FTX | ForkLog - Part 23

ForkLog 9 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.

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ForkLog 15 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.

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ForkLog 20 29.12.2022

Media reports Bankman-Fried prepared to plead guilty to fraud

Sam Bankman-Fried pleads guilty to charges of defrauding investors and misappropriating customer funds in connection with the collapse of the cryptocurrency exchange FTX. Reuters reports this.

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ForkLog 15 28.12.2022

Midas Investments closes after Celsius and FTX collapses

The custodial investment platform Midas Investments announced that it would cease operations due to liquidity shortages triggered by a string of adverse events in the industry.

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ForkLog 5 28.12.2022

FTX clients seek priority in recovering funds

A group of FTX clients filed a Delaware bankruptcy court case seeking priority in recovering their funds. The complaint dated December 27 is posted on Kroll's site.

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ForkLog 24 28.12.2022

Bankman-Fried disclosed Alameda loan of $546 million to buy Robinhood shares

FTX co-founders Sam Bankman-Fried (SBF) and Gary Wang borrowed $546.4 million from Alameda Research to buy a 7.6% stake in Robinhood. This was stated in court documents.

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ForkLog 16 28.12.2022

New judge appointed in Sam Bankman-Fried case

The criminal case of FTX founder Sam Bankman-Fried has been transferred to a new U.S. judge, Lewis Kaplan, after the former judge Ronnie Abrams recused herself.

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ForkLog 13 28.12.2022

Bloomberg reports that the U.S. Department of Justice has opened an investigation into withdrawals from FTX

The U.S. Department of Justice has opened a criminal investigation into withdrawals from the FTX cryptocurrency exchange, Bloomberg reports citing sources.

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ForkLog 26 27.12.2022

DeFi project Mercurial rebrands as Meteora to distance itself from FTX

Mercurial, a non-custodial exchange focused on stablecoins, has changed its name to Meteora in an attempt to distance itself from the collapsed FTX.

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ForkLog 18 24.12.2022

Caroline Ellison admits deliberate misrepresentation to Alameda creditors about the exchange’s loan amount

Former Alameda Research CEO Caroline Ellison told the court that, together with FTX founder Sam Bankman-Fried, she deliberately misled creditors about the amount of the loan provided to the firm by the exchange.

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ForkLog 7 23.12.2022

DeFi critic Dan Berkovitz to step down as SEC general counsel

SEC General Counsel Dan Berkovitz will step down on January 31, 2023, according to the agency's website.

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ForkLog 31 23.12.2022

FTX seeks court protection for $448 million Robinhood stake

The FTX exchange, which is in bankruptcy proceedings, has petitioned the court to protect a package of 56 million Robinhood Markets shares (worth about $448 million) from creditors.

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