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The Latest Breaking News from FTX

Bitcoin, Ethereum, Dogecoin Drop As Beleaguered FTX Looks To Offload Billions In Tokens: Analyst Foresees Extreme Ethereum Crash, Predicts ETH Dropping More Than 70%

Major cryptocurrencies saw a sharp decline on Sunday as traders grew concerned about the potential selling pressure arising from the bankruptcy of exchange FTX

Zenger

FTX estate continues to explore ‘FTX 2.0,’ reaching out to more than 75 bidders in reboot talks

John J. Ray III, current CEO of FTX, said in January that relaunching the exchange was a possibility.

Fortune

Sam Bankman-Fried insists on pre-trial release from detention center, citing internet access problems

The FTX founder's trial is set to begin on October 3.

Fortune

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Former FTX crypto executive pleads guilty to making millions in illegal campaign contributions

A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business

The Independent UK

Former FTX crypto executive pleads guilty to making millions in illegal campaign contributions

The Independent UK

Former FTX executive Ryan Salame, who bought a private jet while working for the crypto exchange, to plead guilty

His plea follows similar deals for two other FTX executives, Gary Wang and Caroline Ellison.

Fortune

Crypto Court Update: SEC Delays Bitcoin ETF Decisions; Sam Bankman-Fried Needs More Time For Trial

Bitcoin price falls. SEC delays decision on several bitcoin ETF applications. Sam Bankman-Fried needs more prep time for trial.

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Exasperated judge wants any postponement request from Sam Bankman-Fried’s legal team by the end of this week

Judge Lewis Kaplan said there's no evidence to suggest prosecutors aren't acting in "good faith."

Fortune

FTX customers can’t catch a break: Hackers are targeting those trying to recoup funds from bankrupt crypto exchange

The phishing attempts follow a recent hack of Kroll, the claims agent in FTX’s ongoing bankruptcy case.

Fortune

Sam Bankman-Fried wants to pay expert witnesses up to $1,200 an hour. Prosecutors are trying to block them

Bankman-Fried's lawyers argue that he can't adequately prepare his defense in confinement.

Fortune

FTX, Genesis, BlockFi customer details at risk following data breach

A third party was breached following a SIM-swapping attack, and sensitive customer data was stolen.

TechRadar

Sam Bankman-Fried's lawyers renew claim that the FTX founder can't prepare for trial behind bars

Lawyers for Sam Bankman-Fried say prosecutors have delivered another four million pages of documents on the FTX founder six weeks before trial

The Independent UK

Circle’s CEO on the future of crypto regulation after the crypto winter and FTX’s failure in 2022

"A lot of the ideas that we have about how money moves around are going to change," Jeremy Allaire says on this week's Leadership Next podcast.

Fortune

Lawyer wails that jailed crypto king is 'subsisting on bread and water', judge says she's 'reasonably confident' that's not the case

Sam Bankman-Fried's bail was revoked earlier this month, and he's now being detained until his trial.

PC Gamer

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Fortune

FTX wants to repay creditors in cash, and the bankrupt crypto exchange wants Mike Novogratz’s Galaxy to help

The company previously said that it held $3.4 billion in cryptocurrency.

Evening Standard

FTX founder Sam Bankman-Fried living on bread and water in prison, says lawyer

‘Your Honour, that’s outrageous and needs to be remedied’, his defence argued

The Guardian - US

Sam Bankman-Fried living off ‘bread and water’ in prison, lawyer says

Founder of FTX not being provided with a vegan diet and not being given Adderall needed to manage his ADHD attorney tells judge

The Independent UK

Jailed FTX founder Sam Bankman-Fried can’t prepare for trial with ‘inadequate’ conditions, lawyers say

Defense lawyers say FTX founder Sam Bankman-Fried can't adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter

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The Independent UK

Jailed Sam Bankman-Fried can't prepare for trial on bread, water and inadequate meds, lawyers say

Al Jazeera

Hong Kong bets on crypto as sector’s star dims over crackdowns overseas

The Chinese territory has issued its first licenses for retail crypto trading amid push to cash in on virtual assets.

The Guardian - UK

The spies for hire who pick the bones of corporate scandals

With offices on both sides of the Atlantic, Nardello & Co is tracking assets for the new managers of collapsed crypto exchange FTX

The Independent UK

Trump attacks on judges are ‘crossing the line’. Will he be punished?

The former president’s behaviour would pose serious legal perils for a normal defendant – but Donald Trump is no normal defendant. Josh Marcus reports

The Independent UK

Trump attacks on judges may be ‘crossing the line,’ but experts say he will avoid punishment

The former president’s behaviour would pose serious legal perils for a normal defendant – but Donald Trump is no normal defendant. Josh Marcus reports

Fortune

FTX and Genesis avoid 'costly and uncertain litigation' by reaching $175 million settlement

The two giants had hundreds of millions of dollars worth of claims against each other.

Fortune

Caroline Ellison kept a memo called ‘Things Sam Is Freaking Out About,‘ and prosecutors plan to use it

The DOJ is laying out the evidence it wants to use in its upcoming trial against FTX founder Sam Bankman-Fried.

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