Tag Archives: FTX Exchange

Cohen & Gresser – an international law firm representing the former CEO of FTX Sam Bankman-Fried (SBF) – maintained that he did not attempt to intimidate Caroline Ellison (ex-leader of Alameda Research) or taint the jury’s sentiment when talking to a New York Times reporter. The 31-year-old, who faces several fraud charges and is accused of being the main culprit behind the collapse of the once-leading crypto exchange, shared quoted excerpts of Ellison’s private diary,...

Lawyers representing FTX’s creditors said they weren’t filled in on a recently proposed plan to revive the company’s international exchange, according to a Monday night filing.  Creditors claimed that the proposed restructuring plan is a mere “idea” with no formal talks having taken place to actually put it into action.  No Contact With Creditors? The claimants’ statement accused FTX’s lawyers of breaking their promise to provide a public roadmap for the bankruptcy...

The U.S. Department of Justice (DOJ) has requested that the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, be revoked and that the court impose a detention order against him due to his attempts to tamper with witnesses. According to a letter submitted to Judge Lewis Kaplan of the U.S. Court for the Southern District of New York, SBF’s attempts to tamper with witnesses in his fraud case would interfere with the...

FTX and Genesis have come to an agreement in principle to settle claims made by both parties in their ongoing legal brawl. Both bankrupt firms had previously claimed that the other party owed money. However, the legal counsel representing both wrote to bankruptcy Judge Sean Lane stating that they had agreed to a settlement. The exact settlement details remain undisclosed. The letter filed by their representatives at the United States Bankruptcy Court for the Southern District...

Caroline Ellison – former CEO of the fallen crypto trading desk Alameda Research – felt “unhappy and overwhelmed” with her job, and strongly doubted that she was well suited to the role, according to newly leaked excerpts from her online diary. The excerpts shed light on many of her inner thoughts heading preceding FTX’s demise, including her troubled relationship with Sam Bankman-Fried (SBF). Boyfriend Pressure and Imposter Syndrome As reported by The New York Times on...

Major venture capital firm Sequoia Capital has seen the departure of five key partners, including two investors who were involved in the company’s failed investment in Sam Bankman-Fried’s bankrupt crypto exchange, FTX. While Sequoia claimed that the collapse of FTX had no significant impact on the firm, the VC was accused of promoting FTX. Sequoia Reports Departure of Five Investors Sequoia Capital, which recently revealed its decision to split into three independent...

While FTX and SBF, respectively, continue to appear in court, former executives of the defunct crypto trading group have started to pop up elsewhere. Amy Wu, who was previously an executive at FTX Ventures, has since joined Menlo Ventures, a mainstay of Silicon Valley’s venture capital ecosystem. Brett Harrison, who led FTX US before resigning two months prior to the collapse, is banking on the AI hype train and has since founded a startup that plans to build a trading...

Lawyers representing Sam Bankman-Fried (SBF) requested Judge Lewis Kaplan to issue an order permitting certain people to visit their client without the necessity of security checks. Despite being allowed to reside at his parents’ house, the former CEO of FTX is subject to strict restrictions. He must wear an electronic monitoring bracelet, while a security guard must be present should he invite guests. SBF’s Wish Bankman-Fried’s attorneys sent an official letter to New York...

US prosecutors have reportedly targeted Ryan Salame – ex-CEO of FTX’s Bahamian subsidiary – over a possible breach of the law when donating funds to his then-girlfriend’s political campaign in 2022.  Previous sources have informed that Michelle Bond (the woman in question) has received at least $400,000 in consulting fees from FTX Digital Markets – the entity that Salame ran. According to The New York Times, the American personally donated $1.5 million to the GMI super PAC (a...

According to US Bankruptcy Judge Sean Lane, Genesis, whose repayment plan was pending approval, will first have to resolve its outstanding issues with FTX. The announcement came mere hours after Cameron Winklevoss’ ultimatum to DCG CEO Barry Silbert expired, meaning yet another lawsuit against Genesis’ parent company is also on the horizon. A response to said ultimatum, which would have forced DCG to stick to a repayment plan, may now be out of DCG’s control to begin with....