FTX sues Sam Bankman-Fried and other former execs to claw back $1B
Former FTX and Alameda Research executives Sam Bankman-Fried, Caroline Ellison, Gary Wang and Nishad Singh were named in the suit from FTX. Go to Source Powered by WPeMatico
Caroline Ellison
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OKX just sent $60M in USDT, MASK token to Alameda Research
The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange. Go to Source Powered by WPeMatico
‘The war room was despondent’ — Scaramucci recounts FTX collapse at Consensus
The Skybridge founder said that Binance CEO Changpeng Zhao is not to blame for the collapse. Go to Source Powered by WPeMatico
FTX seeks to claw back $460M from Bankman-Fried-backed VC firm
While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle. Go to Source Powered by WPeMatico
SBF’s inner circle received $3.2B, mainly from Alameda: Court filings
Billions worth of loans and payments flowed from FTX entities to Sam Bankman-Fried and five other former executives of FTX and Alameda Research. Go to Source Powered by WPeMatico
SBF’s lawyers signal need to push back October criminal trial
Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense. Go to Source Powered by WPeMatico
Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations
Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” Singh Cooperating With Authorities in FTX Investigation; … Read more
Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors
Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director of engineering, is attempting to negotiate a deal with New York prosecutors. Sources … Read more
Sequoia Capital, Paradigm among VCs facing “tricky” FTX investor lawsuit
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer. Go to Source Powered by WPeMatico
Voyager subpoenas FTX and Alameda execs as judge orders fee examiner
On behalf of Voyager, law firm Kirkland & Ellis subpoenaed four executives from FTX and Alameda requesting an enormous array of documents. Go to Source Powered by WPeMatico
