FTX | ForkLog - Part 23

ForkLog 14 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 12 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 22 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 12 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 10 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 24 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 8 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 27 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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ForkLog 9 23.12.2022

Court grants $250m bail for Sam Bankman-Fried

The Southern District of New York court set bail at $250 million for former FTX CEO Sam Bankman-Fried. He was released into his parents' custody.

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ForkLog 6 22.12.2022

Bloomberg: FTX’s 94% stake in Blockfolio financed with FTT tokens

FTX's purchase of a controlling stake in Blockfolio in 2020 was 94% financed with FTT utility tokens. Bloomberg reports.

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