Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be held this week with an April 24 deadline. The result is slated to be announced the following day. The...
Disgraced entrepreneur Sam Bankman-Fried agreed to help FTX investors in their legal spat with the company’s celebrity endorsers, including Tom Brady, Shaquille O’Neal, Stephen Curry, and Shohei Ohtani, as well as supermodel Gisele Bundchen and actor Larry David. Bankman-Fried, who founded FTX in 2019 and caused its bankruptcy in 2022, has agreed to cooperate in the class action...
FTX Founder Sam Bankman-Fried requested permission to stay in a temporary detention facility in New York City. According to a document submitted to the U.S. District Court, Bankman-Fried’s legal representatives are seeking consent to allow him to stay at the Metropolitan Detention Center in Brooklyn. Since August 2023, Bankman-Fried has been held at this facility. His lawyers argue that...
SkyBridge Capital founder Anthony Scaramucci expects Bitcoin to reach at least $170,000 within the 18-month post-halving cycle. In the latest interview with CNBC, the former White House Communications Director expressed his optimism about the Bitcoin market. Scaramucci pointed out that Bitcoin ETFs reached over $10 billion in cumulative inflow within just three months, a feat that took Gold ETFs a year...
The FTX Customer Ad-Hoc Committee has over 1,400 signups and $700,000 in claims. The committee is also preparing to distribute more information to guide members through the bankruptcy plan vote. The additional information will include strategic advice and detailed instructions to assist claimants in making informed decisions and taking concerted action to protect their rights. The FTX...
As Sam Bankman-Fried was sentenced to 25 years in prison, meme coin enthusiasts placed their bets on a knock-off FTX meme coin humorously named Sam Baseman Fraud. On Thursday, Judge Lewis Kaplan sentenced the disgraced FTX founder to a total of 300 months in prison on several counts of fraud, money laundering, and attempted witness tampering. One developer saw the news as...
