Tag: FTX

Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019 – Bitcoin News

On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). The ex-Alameda CEO’s testimony details that she was fully aware from 2019 to 2022, that Alameda Research had access to a special borrowing facility that allowed the company to maintain an unlimited line of credit…

Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

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Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea deal that she was aware FTX funds had been made available for the venture capital firm’s investments. In a transcript of proceedings for her plea deal in the Southern District of New York released on Dec. 23, Ellison acknowledged the financial ties between FTX and Alameda at the center of prosecutors’ case against former FTX CEO Sam Bankman-Fried. According to the former Alameda CEO, Alameda had access to a “borrowing facility” through FTX from…

FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock – Bitcoin News

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Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over FTX’s 56 Million Robinhood Shares On Dec. 22, 2022, court documents show that debtors from FTX want to freeze 56 million Robinhood shares owned by a subsidiary crafted by SBF called Emergent Fidelity Technologies. The debtors from FTX and Alameda have said that multiple entities…

FTX Token Jumps 65% As SBF Returns Home, Can FTT Hold The Gains?

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FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the token. However, as the dust settles on the disgraced founder, the question now becomes whether the digital asset can hold the gains from yesterday. FTT Jumps 65%  On Thursday, Bankman-Fried’s parents had put their home up to raise money for the $250 million bond put on the former…

FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares

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Embattled crypto exchange FTX asked for the assistance of a United States bankruptcy judge to prevent crypto lending firm BlockFi from claiming around $450 million worth of Robinhood shares purchased by its former CEO Sam Bankman-Fried.  On Nov. 28, BlockFi filed a lawsuit demanding Emergent Fidelity Technologies, Bankman-Fried’s holding company, to turn over 56 million Robinhood Markets shares. The stocks were allegedly put up as collateral for BlockFi’s loans to crypto trading firm Alameda Research. Both FTX and Alameda filed for bankruptcy before settling the BlockFi loans. However, FTX argued…

Collapse of FTX Can Bring SEC Closer to Banning Cryptocurrencies

The US SEC has already launched its first attack declaring that FTX’s native cryptocurrency FTT token was a security. The dramatic collapse of the crypto exchange FTX last month has sent shockwaves across the entire crypto industry. Millions of FTX users have lost their hard-earned money while trading with FTX. The situation with FTX has pushed the SEC to gather enough legal ammunition which might lead to the consideration of banning digital assets and other centralized crypto exchanges. Earlier this week on Wednesday, the US Securities and Exchange Commission (SEC)…

Bitcoin: Die Entscheidung für 2022 steht bevor.. & der „wahre“ Bull-Run aufgedeckt! | Crypto News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 💡 NOCH FRAGEN? Schreib ein Kommentar und starte eine Diskussion! 👋 ABONNIEREN! Abonnier jetzt um nichts zu verpassen! 🤍 MEHR CONTENT? Folg mir auf Twitter ➟ Mein Podcast (Hoss & Hopf) ➟ @hoss_und_hopf ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⏱ Timestamps 00:00 – Intro 00:55 – Vorwort 01:35 – Elon Musk, DOGE & Twitter 06:32 – Der große Tag 09:56 – Das Ende von Inflation? 11:58 – Der „wahre“ Bull-Run 14:25 – Meine persönliche Einschätzung & Tipps ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 📜 Disclaimer: Keine Anlageberatung im Sinne des WpHG Sämtliche…

FTX Ask Judge for Help in Fight Over Robinhood Shares Worth About $450M

Three parties, the filing says, have tried to get control of those shares: BlockFi (a lender that FTX had helped prop up earlier this year), Yonathan Ben Shimon (an FTX creditor appointed as a receiver in Antigua and granted permission to sell the shares under supervision of a court there) and Bankman-Fried himself (who has legal bills). Original Source 450MFightFTXJudgeRobinhoodSharesWorth CryptoX Portal