FTX
Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced Later This Year
The duo pled guilty to criminal fraud charges and testified against their former boss, Sam Bankman-Fried, last year.
FTX Victims File to Recover $8B in Forfeited Assets; Will Biden and Trump Shake Hands Before Debate?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as FTX victims asked a New York court to rule that the crypto exchange's forfeited assets belong to its customers, not the bankruptcy estate. Plus, AI-related tokens slide following spikes in AI-related Google search queries. And, will Biden and Trump shake hands before the first Presidential debate next week?
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."
Former FTX Executive Ryan Salame Sentenced to 7.5 Years in Prison
Salame's lawyers had asked for 18 months.
Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
Salame's attorneys highlight that he wasn't involved in the core fraud perpetuated by Sam Bankman-Fried, and he has had nearly his entire net worth destroyed by the implosion of FTX.
How Recent Market Rally Impacted FTX's Asset Liquidation
Nicholas Hall, co-founder of Found.xyz and bankruptcy attorney, discusses the amount of funds FTX creditors could receive in the bankruptcy case and how it compares to a Ponzi scheme case. Plus, how the pumping crypto market influenced the restructuring plan.
Legal Expert on Pitfalls of FTX's Bankruptcy Plan
Found.xyz co-founder and bankruptcy attorney Nicholas Hall joins "First Mover" to discuss the FTX estate's new plan that would see 98% of its creditors get back 118% of their claims in cash. Plus, the hidden pitfalls of the reorganization plan and a potential timeline for court approval.
Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
Bitcoin was lower by 2.5% to $61,500 late Wednesday, with solana and bitcoin cash each down more than 7%.
Will All FTX Creditors Get Their Funds Back in Cash? Gronk to Pay $1.9M for Crypto Investor Suit
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bankrupt exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims in cash. Plus, NFL legend Rob Gronkowski will pay $1.9 million to settle claims brought by former customers of Voyager Digital. And, U.K. Economic Secretary speaks up about stablecoin and staking legislation.