FTX Settlement Forces Caroline Ellison to Surrender All Assets
FTX is seeking court approval for a settlement requiring former Alameda Research CEO Caroline Ellison to transfer nearly all her assets to the company’s creditors. Caroline Ellison, the former CEO of Alameda Research, has been compelled to transfer nearly all of her assets to FTX creditors to obtain court sanction for a settlement. Ellison’s motion, […]
FTX Approved to Repay Customers Fully by Bankruptcy Judge
A Delaware judge accepted FTX’s bankruptcy plan, which calls for paying consumers back with interest and cash, despite a demand for in-kind payments. The U.S. District of Delaware Bankruptcy Court’s Judge John Dorsey decided to support FTX’s repayment, which could disburse assets valued up to $16 billion. Ninety-eight percent of creditors had their requests for […]
Caroline Ellison Sentenced to 2 Years for role in FTX Crypto Fraud
District Judge Lewis A. Kaplan has sentenced former Alameda Research CEO Caroline Ellison to two years in jail. Her role in the demise of the cryptocurrency exchange FTX and the hedge fund connected to it, Alameda Research, has played a pivotal role in one of the worst financial scandals in American history. Ellison collaborated with […]
Sam Bankman-Fried Challenges His Fraud Conviction
Sam Bankman-Fried has submitted an appeal to vacate his fraud conviction, arguing that the judge who presided over the case was prejudiced. Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX , has appealed his fraud conviction, requesting a retrial. SBF contends that Judge Lewis Kaplan’s conviction resulted from his unjust adjudication. […]
FTX, Emergent Settles Over $600M Robinhood Shares Claim
Emergent Technologies has agreed with the bankrupt crypto exchange FTX regarding acquiring over $600 million in Robinhood shares. FTX CEO John Ray III filed a motion in a Delaware Bankruptcy Court on September 6 that stated the company will reimburse Emergent $14 million for administrative expenses associated with its withdrawal of a petition to claim […]