Federal Judge Lewis Kaplan has set a September 7 for former FTX CEO Sam Bankman-Fried to request a jury for his trial scheduled for October. During an August 30 hearing, Judge Kaplan reportedly queried Bankman-Fried's lawyers about potentially needing more time, to which they responded, "not at this time." ...
Bankrupt crypto exchange FTX has taken legal action to exclude its Dubai division from its ongoing bankruptcy proceedings in the United States. In the court documents filed on August 3, 2023, FTX claimed that its Dubai unit did not conduct any business in the United Arab Emirates (UAE) before the ...
Former FTX CEO, Sam Bankman-Fried, is now facing additional charges from the US Department of Justice (DoJ) over alleged involvement in leaking Caroline Ellison's private diary to The New York Times. The newspaper published an article on July 20, 2023, discussing the contents of Ellison's personal writings, which are expected ...
FTX Debtors, released their second investigative report on June 26, 2023, and it contains allegations of misappropriation of funds and extravagant spending on unrelated projects by former executives of the bankrupt company. The report focused on the misuse of client funds and shed light on charitable contributions made through the ...
Temasek Holdings, Singapore's sovereign wealth fund, has publicly announced a reduction in compensation for its senior management and the investment team responsible for recommending its ill-fated investment in the now-defunct FTX bitcoin exchange. In a departure from the norm among sovereign funds, Temasek has chosen to disclose these cuts in ...
FTX and its new management have initiated legal action against its former CEO, Sam Bankman-Fried, co-founder Zixiao Wang, and former senior employee Nishad Singh regarding the controversial $220 million acquisition of stock-clearing platform Embed. The lawsuit alleges that FTX acquired Embed through its American subsidiary without conducting adequate due diligence ...
Former FTX compliance chief, Daniel Friedberg, has agreed to collaborate with class action lawyers in a lawsuit against celebrities accused of promoting the bankrupt crypto exchange. According to an amended complaint filed in a Florida District Court on May 11, 2023, Friedberg has provided evidence that promotional activities for FTX ...
The Internal Revenue Service (IRS) in the United States has issued demands for back taxes from Alameda Research, FTX, and their affiliates, including West Realm Shires, Blockfolio, and Ledger Holdings. The total amount of the demands is a staggering $44 billion, spread across 45 separate claims. The IRS released a ...
On May 2, 2023, a Florida district court judge granted the Moskowitz Law Firm permission to tweet a legal notice to YouTuber Tom Nash, as all other attempts to contact him have been unsuccessful. The plaintiffs sent a legal notice to the YouTuber the same day through his Twitter account, ...
The Creditors of Celsius Network have claimed that some FTX users were involved in dubious transactions that might have influenced the price of the Celsius (CEL) token in 2022. On April 26, 2023, the creditors, represented by a committee, filed court documents requesting subpoenas to obtain information from FTX to ...
