Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware allow it to sell certain key trust fund assets valued at around $744 million. The proposed sale includes assets from crypto asset manager Grayscale Investments and custody service provider Bitwise. In a court filing on November 3, FTX debtors asked the court for permission […]
The Department of Justice asserts that the lack of tailored crypto regulation is irrelevant to pressing criminal charges against FTX founder Sam Bankman-Fried for alleged fraud and misappropriation. In a new court filing, the DOJ contends that the current legal framework sufficiently prohibits theft and misuse of customer assets, regardless of whether the victims are […]
Renowned biographer Michael Lewis has unveiled mismanagement allegations against crypto tycoon Sam Bankman-Fried, who is currently facing fraud charges. Lewis, known for chronicling Wall Street’s past misdeeds, exposed a series of financial discrepancies within Bankman-Fried’s empire, casting a shadow of doubt on the cryptocurrency industry. Sam Bankman-Fried’s Billion-Dollar Rounding Error The Department of Justice has […]