🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a bid to expedite the recovery process for FTX and its stakeholders, Sam Trabucco, the former co-CEO of Alameda Research, has made a pivotal decision. In a recent filing, he has agreed to forfeit assets worth millions. This decision marks a key moment in the ongoing FTX bankruptcy…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a recent development, FTX’s legal team has filed a major lawsuit against Binance and its co-founder, Changpeng ‘CZ’ Zhao, for alleged fraud. The lawsuit centers around a $1.76 billion buyback deal that FTX claimed was deceptive and harmful to the exchange. According to the filing, Binance engaged in…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Nishad Singh, a former executive at the now-defunct FTX Derivative Exchange, stands at a crossroads as government prosecutors advocate for leniency in his sentencing. They argue that Singh’s substantial assistance was vital in peeling back the layers of the FTX scandal. The prosecutors urged the sentencing judge to consider…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Former FTX Digital Markets co-CEO Ryan Salame has officially started serving his seven-and-a-half-year prison sentence. Once a key figure at FTX, he now resides in FCI Cumberland, Maryland, a medium-security federal prison. According to the Federal Bureau of Prisons, Salame entered the facility on Saturday morning. In the days…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The FTX estate is preparing to auction 22.3 million locked Worldcoin (WLD) tokens, valued at around $37.7 million. The sale offered potential buyers a significant discount, ranging from 40% to 75%. This steep discount is far off the digital asset’s current price of $1.60. The auction is part of…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Michelle Bond, the partner of former FTX executive co-CEO Ryan Salame, has pleaded not guilty to four counts of campaign finance violations. The hearing was held on September 17th in a US Federal Court. Bond, a cryptocurrency advocate, and former Senatorial Candidate, is reportedly linked to an alleged scheme…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Following the FTX reorganization plan amendment, several complaints have surfaced, with some objections. These concerns came from Andrew R. Vara, the U.S. Trustee overseeing the case, and a group of creditors. They detailed their grievances in the recent documents filed in the FTX bankruptcy proceedings. Markedly, the FTX estate…