Customers file class-action lawsuit against FTX
A class action lawsuit filed by four people made an attempt to get their money back before the government agencies lined up to suit the FTX and its founder Sam Bankman-Fried. In the United States Bankruptcy Court for the District of Delaware, the complaint was submitted on December 27. There might be up to 1 […]
U.S. Department of Justice probing $372M FTX exploit
U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million from FTX. The U.S. Department of Justice has reportedly opened an inquiry into the whereabouts of nearly $372 million in missing digital assets from the now-defunct cryptocurrency exchanges FTX and FTX US, according to a story from Bloomberg on December […]
FTX Opposes BlockFi’s Claim to SBF’s Robinhood Shares
U.S. bankruptcy judge to stop BlockFi from laying claim to more than $440 million worth of Robinhood stock purchased by indicted FTX founder. The troubled cryptocurrency exchange FTX asked a bankruptcy judge in the US for help in preventing the crypto loan company BlockFi from seizing shares in Robinhood that its former CEO Sam Bankman-Fried […]
SEC considers FTT to be a security
FTT, the native token of the now-defunct cryptocurrency exchange FTX, has been categorized as a security by the U.S. SEC in a recent complaint. The SEC said in a complaint filed late Wednesday that FTX’s exchange token FTT was promoted as an investment contract and thus is a “security.” According to the regulatory watchdog, FTT […]
Sam Bankman-Fried released after signing $250 million bond
Former FTX CEO, Sam Bankman-Fried, will be held at home while awaiting trial in the US on allegations of defrauding clients and investors of the bankrupt cryptocurrency exchange. A US judge ruled that the Former FTX CEO, Sam Bankman-Fried , could be released to his parents after signing a $250 million bond. Bankman-Fried did neither […]