Tag: FTX

Sam Bankman-Fried’s legal team filed in court stating that SBF should have access to assets held by FTX.

Sam Bankman-Fried's Legal Team In a letter submitted to U.S. District Court Judge Lewis Kaplan, Bankman-Fried stated that Should have access to assets held by FTX on the pretext that the client was not involved in a previously unauthorized transaction. followDocuments filed with the court on Jan. 28. FTX and FTX US have $659 million in unauthorized transfers amid collapse In November 2022, according to Nansen, Bankman-Fried denies involvement in such transactions. According to a letter sent to Judge Kaplan,...

Lawyer Oh! Neither Caroline Ellison, SBF’s mother and former FTX executive, refused to cooperate in the investigation into FTX’s finances.

Mother, older brother, and ex-executive Sam Bankman-Fried Refusing to cooperate in investigation of FTX finances, according to failed crypto exchange lawyers report A team of attorneys are currently searching for and recovering FTX's assets since declaring bankruptcy in November, according to a filing.submit to courton Wednesday, and now they intend to issue a summons to Sam Bankman-Fried, his family and others. However, only some responded to letters sent by FTX attorneys asking for more information. But no one has yet...

The FTX Legal Team Calls on Sam Bankman-Fried’s Family answering questions under oath

Reportedly, lawyers representing FTX in bankruptcy court has argued that former CEO Sam Bankman-Fried's family Should have to answer questions about their personal wealth. According to a Jan. 26 report from Bloomberg, FTX's attorneys have askedJudge John Dorsey in Delaware County allowed them to interrogate Joseph Bankman, Barbara Fried, and Gabriel Bankman-Fried, the SBF's father, mother, and younger brother, respectively, under oath about Any monetary benefit they may get from the exchange. Other FTX executives reportedly face similar questions for...

SBF allegedly used $400 million in FTX client deposits to invest in unknown VC firms.

US prosecutors accuse Sam Bankman-Fried of Use FTX client deposits to invest in venture capital (VC) Modulo Capital. According to the reportof The New York Times SBF's hedge fund and FTX affiliate Alameda Research.investThe $400 million valuation in Modulo in 2022, which has become one of SBF's most significant investments by funding, has drawn particular attention from regulators because Modulo is a relatively unknown company. But it raised a lot of capital during a challenging time for the crypto market....

Reveal the list of creditors of FTX including airlines, hotels, banks, media, charitable organizations. and technology companies

The full list of FTX's creditors has been released. By exposing a large number of companies and government agencies. On January 25, FTX's attorney have filedCreditors to the US Bankruptcy Court for the District of Delaware It is a 115-page document detailing creditors' names in alphabetical order. The list reveals global companies ranging from airlines, hotels, charities, banks, venture capital firms, media, and crypto firms. as well as US government agencies. and abroad While nearly 9.7 million (9,693,985) FTX clients...

BlockFi has $415.9 million in assets linked to FTX and $831.3 million in loans to Alameda.

Bankruptcy Crypto Lending Company BlockFi Reportedly accidentally uploading financial data It reveals $1.2 billion in assets linked to FTX and Alameda Research. According to a Jan. 25 report from CNBC, there are unresolved documents thatshowAs of Jan. 14, BlockFi had $415.9 million in assets linked to FTX and $831.3 million in loans to Alameda. These numbers are as of January 14, which the company of Bankman-Fried Both locations were included in FTX's bankruptcy in November. As a result, the crypto...

warn!! Scammers create fake FTX 2.0 tokens in hopes of stealing victims’ money after news FTX may resume.

Dubbed "FTX 2.0" to mimic the bankrupt crypto exchange, scammers created a fake FTX token that emerged less than 24 hours after the company's new CEO announced that FTX may be able to revive According to blockchain security firm PeckShield, Scammers send fake FTX 2.0 tokens to FTX exchange wallets, pretending to add liquidity before sending them to other crypto exchanges, with the goal of tricking users into clicking. Fraudulent links to steal victim's money. #PeckShieldAlert Scammers are sending FTX...

Consequence of the FTX bankruptcy: Genesis crypto exchange files for bankruptcy

Status: 01/20/2023 11:12 a.m Crypto exchange Genesis has filed a partial application for bankruptcy protection. The trading division is not affected by the bankruptcy. Genesis had already temporarily stopped lending in November as a result of the FTX affair. The lending arm of cryptocurrency broker and lender Genesis has filed for Chapter 11 bankruptcy. So the company is attempting to continue operations while preparing a recovery plan. As management emphasized, this was a "strategic move to achieve a global solution...