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. […]
Attestor Capital Sues FTX Claim Seller Lemma
Attestor Capital, a leading FTX claim holder, has initiated legal proceedings against Lemma, a seller in the insolvency claims market, after making a 200% profit on the purchased FTX claims stash. The London-based hedge fund Attestor specializes in private equity and distressed assets. In addition to Diameter Capital Partners and Silver Point Capital, the firm […]