Bankman-Fried’s 10,000-Word Defence Falls Flat
Nearly three years after the dramatic collapse of FTX, Sam Bankman-Fried (SBF) has returned to the spotlight with a sweeping new claim that his fallen exchange was never truly insolvent. In a 10,000-word defence statement, the former billionaire insists FTX’s downfall was the result of panic, poor legal advice, and
CZ Seeks Dismissal of $1.76B FTX Lawsuit, Calls Case ‘Nonsensical’
Changpeng Zhao (CZ), the co-founder and former CEO of Binance, is pushing back against a $1.76 billion lawsuit filed by the FTX estate. The legal clash, playing out in a Delaware bankruptcy court, centres on a 2021 share repurchase deal between Binance and FTX. CZ’s legal team argues that the
Crypto’s Reckoning: From Billion Dollar Dreams to Courtroom Realities
Once the poster children of digital innovation and financial revolution, several high-profile crypto executives now find themselves navigating prison corridors instead of trading platforms. The sentencing of Celsius Network’s former CEO, Alex Mashinsky, to 12 years in prison marks yet another dramatic chapter in a series of crypto collapses that
Backpack Exchange Acquires FTX EU, Eyes Regulated Crypto Derivatives Market
In a strategic move set to reshape Europe’s crypto trading landscape, Backpack Exchange has acquired the European arm of the bankrupt FTX empire, FTX EU, for $32.7 million. This acquisition positions Backpack as a leading player in the burgeoning regulated cryptocurrency derivatives market across Europe. A MiFID II-License and New
