Tag Archives: Sam Bankman-Fried

CEO Behind $4.7 Billion Crash Banned From Crypto, But How Will This Work?

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Celsius founder Alexander Mashinsky, who was responsible for the $4.7 billion 2022 crypto crash, has been banned from crypto. This forms part of a $10 million settlement with the Federal Trade Commission (FTC) while the crypto founder continues to serve a 12-year sentence.  Celsius Founder Banned From Crypto As Part of $10 Million FTC Settlement … Continue reading CEO Behind $4.7 Billion Crash Banned From Crypto, But How Will This Work?→

FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

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FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022.  The decision by Judge John Dorsey marks a significant step forward in the two-year-long bankruptcy proceedings, as voting by creditors plays a pivotal role in… Continue reading FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote→

FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors

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According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried.  In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam  Bankman-Fried And Insiders Settle Per… Continue reading FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors→