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Bad news for Bankman-Fried as Ellison and Wang plead guilty

Bankman-Fried has landed in the US as members of his inner circle, Caroline Ellison and Gary Wang, plead guilty to an array of fraud charges.

Chelsea FC owner first in line for $350M payout if Genesis goes under

If Genesis fails, $350 million of the $600 million owed to Todd Boehly’s Eldridge would become due, according to the terms of the loan.

Bankman-Fried will face criminal charges stateside. Meanwhile, FTX demands that third parties return funds given before its collapse.

It’s currently unclear what amount of FTX customer funds remains with its banking partner Cuscal, Omipay, or Monix.

Crypto bigwigs have joined the ranks of FTX influencers in recent years. Now, many are backtracking on their endorsements as some get sued.