Binance Facing New Class Action Lawsuit
Another class action lawsuit against Binance Exchange and CEO Changpeng “CZ” Zhao is pending because of an unhealthy FTX game. Another class action lawsuit has been filed against cryptocurrency exchange Binance Holdings Ltd. and its CEO Changpeng ‘CZ’ Zhao, for allegedly contributing to the demise of its main rival, FTX Derivatives Exchange. According to a […]
Sam Bankman-Fried Sues Insurer for Defense Fees as Trial Begins
SBF has coverage for directors and officers through FTX Trading‘s parent company, Paper Bird, but now that two companies have paid out $10 million, the third in line is refusing to pay, according to the lawsuit. As the final preparations for Sam Bankman-Fried’s trial were being made in Manhattan, his counsel filed a lawsuit against […]
Prosecution Calls for Denial of SBF’s Plea for Temporary Release
The United States government sent a letter to Judge Lewis Kaplan on September 27 expressing its opposition to Sam Bankman-Fried’s (SBF) and his counsel’s request for temporary release from prison before his October 3 trial. In its filing, the government requested that Kaplan deny SBF’s September 25 request. The government stated that the defendant’s claim […]
Judges Deny SBF’s Appeal For Early Release
A three-judge panel from the United States Court of Appeals for the Second Circuit denied Sam Bankman-Fried’s (SBF’s) motion for early release, calling the arguments behind the motion for release “unpersuasive.” In an order dated September 21, Circuit Judges John Walker Jr., Denny Chin, and William Nardini denied SBF’s request for early release, which his […]
Stanford University to Return Crypto Donations From FTX
According to a Bloomberg report, the Californian university Stanford University intends to return all funds it received from the now-defunct cryptocurrency exchange FTX running into millions. Between November 2021 and May 2022, Stanford received $5,500,000 in donations from FTX-affiliated entities. September 19 email statement from a university spokesperson: “We have been in discussions with attorneys […]