U.S. Bankruptcy Court Judge John Dorsey has approved the plan by FTX Debtors to start selling roughly $3.4 billion worth of BTC, ETH, SOL and other tokens that were stranded on the digital asset exchange when it filed for bankruptcy protection.
Ryan Salame has pleaded guilty to conspiracy charges to make unlawful political campaign contributions and conspiracy to operate an unlicensed money-transmitting business.
The U.S. prosecutors filed another superseding indictment accusing SBF of stealing “billions of dollars” from FTX customers while Salame invoked his Fifth Amendment right.
As Sam Bankman-Fried strives to talk his way out of prison ahead of the October trial, his attempts may be hindered by Ryan Salame, whose efforts are now centered on saving face.
Tether's audit report claims its reserves have ballooned by $7.1 billion from what was registered in Q1, but its real cash on hand paints a different picture, with figures said to be plummeting fast.
Daniel Friedberg, who worked as an adviser of SBF from 2017 until FTX's implosion in 2022, faces charges over his alleged role as a "fixer" and for breaching his fiduciary duties.
John J. Ray III's second interim report indicates a solid reason to charge Friedberg over his alleged notorious history of covering up an insider cheating scandal, though doing so won't be easy.
The $44 billion claims sought by the IRS target the collapsed crypto empire of SBF, including entities such as West Realm Shires, Ledger Holdings, Paper Bird, and North Dimension, among others.
The FTX collapse did not happen overnight but seemed to be predetermined, with a new report coming to light highlighting the recovery of billion-dollar assets and tokens that have yet to be secured.
Ed Craven and Bijan Tehrani reportedly sought advice from Dan Friedberg before Stake’s launch. More than a decade prior, Friedberg helped launch the online poker site Ultimate Bet.
Sam Bankman-Fried has been accused of offering millions in bribes to Chinese officials in the latest criminal charge against the disgraced founder of the FTX digital asset exchange.
U.S. District Court Judge Lewis Kaplan has ordered SBF to refrain from using VPN when accessing the internet from his house arrest at his parents’ home in California.
