FTX

Highlights: CFTC’s record $17.1B recovery in 2024 came mainly from cryptocurrency enforcement actions. The FTX case alone accounted for $12.7B in penalties and restitution for harmed customers. The whistleblower program rewarded $60M for tips leading to market fraud discoveries. The […]

Highlights: The U.S. government transferred over $33M in FTX crypto, including 5,024 ETH and 54.89B SHIB. The sale of seized assets could create market pressure, affecting investor sentiment. Uncertainty surrounds the U.S. government’s Bitcoin transfer, sparking concerns over future market […]

Highlights: On Nov. 22, the court declared Delio bankrupt after operational disruption. Delio must sell assets; creditors must submit claims by February 21, 2025. Delio’s sister company, Haru Invest, also declared bankruptcy. On Nov. 22, a Seoul court declared South […]

Highlights: Gary Wang has avoided prison by fully cooperating in the FTX fraud investigation. Basketball legend Shaquille O’Neal pays $11 million to settle claims related to FTX NFT promotions. FTX executives receive varied sentences based on their involvement in the […]

Highlights: 3AC raises bankruptcy claim against FTX from $120M to $1.5B. 3AC claims FTX sold assets at a loss, causing further damage to its finances. FTX intensifies lawsuits, including claims against Binance, SkyBridge, and Waves founder. The liquidators of the […]

Highlights: FTX sued Anthony Scaramucci and SkyBridge to recover over $100 million. FTX claims Bankman-Fried’s investments with SkyBridge lacked financial logic and served his interests. The company is preparing to distribute $12 billion to creditors after filing numerous lawsuits. The […]

Highlights: Gary Wang requests leniency due to key testimony against former FTX CEO Sam Bankman-Fried. Wang’s attorneys argue his role was limited compared to other FTX insiders, supporting a lighter sentence. Wang appeals for no jail time, highlighting his cooperation […]

Highlights: CySEC extends FTX Europe suspension to May 2025, keeping the platform under strict regulatory control. FTX Europe is restricted from new trades and clients while existing users can still withdraw their funds. Legal issues and financial losses mount for […]

Highlights: FSA plans to introduce a “holding order” to prevent domestic assets from leaving Japan. The development was triggered by the aftermath of FTX’s massive failure. Japan’s financial watchdog aims to protect investors through a crypto regulatory review. Japan’s Financial […]

Highlights: Singh’s lawyers seek leniency, citing his minor role in FTX’s collapse. Singh cooperated early, helping authorities prosecute other FTX leaders. Court to decide Singh’s sentence on October 30 amid wider crypto fraud fallout. Nishad Singh has asked a federal […]

Highlights: Ryan Salame begins prison sentence after a judge denies his request to delay due to a dog bite injury. The judge noted Salame appeared recovered, citing a Tucker Carlson interview where no impairment was visible. Salame faces seven and […]

Highlights: Ryan Salame seeks sentence delay due to ongoing medical treatment after a June dog bite injury. Former FTX executive Ryan Salame faces a 7.5-year sentence after pleading guilty to conspiracy charges in September. He requests postponing prison surrender from […]