The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per […]
Creditors of the bankrupt cryptocurrency exchange FTX are now faced with the option of receiving their assets in cash or crypto. A filing in the United States Bankruptcy Court for the District of Delaware revealed that Judge John Dorsey had approved the solicitation packages and ballots needed for the exchange’s customers to communicate their preferences. […]
One of the largest cryptocurrency exchanges in Japan wants to acquire the local arm of the bankrupt crypto trading platform FTX. According to a report from local media Nikkei, BitFlyer Holdings, the parent company of the crypto exchange BitFlyer, is in the process of acquiring FTX Japan. The deal, which has remained undisclosed until now, […]
Creditors of the bankrupt cryptocurrency exchange FTX have filed an objection to the platform’s proposed reorganization plan, citing its failure to meet certain requirements of the Bankruptcy Code. According to a tweet by FTX creditor activist Sunil Kavuri, the objection argues that the reorganization plan ignores property rights issues, does not satisfy the best interest […]
The now-defunct crypto exchange FTX has been exposed for making payments worth over $25 million to six whistleblowers who discovered issues with it. Meanwhile, FTX still owes around $11 billion to investors who lost money after the exchange collapsed. Examiner’s Report Exposes Whistleblower Payments According to a report by examiner Robert Cleary on Thursday, one […]
The bankrupt crypto exchange FTX has concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who raked up the final troves of SOL tokens from FTX after weeks of auctions. The results of the auction were disclosed by two undisclosed sources, according to Bloomberg, […]
Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team asserts that his punishment should reflect his role in exposing the fraud, pushing for a lighter sentence of no more than 18 months. Salame’s Defense […]
The lawyers of Ryan Salame, a former executive of the bankrupt cryptocurrency exchange FTX, who pleaded guilty to his role in the firm’s collapse, have requested that a court sentence their client to 18 months in prison in an upcoming hearing scheduled for May 28. According to a sentencing memorandum seen by Inner City Press, […]
Disgraced FTX founder Sam Bankman-Fried revealed that he hasn’t experienced abuse and doesn’t “feel unsafe.” The only time he feels bothered is during the night when they ask about the rice bags they plan to use for trade. This was his first comprehensive interview since being imprisoned. SBF’s Prison Survival: Beans, Rice, and a Currency […]
Former FTX Digital Markets co-chief executive Ryan Salame has agreed to transfer his multimillion-dollar property in the Bamas as part of a plea agreement in his case. The move comes after Salame pleaded guilty to criminal charges in September 2023, and his plea agreement required him to pay $5.6 million in restitution to the debtors. […]