ftxforarc

As a battle over control of private litigation from the fallout of crypto exchange FTX is brewing, the Moskowitz Law Firm Managing Partner Adam Moskowitz discusses why his firm, along with Boies Schiller Flexner, filed a petition last week requesting a special panel of judges to move all of the private FTX cases to federal court in Miami. Plus, his take on why celebrities who endorsed FTX should be held liable for allegedly violating Florida law.

Feb 14, 2023

In November, online investing platform Bnk To The Future terminated its planned acquisition of SALT Lending after the latter informed customers it would pause withdrawals and deposits on its platform due to an unspecified exposure to FTX. SALT Lending CEO and Director Shawn Owen discusses the current status of withdrawals and deposits after the crypto lender recently closed a $64.4 million Series A funding round.

Feb 9, 2023

Crypto lender SALT has closed a $64.4 million Series A funding round from a share sale to accredited investors less than three months after a planned sale fell through due to the implosion of centralized crypto exchange FTX. SALT Lending CEO and Director Shawn Owen discusses the raise, business plans, and outlook for crypto lending.

Feb 9, 2023

U.S. Judge John Dorsey ordered that FTX's new leadership and its official creditor committee can subpoena the crypto exchange's founders and former executives, including Sam Bankman-Fried. Plus, the file format of the Bitcoin blockchain can’t be protected by copyright, a U.K. judge has found, ruling against self-proclaimed inventor Craig Wright.

Feb 8, 2023

Recently, Kraken closed its Abu Dhabi office less than a year after securing a license in the region. This comes after the crypto exchange announced a wave of layoffs last year. Kraken's Head of Strategy Tomas Perfumo addresses reorganization, saying it was "independent of any any of event like FTX [but] born out of the notion we're trying to focus."

Feb 8, 2023

SPiCE VC co-founder and managing partner Tal Elyashiv discusses the responsibility of venture capitalists and outlook on funding for crypto startups in the wake of FTX filing for bankruptcy. Plus, his outlook on investments in the AI and blockchain space as those technologies continue to evolve.

Feb 8, 2023

Counsel for former FTX CEO Sam Bankman-Fried is currently in talks with U.S. prosecutors to “resolve the outstanding issues related to Bankman-Fried’s bail conditions,” according to a court filing. Meanwhile, Proposals to subpoena FTX founder Sam Bankman-Fried, his immediate family and senior staff of the bankrupt crypto exchange have been opposed by the U.S. Trustee. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De breaks down the latest on Sam Bankman-Fried and FTX's hearings.

Feb 3, 2023

Hodder Law Firm Founder and Managing Partner Sasha Hodder discusses the whereabouts of bankrupt crypto exchange FTX's liquid assets worth at least $5 billion. "It's spread across thousands of different places right now," Hodder said. "It's not centralized at all."

Feb 2, 2023

A New York judge has prohibited Sam Bankman-Fried from attempting to contact any former or current employees of Alameda Research or FTX. Bankman-Fried has also been prohibited from using Signal or other ephemeral messaging applications. Hodder Law Firm Founder and Managing Partner Sasha Hodder discusses the feasibility of enforcing this ruling.

Feb 2, 2023

Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. Hodder Law Firm Founder and Managing Partner Sasha Hodder discusses the latest update from FTX's bankruptcy and the implications for creditors.

Feb 2, 2023