Elon Musk Weighs in on SBF Pardon Rumors amid Low Probability on Polymarket
SBF’s status as a major donor to the Democratic Party has fueled discussions about potential clemency.
US Government Moves $33.6M Crypto Seized from FTX
By
Bena Ilyas
As of December 4, the US government reportedly holds over 198,000 BTC, valued at $19.2 billion. With such massive reserves, the recent activity has reignited conversations around the government’s strategy concerning its crypto holdings.
DOJ Seeks $17.9M in Crypto Linked to Sam Bankman-Fried’s Alleged Bribery Scheme
FTX collapsed in November 2022, revealing extensive mismanagement of customer funds under Bankman-Fried’s leadership. It is considered one of the largest financial frauds in American history.
FTX Estate Sues Binance to Recover $1.8B in Alleged Fraudulent Transfer
The estate asserts that Sam Bankman-Fried’s $1.75 billion repurchase agreement with Binance in July 2021 was a fraudulent transfer.
FTX Co-Founder Gary Wang Seeks No Jail Time for Cooperation in SBF Case
The sentencing memo also cited Wang’s personal circumstances as part of his reasons for requesting no jail time. His legal team revealed that Wang is currently employed as a software engineer at an undisclosed firm and is expecting his first child with his wife later this month.
Ex-FTX Exec Nishad Singh Faces Sentencing in $8B FTX Fraud
By
Bena Ilyas
Singh’s cooperation was pivotal, with prosecutors pushing for leniency due to his assistance in exposing one of the largest financial frauds in US history, which led to Bankman-Fried’s conviction and significant asset recovery for victims.
FTX Customer Alleges Olympus Peak Failed to Honor Agreement
By
Bena Ilyas
Gierczyk claims Olympus Peak denied him over $1 million in extra compensation following FTX’s reorganization plan.
Former Alameda Research CEO Caroline Ellison Gets Two Years in Prison for Her Role in FTX Collapse
Despite Caroline Ellison’s cooperation with prosecutors and her role as a key witness in the trial against Sam Bankman-Fried, Judge Lewis Kaplan has rejected leniency and sentenced the former CEO of Alameda Research to two years in prison.
FTX to Pay $14M to Reclaim $600M in Robinhood Shares
By
Leon Okwatch
This settlement is one of several legal battles that FTX has faced since its collapse.
Crypto Firms Dominate Corporate Political Spending Ahead of 2024 US Elections
Crypto companies are spending millions to influence the forthcoming elections; a researcher says such spending could weaken lawmakers.
Former FTX Exec Ryan Salame Seeks to Void Guilty Plea Over Broken Government Promise
Salame confirmed the court filing on his personal social media account, noting that he is nervous about the potential outcome of the case and what it would mean for his young family.
FTX and Alameda Settle $12.7 Billion Lawsuit with CFTC
By
Leon Okwatch
This agreement is expected to aid in settling FTX’s Chapter 11 bankruptcy and alleviating the financial consequences of its collapse.
BlockFi Administrator Seeks Court Approval for Final 100% Distribution
BlockFi’s became one of the first victims of the collapse of the Sam Bankman-Fried’s FTX exchange in November 2022.
Crypto Lender BlockFi to Begin Repayments on Coinbase Soon
BlockFi exited bankruptcy in 2023 and has begun a post-bankruptcy wind-down. The defunct crypto lender closed down its web platform in May 2024.
Crypto Exchange FTX Agrees to Settle with CFTC for Nearly $13B
Attorneys representing both sides jointly stated that the settlement is an “integral and valuable component of the Debtors’ proposed Chapter 11 reorganization plan”.