New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+
and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto banking that has eve...
US v. SBF: accounting professor Peter Easton testifies that FTX used “over a billion dollars” of customer funds to buy back Binance's FTX stake, bought in 2019
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX's FTT tokens.
US v. SBF: Caroline Ellison says SBF asked her to make false balance sheets to hide debt, he considered offering FTX shares to the Saudi crown prince, and more
Caroline testified that SBF ordered her to use FTX customer funds to cover up for Alameda's losses — and to lie to lenders about it. She was in a “constant state of dread” about the looming liquidity...
Court filings: FTX Group details a draft plan to repay creditors, including settling claims in USD and wiping out FTT; seven classes of creditors can now vote
- Customer claims to be valued in US dollars as of bankruptcy — Company hasn't ruled out rebooting offshore exchange
The SEC's complaint against Caroline Ellison and Gary Wang classifies FTX's FTT token as a security since it was “offered and sold as an investment contract”
In his NYT interview, SBF gave few straight answers while admitting to gross errors, denying claims of fraud, and claiming he “didn't knowingly commingle funds”
You hold customers' funds and don't do ANYTHING with them except hold them. When your customers ask for them back you give it to them - immediately. https://twitter.com/... @cmsintern : Intern notes f...
As FTX collapsed, mainstream news organizations often failed to give a straightforward assessment of exactly what happened and potential crimes involved
and the media cover-up. (via @EllisItems) “[W]hat happened at the FTX crypto exchange ...[was] a conscious and intentional fraud intended to steal money from both users and investors.” https://www.coi...
In a hearing with UK lawmakers, a Binance executive says the exchange will submit evidence on discussions about the FTX deal, selling the FTT token, and more
very tense moment daniel trinder, VP of gov affairs, says he'll be providing MPs with Binance's correspondence on the FTT sale tomorrow Emily Nicolle / @emilyjnicolle : now on web: Binance is to submi...
Memo: Binance CEO Changpeng Zhao says FTX's near collapse “severely” shook confidence in the crypto industry, offers some deal details, and halts FTT sales
Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’ — The near collapse of FTX has …
FTX CEO Sam Bankman-Fried says “FTX is fine” as Binance begins selling FTX's FTT token; an Alameda balance sheet leaked on November 2 showed $8B in liabilities
- FTX CEO Sam Bankman-Fried insisted his crypto exchange is “fine” after rival Binance announced it would start selling its holdings of FTX's FTT token.