FTX

Robinhood Markets Inc (NASDAQ:HOOD) on Friday announced an agreement to repurchase 55.3 million shares of its own stock from the U.S. government for $605.7 million. The shares were initially seized from Sam Bankman-Fried, the founder of FTX, following his bankruptcy and ongoing legal issues. The...

Digital Currency Group (DCG) is on the verge of settling claims related to the bankruptcy of Genesis, as revealed in a recent court document. The proposed settlement might enable unsecured creditors to retrieve between 70% and 90% of their claims in USD, Coindesk reported. Additionally,...

The U.S. Department of Justice (DOJ) has moved to prevent all seven expert witnesses lined up for Sam Bankman-Fried from giving their testimonies in court. The DOJ has raised concerns about the qualifications and disclosures of these experts, stating that many of them have failed to adequately...

Lawyers representing Sam Bankman-Fried are pushing for a temporary release or, at a minimum a provision for him to consult with his legal team five times a week. Bankman-Fried's team argued his current incarceration hinders his ability to actively participate in his defense...

Cryptocurrency fund Pantera Capital predicts Bitcoin (CRYPTO: BTC) will experience a significant surge, drawing parallels to its historical performance patterns. The projection is centered around the upcoming Bitcoin halving event, slated for April 20, 2024. Historically, Bitcoin has reached its...

FTX (CRYPTO: FTT) founder Sam Bankman-Fried's lawyers are allowed to visit him in the Metropolitan Detention Center in Brooklyn, New York. This decision comes after his bail was revoked in the lead-up to his trial set for Oct. 3. The order permits his lawyers to fully utilize the legal...

Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX (CRYPTO: FTT), is reportedly facing challenges in preparing for his upcoming fraud trial due to poor prison conditions, according to his attorney. What Happened: Mark Cohen, the attorney representing the 31-year-old...

FTX's co-founder Sam Bankman-Fried is seeking a unique arrangement for his current confinement. Bankman-Fried hopes to secure a conditional release allowing him to collaborate with his legal counsel on his case in Manhattan five days a week, according to Bloomberg.  Bankman-...

Dubai's Virtual Assets Regulatory Authority (VARA) imposed a hefty fine of nearly $2.8 million on cryptocurrency exchange OPNX and its founders. OPNX, established by Kyle Davies and Su Zhu, the minds behind the unsuccessful hedge fund Three Arrows Capital (3AC), had previously faced VARA's...

BitGo Inc. announced a successful fundraising round, securing $100 million and elevating its valuation to $1.75 billion. BitGo specializes in safeguarding crypto assets, often using physical vaults to protect private keys, Bloomberg reported. The U.S.-based cryptocurrency custody firm currently...

Sam Bankman-Fried, ex-CEO of FTX, a bankrupt cryptocurrency exchange for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), is now in Brooklyn’s Metropolitan Detention Center and will be missing out on many of the amenities he enjoyed during his days of house arrest in...

Federal authorities added a new indictment against Sam Bankman-Fried Monday accusing him of utilizing misappropriated client assets to donate over $100 million to candidates in the 2022 U.S. midterm elections. This revelation comes as part of a fresh indictment against the FTX...

On Friday, Sam Bankman-Fried, the founder and CEO of the defunct cryptocurrency exchange FTX, was incarcerated following a federal judge's decision to revoke his bail. Since the latest development, reactions on social media have been mixed.  On Friday, Cinneamhain Ventures...

FTX founder Sam Bankman-Fried is set to be incarcerated Friday following a judge’s decision to support federal prosecutors’ call to revoke his bail due to purported witness interference. The decision came after a court session in New York, where Bankman-Fried will stay in custody until...

Several venture capital firms — including Menlo Park, California-based Sequoia Capital, Singapore's Temasek Holdings, Japan's SoftBank Group of Japan, and Hong Kong's Sino Global Capital — face a class action lawsuit due to their alleged involvement in the downfall of FTX....