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Sam Bankman-Fried Urges Lenient Sentence, Citing FTX Fund Recovery
Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
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Ex-New York Mayor Rudy Giuliani Files For Bankruptcy
Rudy Giuliani, Donald Trump's former personal lawyer, filed for bankruptcy on Thursday, just days after being ordered to pay $148 million in damages for defaming two Georgia poll workers.
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FTX’s Sam Bankman-Fried Denies Allegations of Witness Tampering, Accepts Gag Order
Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors' claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case.
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FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
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FTX Tells US Bankruptcy Court It Has Recovered $5 Billion in Assets After Collapse
FTX told a US bankruptcy court that the exchange has recovered $5 billion (roughly Rs. 40,780 crore) in assets as part of the crypto exchange's efforts to salvage funds after it collapsed last year. The funds are in the form of cash, liquid cryptocurrency, and liquid investments securities, according to the company.
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Sam Bankman-Fried Said to Agree to US Extradition Hours After Informing Judge He Wasn't Ready to Consent
Sam Bankman-Fried, former CEO of the collapsed crypto exchange FTX, is said to have agreed to be extradited to the US where he will face charges of fraud. Earlier on Monday, Bankman-Fried's lawyer told Magistrate Shaka Serville that he was not ready to consent to US extradition to face charges in New York. The magistrate stated that he could not ta...
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Ex-Tennis Star Boris Becker Leaves For Germany After Release From UK Jail
Disgraced former tennis superstar Boris Becker was flying to Germany on Thursday after his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said.
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Genesis Crypto Brokerage Working to Avoid Bankruptcy Filing, Resolve Lending Business Issues
Genesis, the US crypto brokerage said on Tuesday that it was working to resolve the "current situation in the lending business" without the need for bankruptcy filing, after a report that the firm's creditors were organising with restructuring lawyers in an attempt to stop the brokerage from meeting the same fate as FTX, the crypto exchange that co...
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FTX Bankruptcy Hearing: Sam Bankman-Fried Ran Crypto Firm as 'Personal Fiefdom', Assets Missing, Attorneys Say
FTX CEO Sam Bankman-Fried ran the crypto firm as a "personal fiefdom", argued attorneys for the collapsed crypto exchange said in its first bankruptcy hearing on Tuesday. The firm's lawyers said that the company now intends to sell off healthy business units, but has been the subject of cyberattacks and had "substantial" assets missing.
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Bankrupt Celsius Likely to Reopen Withdrawals for Custody Account Holders, Files for Legal Permission
Celsius is looking to open withdrawal services for those users who held custody accounts on its platform. As per Celsius’ filing with the Bankruptcy Court for the Southern District of New York, around 58,300 users held ‘custody assets’ worth about $210 million (roughly Rs. 1,670 crore) on the Celsius platform as of August 29.
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Voyager Digital Rejects FTX, Alameda Research's Buyout Offer Calling It 'Low-Ball'
Struggling crypto lender Voyager Digital rejected FTX’s offer to buy all its assets and refund customers in a July 24 letter due to it being a “low-ball” offer that may "hurt customers." FTX CEO Sam Bankman-Fried has meanwhile responded to this on Twitter.
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Celsius Users May Have Signed Away Rights to Their Crypto Assets, Lawyers Cite ‘Terms of Service’
As per lawyers representing Celsius, many of the 1.7 million registered Celsius users from over 100 nations have already transferred the title of their assets to the crypto lending firm, that is now free to use, sell, pledge, and rehypothecate them according to its requirements. The development comes in the backdrop of the ongoing probe in Celsius...
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Celsius Onboards New Legal Team to Assist on Its Restructuring, Days After Firing 25 Percent Staff
Celsius Network, the US-based crypto lender is currently struggling to cope with the ongoing slump in the global crypto arena. The company has hired a new legal team from the Kirkland & Ellis LLP law firm to help it come out of its corporate malfunctioning. The newly appointed team of lawyers will advise the Celsius team on various options, which m...
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Johnson And Johnson Sees New Allegations In Baby Powder Case
A lawyer for claimants suing Johnson & Johnson over its baby powder wants a bankruptcy judge to force the pharma giant to produce requested information, saying it's hindering efforts to investigate the case.
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Vijay Mallya Applies For "Another Route" To Stay In UK, Says Lawyer
Fugitive billionaire Vijay Mallya has applied to UK Home Secretary Priti Patel for "another route" to be able to stay in the UK, the liquor tycoon's barrister representing him in bankruptcy proceedings in the High Court of London confirmed during a remote hearing on Friday.
