Tag Archives: ftx

Defendant Ben Armstrong denied the allegations and stated that he had never been in contact with anyone at FTX. A group of social media influencers has been named in a new lawsuit alleging they promoted collapsed crypto exchange FTX to their millions of followers without proper disclosure. According to the suit, filed on Wednesday, the influencers failed to disclose the nature of any, rewards, payments, or compensation realized from promoting the crypto exchange. The influencers named in...

When the financial woes of FTX also lead to the exchange’s bankruptcy, the deal could not proceed, pitching Binance.US as the next major favorite to bail out the company. Judge Michael Wiles, the presiding Judge over the Binance.US and Voyager Digital acquisition case with the United States Securities and Exchange Commission (SEC) has reaffirmed his order for the deal to proceed. The Judge canceled the petition from the SEC to halt the proposed sale of the bankrupt crypto brokerage...

FTX made the transfers to SBF and others via the former CEO’s trading firm Alameda Research.  According to the new management of bankrupted crypto exchange FTX, $2.2 billion was transferred to SBF via various entities. In a press release, the company revealed that more than $3.2 billion was sent to Sam Bankman-Fried and other major employees according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed on March 15. FTX Transfers Over $3B to SBF and Other Key...

Digital Surge – a crypto exchange in Australia – is getting a big pat on the back today after avoiding liquidation and enforcing a last-minute plan to keep itself open. Stakeholders of the company signed a recovery plan in mid-February which allowed the company to remain online. The exchange endured a short period of non-trading, though services resumed just a week after the deal went through. Digital Surge Is Its Own Superman Things were coming up on the final seconds...

Elizabeth Warren – the “democrap” senator of Massachusetts – is, once again, sounding the alarm on the digital currency arena. She is allegedly concerned about the fall of FTX and the mishandling of funds by Sam Bankman-Fried, and believes that the space exhibits vulnerability like it never has before. Elizabeth Warren Is Again Going After Crypto Because of this, she is working to allegedly create a new bipartisan committee that will look at the problems surrounding the...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Prosecutors in the case against both Sam Bankman-Fried and his now defunct crypto company FTX are asking the judge overlooking things to allow them access to a virtual private network (VPN) that SBF used to garner access to the internet. They are unsure of what his activities were, and they believe that new bail conditions now need to be set for the former crypto executive. Sam Bankman-Fried Used a Private Network for Internet Access Danielle Sassoon – a prosecutor in...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

In 2023, the Super Bowl had two football teams pitted against each other and a halftime show that ultimately caused controversy with some while really hitting chords with others. However, something was missing… Do you all know what it was? Here’s a hint. It involved television, advertisements, and digital currency… This Year’s Super Bowl Featured No BTC Commercials For those that watched this year’s Super Bowl, you likely noticed that no crypto-centered commercials...

Prosecutors and former FTX founder and chief executive Sam Bankman-Fried have reached a deal regarding his future contact with past and current employees of the now defunct exchange. Sam Bankman-Fried Must Follow Strict Communication Rules A letter from defense lawyer Mark Cohen details how Sam Bankman-Fried can and can’t communicate with others as he awaits his October trial at his parents’ home. Granted the judge gives the final seal of approval on the communication...