bankruptcy of FTX

Photo: TIMOTHY A. CLARY / AFP (Getty Images)It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard. The Biggest Crypto Heists of 2022…So FarThe Guardian reports that FTX lawyers say that attempts to revive the exchange have been scrapped and that, instead, its assets will be liquidated and that funds will be returned to…

The US Justice Department seeks $4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to Bloomberg. Negotiations are reportedly underway that could subject Binance co-founder and CEO Changpeng Zhao (aka CZ) to criminal charges in the US.Why Should Crypto Currencies be Called Securities? | Gizmodo InterviewBloomberg cites “people familiar with the discussions” as saying that the Justice Department alleges money laundering, bank fraud, and sanctions violations…

SBF has allegedly made more than 100 calls to a New York Times reporter before handing over snippets of his ex-partner Caroline Ellison’s diary.Photo: Michael M. Santiago (Getty Images)Federal prosecutors want to once again take hold of the frizzy-haired ex-FTX head Sam Bankman-Fried and put him back in jail. Reports from inside pre-trial court hearings say the Department of Justice has had it up to here with the once-crypto kingpin leaking sensitive material to the press, alleging he’s trying to discredit witnesses.Sam…

Ever since the ill-fated crypto exchange FTX imploded last year, evidence has been building of rampant criminal activity on the part of the firm’s top executives. A new report on the company’s finances published Monday does nothing to dispel that notion, revealing instead new allegations about how the failed exchange misspent billions in customer funds, splurging on everything from personal property to illegal political contributions. Sam Bankman-Fried Using a VPN, McDonald’s AI Drive Thru Fails, Buzzfeed AI Quizzes Suck…

The bankruptcy of FTX and the arrest of its founder and former CEO are raising new questions about the role celebrity athletes such as Tom Brady, Steph Curry, Naomi Osaka. Sports fans who view their favorite players as role models might think twice before taking their financial advice, too. The bankruptcy of FTX and the arrest of its founder and former CEO are raising new questions about the role celebrity athletes such as Tom Brady, Steph Curry, Naomi Osaka and others played in lending legitimacy to the largely…