Court Cases | ForkLog

ForkLog 12 09.10.2023

FTX used a random number to generate the size of its insurance fund

FTX's insurance fund balance was based on a formula that included a random number and daily trading volume. Wang admitted this.

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ForkLog 12 06.10.2023

WSJ: FTX Had a Backdoor for Alameda Research Worth $65 Billion

A few months before the collapse of FTX, a group of employees discovered a backdoor in the exchange's code that allowed the Alameda Research trading subsidiary to have a negative balance of $65 billion. The story is reported by WSJ.

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ForkLog 8 06.10.2023

SEC Sues Elon Musk

The U.S. Securities and Exchange Commission has filed a lawsuit against billionaire Elon Musk after he refused to testify about the deal to acquire X.

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ForkLog 8 05.10.2023

‘Acted in good faith’: Early days of the Sam Bankman-Fried trial

On October 3, hearings began in the case of the former head of the collapsed FTX, Sam Bankman-Fried. Jurors were selected and opening statements were delivered.

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ForkLog 9 04.10.2023

Fraud trial of Celsius’s former CEO set for September 2024

The fraud case against Celsius's former CEO Alex Mashinsky is set for September 17, 2024.

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ForkLog 7 04.10.2023

US DOJ outlines stance on FTX deregulation

Against the backdrop of the start of the trial of FTX founder Sam Bankman-Fried, the US Department of Justice issued a statement regarding his charitable and political donations, as well as regulation of the crypto industry.

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ForkLog 18 04.10.2023

Opinion: FTX customers to be fully reimbursed after Anthropic funding round

The successful closing of Anthropic's new funding round of no less than $2 billion will raise the AI startup's valuation to $20-30 billion and create the basis for FTX customers to be fully reimbursed.

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ForkLog 26 04.10.2023

AirBit Club employees sentenced to prison terms

The Southern District of New York sentenced Scott Hughes, Cecilia Millán and Karina Chaires of the AirBit Club to prison terms.

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ForkLog 9 04.10.2023

Third Moscow investigator arrested in 2718 BTC bribery case

The Moscow Basmanny Court, in absentia, arrested Dmitry Gubin, the former deputy head of the Investigative Department of the Investigative Committee for the Tverskoy District of the capital, in a bribery case involving 2718.6 BTC.

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ForkLog 11 04.10.2023

Court rejects SEC appeal in Ripple case

District Judge Analisa Torres denied the SEC's motion for an interlocutory appeal in the Ripple case over XRP's status as a security.

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ForkLog 10 03.10.2023

Class action filed against Binance over the FTX collapse

California investor Nir Lahav filed a class action against Binance and its CEO Changpeng Zhao, accusing them of unfair competition in relation to the victim of the FTX collapse.

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ForkLog 7 03.10.2023

Lawyers for Sam Bankman-Fried oppose testimony from Ukrainian FTX user

Lawyers for Sam Bankman-Fried are attempting to block remote testimony by a Ukrainian FTX user during the trial of the founder of the bankrupt cryptocurrency exchange.

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