Auto Added by WPeMatico

Ex-Alameda exec Trabucco gives up yacht, apartments in FTX settlement

Sam Trabucco left Alameda Research months before the FTX collapse and kept his head down — probably on his yacht Soak My Deck.

Continue ReadingEx-Alameda exec Trabucco gives up yacht, apartments in FTX settlement

New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing

A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing.…

Continue ReadingNew Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing

FTX Customers File Class Action to Claim Assets Within Bankruptcy Case

A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the…

Continue ReadingFTX Customers File Class Action to Claim Assets Within Bankruptcy Case

Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing

According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame…

Continue ReadingCourt Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing

Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’

On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that…

Continue ReadingBankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’

FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated

According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was…

Continue ReadingFTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated