Bankrupt Crypto Exchange FTX Slams Three Arrows Capital’s $1.53B Claim: “3AC Is Owed Nothing”
The $1.53 billion 3AC’s liquidators say the defunct hedge fund is owed is a steep increase from their initial claim for $120 million.
FTX
Shaquille O’Neal to Pay $1.8M in Settlement Over FTX Promotion Lawsuit
Investors in the lawsuit alleged that he misled them by appearing in ads for the exchange.
FTX Repayments May Have Positive Market Impact: Coinbase
Creditor payments via BitGo and Kraken are expected within three business days amid shifting market conditions.
FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle
Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.
FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years
Bankman-Fried is currently in the Metropolitan Detention Center, serving a 25-year prison sentence.
Former FTX CTO Gary Wang Won’t Have to Serve Prison Time, Judge Rules
Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.
Former FTX CTO Gary Wang Asks Court for No Jail Time
Gary Wang, the former chief technology officer at FTX and a one-time member of former CEO and convicted fraudster Sam Bankman-Fried’s inner circle, has requested that he serve no prison time for his role in the crypto exchange’s 2022 implosion.
FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse
Singh is the fourth FTX executive to be sentenced for his role in the fraud.
Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when considering his sentence.
Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an ‘Uncommonly Selfless Individual’
Lawyers say that his early cooperation was critical to bringing cases against Sam Bankman-Fried and Ryan Salame.