Ryan Salame Releases Bahamas Property in Legal Settlement
Former FTX Digital Markets co-chief executive Ryan Salame has agreed to transfer his multimillion-dollar Bahamas property as part of a plea agreement in a criminal case. Ryan Salame, formerly co-chief executive at FTX Digital Markets, has recently entered into a significant legal agreement regarding his multimillion-dollar property based in the Bahamas. Following the terms of a […]
FTX to Auction Off Remaining Solana (SOL) Tokens
The remaining Solana (SOL) tokens that the now-defunct cryptocurrency exchange FTX holds are intended to be put up for auction. According to insiders who spoke with Bloomberg, a “blind auction” with a deadline of April 24 is scheduled for this week. The next day is when the outcome is expected to be revealed. This comes […]
Cyprus SEC Suspends FTX Europe License
Cyprus SEC has suspended the license application of FTX Europe until September 2024 following challenges in maintaining operations caused by the FTX crypto exchange collapse. Until September 2024, the Cyprus Securities and Exchange Commission (SEC) has mandated that FTX Europe refrain from providing services under the suspension of its license. Officially announcing the news on […]
Sam Bankman-Fried Appeals $8 Billion FTX Fraud Sentence
Sam Bankman-Fried, the former CEO of FTX, is appealing his 25-year sentence for $8 billion fraud, arguing that the trial was unfair. Former FTX cryptocurrency exchange CEO Sam Bankman-Fried has formally lodged an appeal against his conviction and the 25-year prison term imposed on him for his $8 billion fraud role. The filing of the […]
Judge Authorizes Inquiry into Sullivan & Cromwell’s Ties with FTX
Court has approved an investigation of Sullivan & Cromwell’s conduct in the FTX bankruptcy, including an examination of potential conflicts and legal ethics. The bankruptcy court has granted authorization for a comprehensive investigation into the association between Sullivan & Cromwell LLP , a prominent law firm, and FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022. […]