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FTX has decided to sell FTX Europe back to its original owners for a sum of $33 million, significantly less than it purchased it for.
Sam Bankman-Fried, the FTX founder, agreed to conflict-free legal representation with lawyers Marc Mukasey and Torrey Young.
FTX along with its sister trading firm, Alameda Research, have been accused of trying to sell Tether (USDT) for profit.
Former SEC official John Reed Stark sarcastically said that each member of the FTX legal team can now afford a beach house.
The AI firm is currently valued at $18 billion, which brings the total value of shares held by the FTX estate to $1.4 billion.
The exchange's restructuring plans are not focused on creating an FTX “reboot” but rather on repaying the creditors in full.
Sam Bankman-Fried, the founder and former CEO of FTX Derivatives Exchange has been found guilty of all 7 fraud charges he's accused of
Sam Bankman-Fried, also known as SBF, taking the stand in his criminal trial is a "very bad move," says Anthony Scaramucci.
FTX founder SBF had a meeting with New York State Governor Kathy Hochul on September 16 and also sought to meet Bill Clinton.
Former FTX exec Nishad Singh is facing a maximum prison time of 75 years due to charges related to defrauding users of the exchange.
"No healthy business can be destroyed by a tweet," said Binance CEO Changpeng Zhao in response to the testimony by Caroline Ellison.
When Alameda Research traded on FTX, the primary beneficiaries of the profits were Sam Bankman-Fried and Gary Wang, revealed Adam Yedidia.
The SEC accused Prager Metis of conducting auditing services for FTX while failing to uphold the required independence.
Judge Lewis Kaplan has ruled that prosecutors will be permitted to present the details of FTX founder's political donations as evidence.
Former lawyers of FTX and celebrity lawyers have filed a motion to dismiss class action lawsuits filed by the exchange's investors
Sam Bankman-Fried, the former CEO of FTX Derivatives Exchange is planning to blame his former partner for the firm's collapse