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FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse

FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse

The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and ove...
Sep, 11, 2023
2 min read
by Bitcoin News
Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea

Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea

According to insiders who reached out to Bloomberg, there are intriguing developments surrounding Ryan Salame, the former co-chief executive of FTX...
Sep, 07, 2023
1 min read
by Bitcoin News
Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records

Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records

The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company i...
Sep, 04, 2023
2 min read
by Bitcoin News
Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster

Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster

The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Blo...
Aug, 18, 2023
2 min read
by Bitcoin News
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their inter...
Mar, 18, 2023
3 min read
by Bitcoin News