The U.S. Court of Appeals for the Second Circuit rejected Sam Bankman-Fried’s bid to secure release from the Manhattan Detention Center ahead of the October 3 start of his criminal trial.
The court-appointed FTX Debtors has filed a complaint in the U.S. Bankruptcy Court for the District of Delaware against Allan Joseph Bankman and Barbara Fried.
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.
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.
