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Latest from Cheyenne Ligon
Lawyers Detail the ‘Abrupt and Difficult’ Collapse of FTX in First Bankruptcy Hearing
FTX’s lawyers say former CEO Sam Bankman-Fried ran the exchange like his own “personal fiefdom,” allowing executives to use customer funds to purchase luxury real estate.
CFTC Bypassed Legal Requirement in Trying to Serve Ooki DAO, Crypto Supporters Claim
Andreessen Horowitz, LexPunK and the DeFi Education Fund filed their responses to the CFTC.
Two Estonian Citizens Charged With Running a Series of Crypto Scams Totaling $575M
According to the Department of Justice, the two men used shell companies to launder the proceeds of their fraudulent schemes and buy luxury cars and real estate in Estonia.
Sam Bankman-Fried Switches Legal Counsel as Investigations Into FTX Collapse Mount: Report
White-shoe law firm Paul Weiss is reportedly out – and SBF’s dad’s co-worker is in.
US Senators Warren, Durbin Probe FTX Collapse
The Democratic senators sent letters to both FTX’s current and former CEO demanding answers about what went wrong at the bankrupt exchange – which they say “appears to be an appalling case of greed and deception.”
FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say
Sources told CoinDesk that FTX was used as a bank by many of its employees. Now, their money is probably gone.
Bahamian Liquidators Say FTX Wasn’t Authorized to File for Bankruptcy in the US
Despite the company’s convoluted corporate structure, Bahamas-based lawyers say everything falls under the “FTX Digital Markets” umbrella – a Bahamian entity, subject to Bahamian law.
Celsius is Owed $12M by Alameda Research, Newest Member of Bankrupt Crypto Club
The bankrupt crypto lender’s new CEO told the judge Celsius Mining has approximately 40,000 mining rigs.
The ‘SBF Bill’: What’s in the Crypto Legislation Backed by FTX's Founder
The specter of the now-disgraced Sam Bankman-Fried looms large over the bill, but Sens. Debbie Stabenow and John Boozman plan to push ahead anyway.
CFTC Pushes Back Against Amicus Briefs in Ooki DAO Lawsuit
Lawyers for the CFTC served notice of the lawsuit against the DAO via a website help bot and a forum post. The four amicus briefs say the CFTC wasn't playing fair.
