SEC Fines Prager Metis $1.95M Over Negligent FTX Audits
The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto…
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Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison Sentence
Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her…
Former Alameda Research CEO Caroline Ellison’s Attorneys Seek Leniency Ahead of Sentencing
According to a late Tuesday filing from her lawyers, Caroline Ellison, the former CEO of Alameda Research, should be sentenced to time served and supervised release. The request comes ahead…
US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery
A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director…
New York Judge Approves $12.7 Billion Settlement for FTX and Alameda to Repay Creditors
United States District Judge Peter Castel has finalized a $12.7 billion settlement, obligating the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research to compensate the former’s creditors. This…
This Crypto Miner Backed By SBF’s Alameda Research is Exploring IPO in US
Crypto mining firm Genesis Digital Assets – backed by Sam Bankman-Fried’s fallen hedge fund, is reportedly mulling over an initial public offering (IPO) in the US as the crypto sector…
Former FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
Former FTX co-CEO Ryan Salame was sentenced yesterday to 90 months in prison, according to Damian Lewis, the United States Attorney for the Southern District of New York. Salame previously…
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by…
FTX CEO Disputes Sam Bankman-Fried’s Claims of Solvency and No Harm to Creditors
John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the…
Pantera Capital Eyes $250 Million Opportunity with FTX Estate for SOL: Report
Pantera Capital is reportedly in the process of securing funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is raising capital…