ftx - Vigour Times

National – FTX Aims to Reclaim More Than US$1 Billion Allegedly Misappropriated by Sam Bankman-Fried and Associates

July 21, 2023

FTX Trading has filed a lawsuit against its founder, Sam Bankman-Fried, and other former executives of the cryptocurrency exchange. The company is seeking to recover over US$1 billion that was allegedly misappropriated before FTX went bankrupt. The complaint, which was filed in Delaware bankruptcy court, also names Caroline Ellison, the former leader of Bankman-Fried’s Alameda …

Sam Bankman-Fried withdraws support after Taylor Swift signs FTX agreement

July 7, 2023

Taylor Swift initially agreed to a sponsorship deal with FTX, a failed cryptocurrency exchange, before it was unexpectedly rejected by the former CEO, Sam Bankman-Fried. This contradicts Swift’s previous claims that she backed out of the deal due to her own business savvy. According to The New York Times, Swift’s representatives and FTX had been …

Bill Clinton Spotted With Michael Kives Amid FTX’s $700M Lawsuit

July 5, 2023

Michael Kives, the former aide to Hillary Clinton who has since become a prominent Hollywood agent, appeared unfazed by the $700 million lawsuit against his firm, even as he spent time with former President Bill Clinton in London. Exclusive photos obtained by The Post show Kives and Clinton enjoying a leisurely stroll through the streets …

Lawsuit claims former FTX lawyer Dan Friedberg acted as SBF’s “fixer,” providing hush money to whistleblowers

June 29, 2023

In a groundbreaking legal case filed in Delaware bankruptcy court, it is alleged that Dan Friedberg, former Chief Regulatory Officer at FTX, played a key role in the embezzlement of billions of dollars in customer funds from the cryptocurrency platform. Friedberg, known for his involvement in the infamous UltimateBet online poker cheating scandal, is accused …

Report: FTX Begins Discussions to Restart Global Cryptocurrency Exchange

June 28, 2023

Bankrupt FTX, a leading international cryptocurrency exchange, is making strides in its efforts to revive its operations, as reported by the Wall Street Journal. According to CEO John Ray, the company has begun the process of seeking interested parties to reboot the FTX.com exchange. The report also mentions that FTX has been in discussions with …

SBF’s bid to dismiss criminal charges in FTX’s collapse denied

June 27, 2023

Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX, has been denied his request to have criminal charges thrown out by a US judge. The ruling means that Bankman-Fried will proceed to trial on October 2nd. Prosecutors allege that the 31-year-old stole billions of dollars from FTX customer funds in order to cover losses at …

FTX files lawsuit against ex-Hillary Clinton aide for alleged misappropriation of $700 million

June 26, 2023

FTX, a bankrupt cryptocurrency exchange, has taken legal action against Michael Kives and his company, K5 Global, in an attempt to recover $700 million. Kives, a former aide to Hillary Clinton who now works as a Hollywood super agent, allegedly received the funds from Sam Bankman-Fried, a disgraced crypto mogul. Bankman-Fried authorized the transfer of …

SEC’s Regulations on Risky Cryptocurrencies Are Inconsistent and Chaotic

June 18, 2023

The way Securities and Exchange Commission Chair Gary Gensler is regulating cryptocurrency is a chaotic mess. Digital-coin exchanges are granted approval by the commission to go public, only to later be sanctioned for selling crypto that the agency doesn’t approve of. It’s unclear whether Gensler actually has the legal authority to intervene in this manner, …