Sam Trabucco Surrenders Yacht and Apartments in FTX Settlement
Former Alameda Research co-CEO Sam Trabucco has agreed to transfer two San Francisco apartments worth $8.7 million and a luxury yacht to FTX debtors as part of a settlement. Sam Trabucco Surrenders Properties According to legal filings published on Monday, Sam Trabucco, the former co-CEO of Alameda Research, will pay FTX a portion of the […]
FTX Co-Founder Gary Wang Appeals for No Jail Time in Court
Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is scheduled to be sentenced on Nov. 20. Gary Wang, co-founder of FTX and its former technology chief, has requested no prison time in a sentencing memo filed in a Manhattan district court on November 6. Wang argues his “trial testimony […]
FTX Crypto Exchange Sues KuCoin to $50M in Recover Assets
Alameda Research, the subsidiary of the bankrupt FTX crypto exchange, has initiated legal action against KuCoin in order to recover over $50 million in locked assets. The funds have been frozen by crypto exchange KuCoin since FTX’s collapse in November 2022, according to a filing from October 28. The complaint was submitted to the United […]
Coinbase to Sponsor NBA Team After FTX Collapse
In October, Coinbase announced sponsorships with the Canadian Football League, NBA’s Golden State Warriors, and the Nike Melbourne Marathon Festival. Following FTX’s demise, Coinbase emerged as one of the first US-based cryptocurrency exchanges to venture back into the realm of sports sponsorships. In separate notices published in October, Coinbase announced its cooperation with the Canadian […]
FTX settles $228 million lawsuit with Bybit
FTX’s bankruptcy estate settled with Bybit on October 24 to resolve a 2023 lawsuit seeking funds to repay clients and creditors. The FTX bankruptcy estate reached an agreement with the Bybit exchange in a legal document on October 24 to settle a lawsuit it initially launched in 2023. The FTX estate brought the case to […]