Tag: FTX exchange

    New Promo Lawsuits Name FTX Users, Mercedes F1 Team, and MLB - The collective of FTX users is directing its focus towards the Mercedes Formula One team and Major League Baseball, accusing them of aiding FTX in perpetrating fraudulent activities through their promotion of the crypto exchange on their respective platforms.

    What Awaits Sam Bankman-Fried - Sam Bankman-Fried's legal woes are far from over after a Manhattan jury unanimously found him guilty seven times last week

    FTX Plans to Sell $744 Million in Crypto Assets to Repay Creditors - Coinpedia Fintech News recently published an article stating that FTX intends to sell $744 million worth of cryptocurrency assets in order to repay its creditors.

    Closing Arguments: Day 17 of SBF Trial Paints FTX Founder as Both Criminal and Victim - During the trial of United States v Sam Bankman-Fried, attorneys delivered their closing arguments. This legal proceeding centers around the collapse of FTX, with prosecutors accusing the founder of constructing his cryptocurrency empire through deceptive means, often referred to as a "pyramid of lies."

    Soaring High: Solana and Other FTX Holdings Thrive One Year After Sam Bankman-Fried’s Downfall - The downfall of the FTX founder started on November 2, 2022. One year later, jurors are now ready to begin deliberating on his fate. Interestingly, this coincides with a time when the value of the SOL tokens owned by FTX has increased by an additional $1 billion.

    What Happened During Sam Bankman-Fried’s Second Week in Court? - Is Sam Bankman-Fried a criminal mastermind or a hapless individual? This article provides an insightful examination of the ongoing trial proceedings surrounding him.

    FTX Reportedly Opens $65B Secret Backdoor Line of Credit for Alameda - FTX opened a $65 billion secret backdoor line of credit for Alameda Research, reports said.

    FTX Gets Permission to Sell $3.4B Crypto Holdings Without Prior Notice to Community - The US Bankruptcy Court has approved FTX’s proposal to sell its crypto holdings worth over $3.4 billion in SOL, BTC, ETH and many other altcoins.

    FTX Files Reorganization Plan to Court – FTT Is Dead - FTX has finally filed a proposed plan to reorganize the exchange but FTT token holders would get nothing.