March 14, 2025

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Finance

New campaign finance violation case illustrates that the FTX criminal saga may be far from over after DOJ charges crypto lobbyist

  • August 23, 2024

After a jury convicted disgraced FTX founder Sam Bankman-Fried of seven criminal charges last November related to the collapse of his crypto exchange, questions lingered over alleged campaign finance violations totaling nearly $100 million stemming from stolen customer deposits. But a second trial never materialized, with prosecutors deciding to drop the case in December, leaving

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Crypto

Super-angel billionaire Ron Conway blindsided by crypto allies: report

  • August 20, 2024

Billionaire venture capital investor Ron Conway reportedly cut ties with a cryptocurrency super PAC called Fairshake after the group said it would support the Republican running against Sen. Sherrod Brown (D-Ohio), according to a Politico report. Brown is the longtime chair of the Senate banking committee and has raised concerns about cryptocurrency in the past,

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Loans

Jump Trading Drags FTX Estate to Court Over $264M Serum (SRM) Token Loan

  • July 11, 2024

The FTX bankruptcy estate is pushing back against a claim by Jump Trading’s subsidiary Tai Ho Shan, which asserts that Alameda didn’t deliver 800 million Serum (SRM) tokens and wants $264 million in damages, but Alameda says that the claim is invalid because the loan never commenced. Market data shows that the 800 million SRM

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Crypto

Mt Gox Bitcoin and Crypto’s Future

  • June 29, 2024

The 2014 collapse of Mt. Gox served as one of the first, big crypto scandals. Over 100,000 creditors of the digital asset exchange lost over $9.4 billion worth of bitcoin — and now, nearly 10 years later, the exchange announced that it is (finally) set to start repaying its creditors in bitcoin (BTC) and bitcoin

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Crypto

Wells Notices, Crypto Payments and Usability

  • May 8, 2024

Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who, having once feared they’d lost their collective billions, can now take solace from the news Tuesday (May 7) that FTX’s bankruptcy team is ready to repay them

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Crypto

FTX crypto fraud victims to get their money back — plus interest

  • May 8, 2024

Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and

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Property

FTX Ex-Exec to Sell $5.9M Worth Bahamas Property, Ahead of May 28th Sentencing

  • May 3, 2024

The FTX saga unfolds further as Ryan Salame, former co-chief executive of FTX Digital Markets, agrees to transfer his $5.9 million Bahamas property as part of a restitution deal in his criminal case, sidestepping cash payments. This development comes amidst a larger controversy involving vast political donations aimed at influencing U.S. cryptocurrency legislation, spotlighting the

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Crypto

Solana cryptocurrency ridden with racist meme coins, Nazi imagery

  • April 1, 2024

Solana, the cryptocurrency platform that FTX fraudster Sam Bankman-Fried has recommended to his jail guards as a red-hot investment, has become ridden with racist and antisemitic coins. Sleazy crypto entrepreneurs — looking to grab cash in the middle of the massive Bitcoin rebound — are using Solana’s blockchain platform to mint a slew of crypto

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