Terraform Labs co-founder Do Kwon pleads not guilty before a US federal judge in New York to nine counts, including wire fraud, over the $40B TerraUSD collapse
- Kwon was extradited from Montenegro earlier this week — He is also facing fraud prosecution in his native South Korea
Montenegro extradites Terraform Labs co-founder Do Kwon to the US; South Korea also sought Do Kwon's extradition
Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the United States, the interior ministry said. — Kwon, a South Korean national …
FTX sues Binance and former CEO Changpeng Zhao, seeking to claw back almost $1.8B it alleges was fraudulently transferred by Sam Bankman-Fried in a 2021 deal
Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
FTX sues Anthony Scaramucci, Crypto.com, Zuckerberg's FWD.US, and others to recoup SBF's “investments” as part of his “campaign of influence-buying” in 2022
- Lawsuit says $67 million was invested into Skybridge endeavors — FTX Says investments conveyed ‘little to no benefit’
A US court says FTX Trading and affiliated debtors can start selling $744M worth of Grayscale and Bitwise shares; GBTC accounts for 22.3M units worth $597M
Anna Baydakova / The Block :
Sam Bankman Fried's lawyers say SBF plans to testify in his own trial when they start their case later this week, after damaging testimony from his inner circle
The FTX estate floats an amended proposal to return up to 90% of creditor holdings, divided into three pools, and plans to formally file the plan by December 16
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.
Analysis: lawyers, accountants, consultants, and more have charged $700M+ in fees since 2022 in the bankruptcies of FTX, Celsius, Voyager, BlockFi, and Genesis
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
Court filings: Alameda can make a $175M claim from the estate of similarly bankrupt crypto company Genesis, significantly below the nearly $4B FTX first sought
Jack Schickler / CoinDesk :
In an amended indictment, the US DOJ alleges SBF used money he stole from FTX customers to make $100M+ in political campaign donations before the 2022 midterms
Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million …
Sources: ex-FTX Digital Markets co-CEO Ryan Salame is in talks with prosecutors to plead guilty to criminal charges and may enter a plea as soon as September
- Ryan Salame was the co-chief executive of FTX Digital Markets — Salame would be fourth former FTX executive to plead guilty
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value
Takeaways from SEC complaint Cosmos Ecosystem Chat Newsletter : SEC Charges Do Kwon, Mars on Crescent, Turkey Earthquake Aid Proposal - CEC Issue #25 The Block : U.S. investigation...
Sources: Jump is the unnamed “US trading firm” that the SEC said helped support the TerraUSD stablecoin in May 2021; the SEC has not accused Jump of wrongdoing
Published 1 hour and 25 minutes earlier on — Jump is the unidentified “U.S. trading firm” …
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value
The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse …