - 10 months ago
Bitcoin slumps 10% to trade at $54,333, heaviest weekly loss since FTX collapse, crypto market sell-off at $760 million | Stock Market News& & Mint