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Results 1 - 10 of about 555:

Amaka Nwaokocha / Cointelegraph:

Bankrupt crypto lender BlockFi announces plans to shut down its web platform in May and partners with Coinbase to allow clients to access and withdraw funds — The plan administrator will continue to use Coinbase for upcoming distribution rounds, potentially involving recovered funds from FTX.

May 10, 2024, 5:20 AM– In context

Steven Church / Bloomberg:

FTX says it will have as much as $16.3B to distribute after selling all of its assets; FTX owes ~$11B to 2M+ customers and other non-governmental creditors — - Crypto customers to get interest on what FTX owes them — Bankrupt firm updates plan to divide cash among creditors

May 7, 2024, 7:45 PM– In context

Elizabeth Lopatto / The Verge:

A US judge sentences Binance founder Changpeng Zhao to four months in prison; Zhao pled guilty in November 2023 — Binance founder Changpeng Zhao was sentenced to four months in prison for failing to establish adequately anti-money laundering protections. Zhao, once the head …

Apr 30, 2024, 3:02 PM– In context

Bloomberg:

A look at the contrast between CZ/Binance and SBF/FTX, as Binance claims the crypto exchange's global users increased 30% YoY to 170M in 2023 — The ex-CEO is about to learn if he'll be the richest US inmate ever. But, with friends on the company's board, his ownership of the exchange intact …

Apr 30, 2024, 2:25 AM– In context

Bloomberg:

Filing: a group of FTX investors and customers agree to drop their claims against SBF if he cooperates in cases against celebrities and others who pushed FTX — - Pact would release crypto exchange co-founder from claims — In return he would help them pursue celebrities who pushed FTX

Apr 19, 2024, 10:30 PM– In context

Bloomberg:

Sources: FTX's estate sold 25M to 30M locked-up SOL coins for $64 apiece, a deeply discounted price, to Galaxy Trading, Pantera, and others, raising up to $1.9B — - Galaxy raised $620 million fund to buy discounted SOL from FTX — Sales were done at big discount to SOL's current market price

Apr 5, 2024, 10:00 AM– In context

Reuters:

A US judge sentences Sam Bankman-Fried to 25 years in prison for stealing from users of his now-bankrupt FTX crypto exchange and orders him to forfeit $11B+ — Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers …

Mar 28, 2024, 11:50 AM– In context

Bloomberg:

How the US is using wire fraud laws to prosecute crypto crimes, such as with SBF, while the debate over whether crypto tokens are securities plays out in court — - Wire fraud cases filed by federal prosecutors have soared — Bankman-Fried to be sentenced Thursday over FTX collapse

Mar 26, 2024, 5:00 PM– In context

Becky Yerak / Wall Street Journal:

Filing: FTX strikes deals worth $884M with buyers, including $500M from a Mubadala affiliate, to sell most of its Anthropic stake; FTX invested $500M in 2021 — Abu Dhabi investor would buy shares for $500 million in the artificial-intelligence startup from bankrupt cryptocurrency exchange

Mar 25, 2024, 1:10 PM– In context

Kate Rooney / CNBC:

Sources: Anthropic has ruled out taking any Saudi money over national security concerns, as investors jostle to buy into FTX's 8% stake that is now worth ~$1B — Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that's taking on OpenAI.

Mar 22, 2024, 4:00 PM– In context

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