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Sam Bankman-Fried Urges Lenient Sentence, Citing FTX Fund Recovery
Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
-
Ex-New York Mayor Rudy Giuliani Files For Bankruptcy
Rudy Giuliani, Donald Trump's former personal lawyer, filed for bankruptcy on Thursday, just days after being ordered to pay $148 million in damages for defaming two Georgia poll workers.
-
FTX’s Sam Bankman-Fried Denies Allegations of Witness Tampering, Accepts Gag Order
Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors' claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case.
-
FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
-
FTX Tells US Bankruptcy Court It Has Recovered $5 Billion in Assets After Collapse
FTX told a US bankruptcy court that the exchange has recovered $5 billion (roughly Rs. 40,780 crore) in assets as part of the crypto exchange's efforts to salvage funds after it collapsed last year. The funds are in the form of cash, liquid cryptocurrency, and liquid investments securities, according to the company.
-
Sam Bankman-Fried Said to Agree to US Extradition Hours After Informing Judge He Wasn't Ready to Consent
Sam Bankman-Fried, former CEO of the collapsed crypto exchange FTX, is said to have agreed to be extradited to the US where he will face charges of fraud. Earlier on Monday, Bankman-Fried's lawyer told Magistrate Shaka Serville that he was not ready to consent to US extradition to face charges in New York. The magistrate stated that he could not ta...
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Ex-Tennis Star Boris Becker Leaves For Germany After Release From UK Jail
Disgraced former tennis superstar Boris Becker was flying to Germany on Thursday after his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said.
-
Genesis Crypto Brokerage Working to Avoid Bankruptcy Filing, Resolve Lending Business Issues
Genesis, the US crypto brokerage said on Tuesday that it was working to resolve the "current situation in the lending business" without the need for bankruptcy filing, after a report that the firm's creditors were organising with restructuring lawyers in an attempt to stop the brokerage from meeting the same fate as FTX, the crypto exchange that co...
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FTX Bankruptcy Hearing: Sam Bankman-Fried Ran Crypto Firm as 'Personal Fiefdom', Assets Missing, Attorneys Say
FTX CEO Sam Bankman-Fried ran the crypto firm as a "personal fiefdom", argued attorneys for the collapsed crypto exchange said in its first bankruptcy hearing on Tuesday. The firm's lawyers said that the company now intends to sell off healthy business units, but has been the subject of cyberattacks and had "substantial" assets missing.
-
Bankrupt Celsius Likely to Reopen Withdrawals for Custody Account Holders, Files for Legal Permission
Celsius is looking to open withdrawal services for those users who held custody accounts on its platform. As per Celsius’ filing with the Bankruptcy Court for the Southern District of New York, around 58,300 users held ‘custody assets’ worth about $210 million (roughly Rs. 1,670 crore) on the Celsius platform as of August 29.
-
Voyager Digital Rejects FTX, Alameda Research's Buyout Offer Calling It 'Low-Ball'
Struggling crypto lender Voyager Digital rejected FTX’s offer to buy all its assets and refund customers in a July 24 letter due to it being a “low-ball” offer that may "hurt customers." FTX CEO Sam Bankman-Fried has meanwhile responded to this on Twitter.
-
Celsius Users May Have Signed Away Rights to Their Crypto Assets, Lawyers Cite ‘Terms of Service’
As per lawyers representing Celsius, many of the 1.7 million registered Celsius users from over 100 nations have already transferred the title of their assets to the crypto lending firm, that is now free to use, sell, pledge, and rehypothecate them according to its requirements. The development comes in the backdrop of the ongoing probe in Celsius...
-
Celsius Onboards New Legal Team to Assist on Its Restructuring, Days After Firing 25 Percent Staff
Celsius Network, the US-based crypto lender is currently struggling to cope with the ongoing slump in the global crypto arena. The company has hired a new legal team from the Kirkland & Ellis LLP law firm to help it come out of its corporate malfunctioning. The newly appointed team of lawyers will advise the Celsius team on various options, which m...
-
Johnson And Johnson Sees New Allegations In Baby Powder Case
A lawyer for claimants suing Johnson & Johnson over its baby powder wants a bankruptcy judge to force the pharma giant to produce requested information, saying it's hindering efforts to investigate the case.
-
Vijay Mallya Applies For "Another Route" To Stay In UK, Says Lawyer
Fugitive billionaire Vijay Mallya has applied to UK Home Secretary Priti Patel for "another route" to be able to stay in the UK, the liquor tycoon's barrister representing him in bankruptcy proceedings in the High Court of London confirmed during a remote hearing on Friday.
