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 […]
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 […]
Apple Pays $5M for Sam Bankman-Fried Book Rights
The book by Michael Lewis, ‘The Big Short,’ about the former FTX CEO, will be released on October 3rd. SBF’s New York legal proceedings begin on this date. Apple reportedly acquired the rights to the imminent book by Michael Lewis about the former CEO of FTX, Sam Bankman-Fried (SBF), in a competitive bidding process for $5 […]
SOL Dilemma: Will FTX Sell-Off Push Solana to $18 or $6?
Solana (SOL) is facing downward pressure as the market anticipates a large sell-off of its tokens by the troubled FTX exchange. Can SOL rebound from this challenge and break above the $20 resistance level? [Read more] Solana’s (SOL) price has recently shown resilience after Visa announced its plans to introduce USDC settlement over the Solana […]
Consensus 2023: How to Protect Crypto Users After FTX Fiasco
A group of experts at Consensus 2023 discussed the pros and cons of self-custody and regulation for crypto assets in the wake of the FTX collapse. In December 2022, FTX filed for bankruptcy , revealing that it had only $900 million in assets and more than $9 billion in liabilities. Sam Bankman-Fried (SBF), the founder […]