Sam Bankman-Fried was convicted last year. Here’s how his trial came together. Source
Recapping FTX Founder Sam Bankman-Fried's Trial
Tag: FTX
FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer $0.93 on the dollar for each claim. FTX Bankruptcy Claims Now Worth […] Source CryptoX Portal
FTX to Sell Anthropic Shares Following AI Boom
According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the government of Abu Dhabi’s sovereign wealth fund, Mubadala. ATIC has agreed to purchase 16,664,167 shares of Anthropic from FTX for $500 million. Source
FTX CEO Disputes Sam Bankman-Fried’s Claims of Solvency and No Harm to Creditors
John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer and CEO Debunks Bankman-Fried’s FTX Solvency Claims John J. Ray III outlined the extensive efforts made to […] Source CryptoX Portal
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse Source
DOJ’s Proposed 50-Year Sentence for Sam Bankman-Fried ‘Disturbing,’ FTX Founder’s Lawyers Say
“At age 32, the government wants to break Sam Bankman-Fried. They ignore completely his condition and vulnerabilities. Instead, they urge, menacingly, that the sentence imposed must ‘disable’ him even from ‘being in a position’ where he theoretically ‘could’ perpetrate a fraud,” the filing said. “That is a horrifying interpretation of specific deterrence.” Source
Ahead of Sam Bankman-Fried’s Sentencing, FTX Users Describe ‘Emotional Toll’ From Bankruptcy in Letters to Judge
Some of these victim impact statements also appear to follow a form letter format, with recipients substituting their account values at the time of bankruptcy, the value as of when the letters were filed and the loss amounts. Many of the letters, both the templated versions and others, emphasized the loss of value from waiting for their funds. Source
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged ‘Seller’s Remorse’
According to court documents filed in New York on Jan. 29, Attestor, through a wholly-owned subsidiary called Svalbard Holdings Limited, made an agreement with a Panamanian company, Lemma Technologies, to purchase the accounts – worth a combined $166 million at the time of FTX’s collapse – in June 2023, after placing the highest bid at an auction organized by Lemma Technologies in May 2023. Source
Prosecutors Demand 50 Years for Bankman-Fried, Citing FTX Founder’s Repeated Gambles ‘With Other People’s Money’
In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for his offenses. The prosecutors argue that SBF has a penchant for high-stake risk and “gambling repeatedly with other people’s money.” SBF’s Path From Finance Tycoon […] Source CryptoX Portal
Pantera Looks to Buy Discounted SOL From FTX Estate With New Fund: Bloomberg
The firm is floating the Pantera Solana Fund to investors, stating it has an opportunity to buy up to $250 million of SOL tokens at a 39% discount below a 30-day average price of $59.95, Bloomberg said, citing documents sent to potential investors last month. Source