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Cryptocoins News / The Cointelegraph - 1 year ago
Ahead of FTX co-founder Sam Bankman-Fried’s October trial, government prosecutors have laid out their requests for how the jury should be directed. United States prose...
Bitcoin News / Bitcoinist - 1 year ago
In a recent court filing on Sunday, bankrupt cryptocurrency exchange FTX disclosed that it had revised its motion for settlement after facing objections from the US Trustee. Despite criticizing the US Department of Justice (DOJ) representatives for...
Cryptocoins News / CoinJournal - 1 year ago
Key Takeaways Last week saw crypto suffered its worst 24 hours since FTX as over one billion dollars in derivatives were liquidated on Thursday Derivative volume outstrips the extremely low spot volume, with cascading liquidations having the potenti...
Cryptocoins News / Finance Magnates - 1 year ago
Bankrupt crypto exchange, FTX, and its debtors have suggested reducing the maximum settled value in their proposed settlement with insolvent digital asset lender, Genesis, from $10 million to $7 million. The change followed opposition by the US Trust...
Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt crypto exchange, FTX, and its debtors have suggested reducing the maximum settled value for "small estate claims" from $10 million to $7 million. The reviewed figures followed opposition from the US Trustee to the settlement proposal pre...
by COINS NEWS - 1 year ago
Sam Bankman-Fried, the FTX founder now seeks weekday freedom for defense work, citing challenges in reviewing voluminous case documents from his detention center. However, his attempt to harass a witness underscores the potential risks of grant...
Cryptocoins News / Blockchain - 1 year ago
FTX founder Sam Bankman-Fried has sought weekday release from Brooklyn's Metropolitan Detention Center after a federal court revoked his $250 million bond for witness tampering. SBF says that the government's voluminous case materials cannot be revie...
by COINS NEWS - 1 year ago
submitted by /u/tambaybtc [link] [comments]
Bitcoin News / Bitcoinist - 1 year ago
On August 11, a Judge ruled that disgraced FTX founder Sam Bankman-Fried (SBF) be remanded in the Brooklyn Metropolitan Detention Center (MDC) after he was found guilty of violating his bail conditions. However, just a week after, SBF is asking to be...
Bitcoin News / Bitcoin.com - 1 year ago
Bitcoin started the weekend trading below $26,000, as the cryptocurrency had its worst week since the collapse of FTX. Market sentiment was bearish following reports that Spacex liquidated its bitcoin holdings. Ethereum remains below $1,700. Bitcoin...
by COINS NEWS - 1 year ago
So many are suddenly bearish as they "feel a correction is needed" or the runup was too strong too far out from halving. I disagree. I think we are near the lows for the cycle and the FTX overcorrection tricked our brains into thinking that...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?& & CoinDesk
Cryptocoins News / The Cointelegraph - 1 year ago
A community member has argued that FTX’s BIT tokens should not be automatically converted because of disqualifying factors. A community member started a discussion am...
Cryptocoins News / The Cointelegraph - 1 year ago
A community member has argued that FTX’s BIT tokens should not be automatically converted because of disqualifying factors. A community member started a discussion am...
Bitcoin News / Bitcoinist - 1 year ago
On Thursday, FTX and Genesis announced a settlement agreement worth $175 million, effectively resolving a $4 billion claim. The deal, which awaits final documentation, aims to facilitate the confirmation of Genesis’ bankruptcy plan and bring st...
by COINS NEWS - 1 year ago
submitted by /u/Snjordo [link] [comments]
by COINS NEWS - 1 year ago
This is the final summary of a series of posts I've been making on the Terms of Service (ToS) of exchanges. After a judge has ruled that customer's assets do not belong to them based on the bankrupt-firm's ToS, I decided to check how deep...
Cryptocoins News / The Cointelegraph - 1 year ago
Moonstone Bank, which renamed itself Farmington State Bank, received roughly $11.5 million from FTX’s sister firm, Alameda Research, through its holding company in 2022....
Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt cryptocurrency exchange, FTX, has agreed to settle its claims dispute with equally bankrupt digital asset lender, Genesis, by accepting a payment of $175 million to Alameda Research, its affiliated insolvent crypto hedge fund. Earlier in...
Cryptocoins News / EthereumWorldNews - 1 year ago
FTX’s stranded customers have expressed disappointment over the recent bankruptcy claim settlement.& The bankrupt exchange recently reached a $175 million deal to settle bankruptcy claims with Genesis.& The deal was significantly lower than...
Cryptocoins News / The Cointelegraph - 1 year ago
However, FTX creditors expressed discontent and urged the Official Committee of Unsecured Creditors of FTX to contest the agreement. Troubled cryptocurrency exchange...
Cryptocoins News / Blockchain - 1 year ago
SBF, FTX co-founder, faces legal scrutiny. U.S. authorities cite Caroline Ellison's diaries as key evidence against him. (Read More)
Bitcoin News / Bitcoin.com - 1 year ago
Crypto exchange FTX founder Sam Bankman-Fried (SBF) spent more than $100 million of customer funds on political donations, according to an amended indictment. On Monday, U.S. federal prosecutors also alleged that he used two FTX executives as “straw...
Bitcoin News / Bitcoin.com - 1 year ago
U.S. federal prosecutors have unveiled court documents indicating that ex-FTX CEO Sam Bankman-Fried (SBF) is entangled in a web of allegations, with illegal political campaign financing being a significant charge. In light of these allegations agains...
Bitcoin News / Bitcoinist - 1 year ago
New criminal charges keep unfolding against former FTX CEO Sam Bankman-Fried in his court case with the US prosecutors. In the latest development, the federal prosecutors filed a new indictment against the former billionaire on Monday, August 14. The...
