Bitcoin News / Bitcoinist - 2 months ago
After being found guilty of fraud and conspiracy in November, former CEO of the now-defunct crypto exchange FTX, Sam Bankman-Fried, has appealed seeking a fresh trial.
His legal team contends that Lewis Kaplan, the presiding judge, was biased and th...
Cryptocoins News / Finance Magnates - 2 months ago
Sam Bankman-Fried, the former crypto billionaire who was convicted of fraud and sentenced to 25 years in prison, has formally appealed his conviction and requested a new trial. In the 102-page appeal, the legal representatives of the FTX founder accu...
Bitcoin News / Bitcoin.com - 2 months ago
Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different judg...
Bitcoin News / Bitcoinist - 2 months ago
In a dramatic hearing on Thursday, a federal judge expressed his anger at former FTX executive Ryan Salame, threatening sanctions for what he described as false testimony during Salame’s guilty plea last year.
According to CNBC, the proceedings occu...
More / Bitcoin Reddit - 2 months ago
We all remember Mt. Gox and the FUD that those repayments would create tons of selling pressure which never really materialized, or wasn't as substantial as some people were predicting. But now we have another round of re-payments from a defunct...
Bitcoin News / Bitcoin.com - 2 months ago
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not e...
Bitcoin News / Bitcoin.com - 2 months ago
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transaction...
Bitcoin News / Bitcoinist - 2 months ago
The United States Securities and Exchange Commission (SEC) has expressed reservations regarding the repayment strategy proposed by the bankrupt crypto exchange FTX, indicating potential legal challenges if the plan involves the distribution of stable...
Cryptocoins News / Finance Magnates - 2 months ago
The Securities and Exchange Commission (SEC) has taken an interest in the restructuring plan of the now-collapsed FTX and revealed its intentions to challenge the crypto exchange’s payment plan to its creditors if they were paid in stablecoins.“The S...
Cryptocoins News / Finance Magnates - 2 months ago
Ryan Salame, FTX's former executive serving a 7.5-year
sentence, has retracted his legal motion to compel the government to honor his
plea deal. The decision comes as his long-time partner, Michelle Bond, now
faces federal charges, prompting a strate...
Bitcoin News / Bitcoinist - 3 months ago
FTX, a once-celebrated cryptocurrency exchange that eventually went bankrupt, announced in a recent press release that its amended reorganization plan has received “strong” preliminary support from its creditors.
In the release, the compa...
Bitcoin News / Bitcoinist - 3 months ago
In the ongoing legal saga involving key figures of the defunct crypto exchange FTX, Ryan Salame, a former executive at the exchange, has filed a motion to challenge his current plea agreement with US authorities.
Prosecutors Alleged Breach Of Agreeme...
Bitcoin News / Bitcoinist - 3 months ago
In the latest development in the ongoing FTX saga, federal prosecutors have charged Michelle Bond, the domestic partner of former FTX executive Ryan Salame, with violating campaign finance laws. This comes just a day after Salame made a last-ditch ef...