FTX | ForkLog - Part 19

ForkLog 6 06.03.2023

Sam Bankman-Fried seeks access to Netflix and crypto-news outlets ahead of his trial

Damian Williams, the U.S. attorney for the Southern District of New York, has submitted to the court a list of sites that the founder of the collapsed FTX, Sam Bankman-Fried (SBF), may access.

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ForkLog 16 03.03.2023

FTX CEO cites a ‘substantial capital shortfall’ at the platform

At present, it is not possible to accurately calculate or model the size of compensation for FTX clients' losses. This was stated by John Ray, the CEO of the platform going through the bankruptcy process, according to The Block.

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ForkLog 11 01.03.2023

SEC accuses former FTX top executive of deceiving investors

The former FTX chief technology officer Nishad Singh was 'an active participant' in a plan to defraud the platform's customers, according to a statement settling the SEC's claims.

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ForkLog 49 28.02.2023

Greed and recklessness: why the FTX collapse is being likened to the 2008 crisis

ForkLog remembered what preceded the Wall Street collapse, how events unfolded in 2008 and 2022, and compared regulators' responses and the consequences for those directly involved.

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ForkLog 7 27.02.2023

Ava Labs CEO: Sam Bankman-Fried inflicted ‘immeasurable’ damage on the crypto industry

Emin Gün Sirer, head of Ava Labs, the company behind the Avalanche blockchain, said in a Decrypt podcast that the FTX collapse harmed the reputation of the entire digital asset industry.

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ForkLog 14 24.02.2023

Sam Bankman-Fried Charged with Conspiracy to Commit Bank Fraud

The former head of the collapsed FTX, Sam Bankman-Fried (SBF), has been charged with new criminal charges, including conspiracy to commit bank fraud. The Block reports.

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ForkLog 10 21.02.2023

Bloomberg: another top FTX executive plans to plead guilty to fraud

The former FTX chief technology officer Nishad Singh plans to plead guilty to fraud for his role in the beleaguered exchange. Bloomberg reports, citing its own sources.

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ForkLog 17 20.02.2023

FTX Japan sets date for resuming withdrawals

On February 21, FTX Japan will resume withdrawals of digital assets and fiat. This is stated in a statement by the bitcoin exchange.

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ForkLog 8 20.02.2023

FTX moved Bahamian assets worth $7.7 billion to US units ahead of bankruptcy filing

The FTX liquidators said that shortly before filing for bankruptcy the exchange transferred assets totaling $7.7 billion from Bahamian to US units.

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ForkLog 13 20.02.2023

Galois Capital hedge fund closes after FTX collapse

The leadership of the cryptocurrency-focused hedge fund Galois Capital has decided to close the fund after events surrounding the FTX bitcoin exchange. The Financial Times reports.

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ForkLog 6 17.02.2023

FTX’s Bahamas arm merged its own and client funds

FTX Digital Markets, based in the Bahamas, effectively merged corporate and client funds, and kept 'limited' accounting records. This was stated by representatives of the liquidators of the subsidiary{{AOPEN_1}} bankrupt Bitcoin exchange{{ACLOSE_1}}.

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ForkLog 18 15.02.2023

FTX Investors sue Sequoia Capital, Thoma Bravo and Paradigm

A lawsuit has been filed against venture and private investment firms, including Sequoia Capital, Thoma Bravo and Paradigm, over the creation of legitimacy for the FTX exchange.

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