The criminal trial of former FTX CEO Sam Bankman-Fried (SBF) is now underway in New York, and his legal team is taking measures to prevent testimony from users and investors of the cryptocurrency exchange.
A class-action lawsuit against Binance and its CEO Changpeng Zhao for alleged market manipulation that jeopardized FTX's financial viability is pending.
The presiding judge has ruled that Sam Bankman-Fried, also known as SBF, is not allowed to place blame on the legal counsel of his company, FTX, during his opening statements.
According to the SEC, Prager Metis, an accounting company hired by the defunct cryptocurrency exchange FTX in 2021, violated auditor independence hundreds of times.
Given his young age and likely prison sentence, the federal court supervising Sam Bankman-Fried's fraud case reportedly said the former FTX CEO might be a flight risk.
According to reports, following FTX's bankruptcy in November of last year, rival U.S.-based exchange Coinbase thought about purchasing the failing company's European division.
According to a recent order, FTX can now sell up to $200 million in assets per week. The exchange's largest digital assets were Solana, Bitcoin, and Ethereum.
FTX, a cryptocurrency exchange, has adjusted its plan to sell billions in crypto assets in an effort to address concerns raised by the U.S. Trustee, a branch of the Department of Justice, according to a
FTX had filed a petition with the United States Bankruptcy Court for the District of Delaware, requesting authorization to sell, stake, and hedge its crypto holdings in order to repay creditors.
The FTX estate, which is currently in charge of the bankruptcy and restructuring of the once-active crypto exchange, has $1.16 billion in Solana (SOL) and $560 million in Bitcoin (BTC).
$400,000,000 worth of Shaquille O'Neal is under scrutiny as FTX is investigating the possibility of reclaiming millions of dollars from the Lakers' legendary figure.