FTX

Law firm Fenwick & West agreed on Friday to pay $54 million to settle allegations related to its advisory role in the collapse of the FTX cryptocurrency exchange. Details Of The Settlement The preliminary settlement was filed in the U.S. District Court for the Southern District of...

Imprisoned cryptocurrency fraudster Sam Bankman-Fried on Wednesday touted his investments in some of the world's most valuable companies, and what the total stake could have been if the fire-sale had not occurred. ‘Many Such Cases’ Bankman-Fried, popularly known as SBF, quoted a post...

An exclusive partnership between Netflix Inc (NASDAQ:NFLX) and a production studio founded by former president and first lady Barack Obama and Michelle Obama is nearing an end. Here's a look back at the deal and hits made and what happens next. • Netflix stock is holding steady today. What...

SpaceX has confidentially filed for an IPO that could value the Elon Musk-owned company at $1.75 trillion and make him the world's first trillionaire. Other investors in the company could also be in for big days, although one person missing out on profits from the IPO is incarcerated cryptocurrency...

Renowned cryptocurrency analyst Willy Woo likened all cryptocurrency trading other than Bitcoin (CRYPTO: BTC) to gambling—unless you’re an insider who knows the game is rigged in your favor. Crypto Trading Like Gambling, Says Woo In an X post, Woo said that without an informational or...

Sen. Elizabeth Warren (D-Mass.) expressed concern on Wednesday over jailed fraudster Sam Bankman-Fried’s endorsement of a cryptocurrency market structure bill. Warren Questions SBF’s Endorsement Warren said in an X post that a person like Bankman-Fried endorsing the...

Former FTX CEO and co-founder, Sam Bankman-Fried, is currently serving more than 20 years behind bars after being convicted of fraud and conspiracy charges in 2023. An investment made by Bankman-Fried on behalf of FTX could have turned into huge profits, but was sold while the former crypto figure...

Basketball legend Shaquille O’Neal, often known as Shaq, will pay $1.8 million to settle allegations that he promoted unregistered securities through his endorsement of the collapsed cryptocurrency exchange FTX. What Happened: The proposed settlement, filed in Florida federal court on...

Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has expressed concern over the length of Sam Bankman-Fried's prison sentence, calling the 25-year term excessive despite being personally impacted by the collapse of FTX. "Is 25 years too steep of a...

Sam Bankman-Fried, the fallen cryptocurrency mogul who once promised to "build the future of finance," is now projected to walk out of federal custody on Dec. 14, 2044, more than four years earlier than the 25-year sentence he received last spring. What Happened: The Federal Bureau of Prisons lists...

The FTX Recovery Trust will distribute more than $5 billion to creditors starting May 30, as part of its second payout under the Chapter 11 bankruptcy plan. This marks a significant step in addressing claims from the collapse of FTX, the cryptocurrency exchange that imploded in November 2022. The...

A federal judge in Florida has tossed out the bulk of allegations targeting celebrities and social media influencers who endorsed the failed cryptocurrency exchange FTX. What Happened: Among those cleared of most claims are NFL legend Tom Brady, supermodel Gisele Bündchen, investor Kevin O'Leary,...

A previously overlooked stake once tied to the collapsed crypto exchange FTX may now be worth roughly $500 million, following a sharp rise in valuation at one of Silicon Valley's hottest AI startups. What Happened: Anysphere, the company behind the AI-powered code-writing assistant Cursor, has...

Basketball legend Shaquille O’Neal, often known as Shaq, settled a lawsuit with FTX (CRYPTO: FTT) customers on Tuesday over a commercial promoting the now-defunct cryptocurrency exchange. What Happened: O’Neal and the plaintiffs have agreed upon an “amicable proposed resolution,...

Sen. Elizabeth Warren (D-Mass.) raised questions about Paul Atkins’ connections to the cryptocurrency industry that she believes could pose conflicts of interest if he is confirmed as SEC Chair. What happened: In a letter dated Mar. 23, Warren said that Atkins served as an advisor to the...