Tag: FTX

SBF met with Biden’s senior advisors 2 months before FTX collapse: Report

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Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, one of which reportedly occurred just two months before the fall of his crypto empire. Most of the meetings were disclosed in visitor logs which are posted by the White House every month, showing that Bankman-Fried had met with Counselor to the President Steve Ricchetti on Apr. 22, 2022 and May. 12, 2022 along with another meeting on May 13 meeting with policy advisor Charlotte Butash However, according to…

Non-US FTX customers want private info redacted from bankruptcy filings

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A group of non-U.S. FTX customers are pushing to have their names and private information redacted from court documents as part of the crypto exchange’s Chapter 11 bankruptcy process. In a Dec. 28 joinder filing, the “The Ad Hoc Committee of Non-US Customers of FTX.com” (Ad Hoc Committee) stressed that publicly revealing the names and private information of customers runs the potential risk of identity theft, targeted attacks and “other injury.” “Requiring the Debtors to disclose the FTX.com customers’ names and other identifying information to the general public would cause…

Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

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The highly disputed Robinhood shares claimed by both BlockFi and FTX  might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner. Digital asset lender BlockFi recently sued former FTX CEO Sam Bankman-Fried to claim the shares that were supposedly pledged as collateral for the more than $600 million that BlockFi loaned to Alameda Research. The 56 million Robinhood Markets shares, which are currently frozen, are worth around $450 million. They are owned by Bankman-Fried’s holding company Emergent Fidelity Technologies, which was formed…

The Crypto Market and Altcoins Will Skyrocket After The Bitcoin Halving

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join our Exclusive Crypto and Stock Market Content on Patreon: Some guy saying it’s weird of me to buy low and sell high: My prediction of the bitcoin 2021 peak (before it happened) and 2022 crypto crash warning (before it happened): Get up to 12 Free Stocks valued between $34 and $30,600 when you open and fund a new Stock Account: The best way to support our channel is to share this video on your social media to spread awareness. We appreciate…

FTX Faces Class-Action Lawsuit from Customers Who Claim Right Over Exchange’s Assets

The plaintiffs have argued that the customers of FTX have the first right over the exchange’s frozen funds, in an attempt to get their money back. The collapse of the crypto exchange FTX-led to more than a million active customers losing their digital asset holdings. These customers have now come forward filing a class-action lawsuit against the exchange in an effort to their money back first. Class-Action Lawsuit Four individuals have filed a class action lawsuit demanding priority access to the frozen funds. They are now seeking a declaration that…

What to expect from crypto the year after FTX

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Cryptocurrency had its Lehman moment with FTX — or, perhaps, another Lehman moment. The macroeconomic downturn has not spared crypto, and as November rolled around, nobody knew that we were in for the collapse of an empire worth billions of dollars. As the rumors of bankruptcy began to take hold, a bank run was inevitable. Sam “SBF” Bankman-Fried, the once effective altruist now under house arrest, continued to claim that assets were “fine.” Of course, they were not. From Genesis to Gemini, most major crypto organizations have been affected by…

FTX Co-Founder Faces ‘No-Nonsense’ Judge Next Week, Report Says SBF ‘Expected to Enter a Plea’ in Fraud Case – Bitcoin News

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According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S. judge Lewis Kaplan in Manhattan, according to a report published by Reuters. Report Claims FTX Co-Founder Sam Bankman-Fried ‘Expected to Enter a Plea Next Week,’ Criminal Defense Attorney Says Feds Have a Case With ‘Very Few Holes’ Just recently, the judge that was presiding over…

FTX Customers File Class Action to Claim Assets Within Bankruptcy Case – Bitcoin News

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A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their holdings with the trading platform belong to them rather than the failed company. Customers Sue FTX, SBF for Priority Right to Repayment Over Other Creditors Four FTX customers have filed a lawsuit on Tuesday against the crypto exchange and its former executives, including founder and ex-CEO Sam Bankman-Fried (SBF).…

Scammers impersonate US State Department, claiming to help affected FTX users

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With the FTX collapse leaving many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of already injured victims by posing as government officials.  In a press release, the Oregon Division of Financial Regulation (DFR) warned crypto investors that fake applications and websites put up by scammers are aiming to take their money but give nothing in return. The DFR urged traders to make sure to “do their homework” before sending any of their funds to crypto trading platforms. The DFR gave the…