Creditors due $12.7B from FTX and Alameda 21 months after bankruptcy
FTX and Alameda both agreed in July to pay creditors. However, this agreement was subject to yesterday's court verdict.
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FTX and Alameda both agreed in July to pay creditors. However, this agreement was subject to yesterday's court verdict.
Sam Trabucco has resurfaced to write a three-page, single-space letter defending his 'best friend' Ryan Salame.
FTX wants $5 million back from a former hotel that hosts conferences with links to effective altruists and eugenicists.
Despite his guilty pleas, Ryan Salame is begging to be interviewed, giving political commentary, and says he’s ready to release a memoir.
Sam Trabucco, one of the only FTX executives not criminally charged, wrote a character reference letter for his best friend, Ryan Salame.
Bankman-Fried's sentence comes after he was found guilty of wire fraud, conspiracy to commit fraud, and money laundering conspiracy.
A report claims that debtors-in-possession of FTX and Alameda Research have sold all its GBTC in the ongoing bankruptcy.
An alarming report produced as part of FTX's ongoing bankruptcy describes failures in cybersecurity, internal controls, and asset management.
FTX court filings reveal exec payouts weren't too generous for Alameda Research co-CEO Ellison, and far less than co-CEO Sam Trabucco.
Sam Bankman-Fried relied on a number of trading desks beside Alameda Research to keep his empire functioning.