FTX | ForkLog - Part 22

ForkLog 6 13.01.2023

Court authorises FTX to begin selling LedgerX and other units

FTX may begin a search for buyers for its business units to raise liquidity for creditor settlements. This was stated by the bankruptcy judge in the context of the restructuring of the bitcoin exchange.

AI translated

ForkLog 9 12.01.2023

FTX Group regains access to over $5 billion in liquid assets

Advisers to the FTX Group in bankruptcy proceedings have regained access to assets totaling more than $5 billion, which can be used to pay affected creditors. Bloomberg Law reports citing the group's attorney Andrew Dittderikha.

AI translated

ForkLog 11 10.01.2023

FTX subsidiaries attract 117 potential buyers

About 117 potential buyers are interested in acquiring the FTX bitcoin exchange's subsidiaries that are undergoing bankruptcy proceedings, according to court documents.

AI translated

ForkLog 22 09.01.2023

U.S. authorities seize Robinhood shares in Bankman-Fried case

The U.S. Department of Justice seized 55,273,469 Robinhood shares as part of the case against FTX founder Sam Bankman-Fried.

AI translated

ForkLog 8 09.01.2023

Former FTX leadership accused of $40m spending on luxury hotels and meals

Nine months before the collapse of the FTX cryptocurrency exchange, its top management spent $40 million on hotels, air travel and meals. This is reported citing court documents by Business Insider.

AI translated

ForkLog 12 04.01.2023

Sam Bankman-Fried refuses to plead guilty; trial set for October

The founder of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), refused to plead guilty to eight counts. According to Bloomberg.

AI translated

ForkLog 15 31.12.2022

Sam Bankman-Fried denies involvement in transfers from Alameda Research wallets

The founder of the failed cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), denied involvement in moving assets from wallets linked to Alameda Research.

AI translated

ForkLog 11 30.12.2022

Sam Bankman-Fried accused of cashing out $684,000 in cryptocurrency while under house arrest

Former FTX CEO Sam Bankman-Fried cashed out $684,000 in cryptocurrencies, potentially violating the terms of his bail release. This was stated by a DeFi analyst using the pseudonym BowTiedIguana.

AI translated

ForkLog 9 30.12.2022

FTX Japan reveals details of plan to return client funds

The Bitcoin exchange FTX Japan (Liquid) has presented a plan to return client funds.

AI translated

ForkLog 14 30.12.2022

Bahamas regulator values blocked FTX assets at $3.5 billion

The Bahamas Securities Commission (SCB) took custody of the local FTX unit's deposits for safety reasons. As of November 12, the digital assets were worth more than $3.5 billion, the regulator said.

AI translated

ForkLog 8 30.12.2022

Bloomberg: Bankman-Fried Met White House Aides Ahead of FTX Collapse

The founder of the now-defunct FTX, Sam Bankman-Fried (SBF), met with senior White House officials at least four times over the course of a year.

AI translated

ForkLog 13 29.12.2022

FTX Ventures used $200 million of customer funds to back Mysten Labs and Dave

The venture arm of the cryptocurrency exchange FTX used $200 million of customer funds to participate in financing rounds for two projects — Mysten Labs and Dave.

AI translated

#FTX