Celsius vs. FTX: $444M Lawsuit Escalates with New Appeal
TL;DR Celsius appealed a court decision that rejected its $444 million claim against FTX, part of its ongoing bankruptcy proceedings. The legal battle began in early
FTX Exchange (Latest Publications)
U.S. Government Moves $33.6M in Seized FTX Crypto—Where Did It Go?
TL;DR The U.S. government transferred $33.6 million in seized FTX crypto assets to two unidentified addresses, including 5,024 ether and $13.5 million in Binance USD. The
Three Arrows Capital Blames FTX for $1.53 Billion Loss, Citing Data and Trust Breach
TL;DR Three Arrows Capital (3AC) seeks to increase its claim against FTX from $120 million to $1.53 billion, alleging improper liquidation of assets. 3AC also filed
Binance and CZ Face $1.8 Billion FTX Lawsuit Over ‘Fraudulent Transfers’
TL;DR FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao (CZ), seeking to recover nearly $1.8 billion in alleged fraudulent transfers related
Former FTX Executives Who Testified in Sam Bankman-Fried Trial Sentenced Later This Year
TL;DR Sentencing hearings have been scheduled for Nishad Singh and Gary Wang, former FTX executives who testified against Sam Bankman-Fried. Bankman-Fried was sentenced to 25 years
Yield App Halts Services, Blames FTX Losses
TL;DR Yield App, a cryptocurrency investment platform, ceases its operations due to significant losses linked to FTX through third-party fund managers. Despite ensuring the safety of
BlockFi’s Closure Nears: Partners with Coinbase for Smooth Customer Withdrawals
TL;DR BlockFi is undergoing liquidation and restructuring after declaring bankruptcy in 2022 and has announced new measures. The strategic partnership with Coinbase will allow customers of
FTX’s New Proposal Aims for Over 100% Return on Bankruptcy Claims for Creditors
TL;DR FTX has just unveiled a reorganization plan following its bankruptcy filing in November 2022. The strategy promises recovery of over 100% for non-governmental creditors, yet
Breaking! Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud. Here the details!
TL;DR Sam Bankman-Fried, former CEO of FTX, sentenced to 25 years in prison for fraud. Judge Kaplan hands down a sentence based on seven felony counts,
Grayscale’s Bitcoin ETF Sees Massive $358M Outflows but Analyst Predicts End in Sight
TL;DR Fund outflows from Grayscale’s Bitcoin Trust (GBTC) have been significant, reaching nearly $359 million in a single day and $1.8 billion in a week. Eric
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