December 29th, 2025
Salame’s decision to cooperate with authorities and admit to his involvement in the alleged misconduct at FTX comes as a reversal of his earlier stance.
The DoJ has said that advertisements for FTX did not differentiate between the US arm and the global business.
The token movements have sparked rumours that the exchange might be gearing up for potential sell-offs.
The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case.
Proactively, the platform has placed a temporary freeze on affected user accounts within the customer claims portal.
SBF’s defense team argued that their client would need a laptop with access to internet to review the long pile of documents produced during the discovery.
FTX highlighted the pressing concern of potential fraudulent activities and scams and advised users to exercise heightened caution against any emails or communications that may impersonate parties involved in the bankruptcy proceedings.
Galaxy Digital will help FTX return funds to its creditors while making sure that the value of FTX’s $3 billion of crypto holdings doesn’t subside.
3AC stated that BlockFi’s efforts to downsize its claims might infringe upon the bankruptcy protection it received through Chapter 15.
As the US regulators tighten the belt on the cryptocurrency industry, legal experts believe SBF attorneys will have a challenging time freeing proving his innocence
In his first trial, which begins on October 2, SBF faces at least seven fraud-related charges over his activities at FTX.
The US Trustee had initially flagged concerns about disparities within the previous motion.
The lawyers representing SBF noted that their client would require more time to prepare for the defense case in October.
Despite challenging market conditions, BitGo secures massive funding as it successfully navigates through the uncertainties in crypto regulations.
Prior to the fall of FTX in November 2022, SBF stated that he intended to donate between $100 million and $1 billion to political campaigns influencing the 2024 elections.