FTX sues Binance and Zhao to recover $1.8B, claiming a 2021 deal was based on fraud. Binance’s 2021 clawback with FTX lacked stability, says FTX in an ongoing bankruptcy lawsuit. Zhao’s 2022 tweet about selling FTT allegedly caused a surge in FTX withdrawals. The post FTX Sues Binance, Zhao for $1.8B in Alleged Fraud: Report…
FTX co-founder requests to avoid his prison sentence in the fraud case involving SBF. Wang’s lawyer highlights the defendant’s minimal role in the fraud scheme compared to others. The lawyer argues that Wang was instructed by Bankman-Fried to alter FTX’s code. In a novel development in the FTX lawsuit, Gary Wang, the co-founder of the…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 As the second anniversary of FTX’s dramatic collapse approaches, Cyprus’s financial watchdog, CySEC, has once again extended the operational suspension of FTX Europe. Announced on November 5, this extension freezes FTX’s European arm from offering services or acquiring new clients until at least May 30, 2025. While it restricts…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The FTX estate reached a $228 million settlement agreement with Bybit, a crypto exchange, following a lengthy legal battle that started in 2023. The lawsuit, filed by the FTX estate, aimed to recover funds that could be redirected to former customers and creditors impacted by FTX’s collapse. According to…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ryan Salame, former co-CEO of FTX Digital, pleaded guilty in September 2023 to campaign finance violations and operating an unlicensed money-transmitting business. Despite admitting his guilt in court, Salame, in a series of recent interviews before beginning his seven-and-a-half-year prison sentence, has asserted his innocence. In a twist that…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Sam Bankman-Fried, the co-founder of FTX, is now receiving support from a group of neurodivergence experts, who argue that his autism spectrum disorder (ASD) and attention-deficit/hyperactivity disorder (ADHD) negatively impacted his criminal trial. In a Sept. 20 amicus brief filed with the Second Circuit Appeals Court, eight doctors specializing…