SBF told to prep his case in jail while another FTX exec pleads guilty
Bankman-Fried must remain in jail after his $250 million bail was revoked last month amid claims that he had interfered with witnesses.
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Bankman-Fried must remain in jail after his $250 million bail was revoked last month amid claims that he had interfered with witnesses.
Major law firms Sullivan & Cromwell and Kirkland & Ellis made $110 million and $101 million in fees respectively from crypto firm implosions.
SBF is currently under house arrest but he's allowed to venture outside to meet with his attorney or the authorities.
One of FTX's general counsels was involved in an attempted acquisition of TrueUSD by Tron and Justin Sun, according to a lawsuit.
While the civil charges brought by the SEC against Binance and FTX are unique to each business, there are still some striking similarities.
Abra has supposedly directed investors to open accounts at Prime Trust, despite the firm lacking a money transmission license in Texas.
FTX wants to claw back $2B given to GGC by SBF's Alameda Research and more than $1.62B that was withdrawn from FTX before it went bust.
A Secret Service crypto expert claims that doxxing FTX clients with large crypto holdings would be like “placing a target on their back."
An alarming report produced as part of FTX's ongoing bankruptcy describes failures in cybersecurity, internal controls, and asset management.
The deal avoids a lengthy legal battle with Modulo and gets around the fact that SBF won't be available due to ongoing criminal proceedings.