LND topic: tx- page 4

Lena Dunham's Take on Crypto Crash: A New Film

November 12, 2024

Ever heard of Sam Bankman-Fried? He's the guy who turned the crypto world upside down. Now, Apple and A24 are teaming up to tell his story in a new movie. Lena Dunham, the creator of "Girls, " is writing the script. It's based on Michael Lewis' book "Going Infinite, " which dives into the rise and f

finance

Binance and CZ Face Massive Lawsuit from FTX

November 11, 2024

Binance, one of the world's largest cryptocurrency exchanges, and its former CEO, Changpeng Zhao (CZ), are being sued by FTX for a staggering $1. 8 billion. This legal battle comes after FTX filed a lawsuit claiming that Binance and CZ played a significant role in FTX's collapse last year. The lawsu

crypto

Former FTX Engineer Avoids Jail Time for Helping Catch Bankman-Fried

November 1, 2024

In New York, a former FTX executive named Nishad Singh was spared a prison sentence on Wednesday. The federal judge commended Singh's significant cooperation in exposing the multibillion-dollar fraud orchestrated by FTX's founder, Sam Bankman-Fried. Singh, who was the company's engineering director,

crypto

Nishad Singh’s Short Sentence: A Story of Limited Involvement

October 31, 2024

Nishad Singh, the former head of engineering at FTX, received no jail time and three years of supervised release on Wednesday. Instead of the maximum 75 years, he was ordered to forfeit $11 billion. Judge Lewis Kaplan praised Singh’s cooperation with the government, noting it was “remarkable. ” Sing

crypto

Falling Stars: A Crypto Couple's Journey from Power to Prison

October 11, 2024

Once a powerful duo in the world of cryptocurrency, Ryan Salame and Michelle Bond are now facing serious legal troubles. Their story began when they met through their mutual connection to Sam Bankman-Fried, the founder of the now-collapsed FTX crypto exchange. Ryan, a top executive at FTX, was known

business

FTX Gets Court Nod to Repay Customers

October 8, 2024

FTX has officially received the green light from a bankruptcy court to start repaying its customers. The plan, approved on Monday, is set to use up to $16.5 billion in assets that the company managed to recover after its collapse. The court praised FTX for handling the complex bankruptcy process eff

business

Crypto Exchange FTX: A Big Payback Is on the Way

October 8, 2024

After FTX crumbled in late 2022, many thought their money was gone forever. But recently, a court gave the thumbs-up on a whopping $14 billion U.S. dollars payback plan. This means creditors (people who lent money to FTX) are in for a nice surprise. They'll get all their money back—plus some extra! ...

business

Tom Brady's Advice Drives UFC Boss to Big Event Bet

October 7, 2024

UFC President Dana White is setting the stage for a big event in Las Vegas. The upcoming UFC 306 pay-per-view card will take place on September 14, coinciding with Mexican Independence Day. White has dubbed it “a love letter to Mexican people.” To make this event extra special, he's investing $20 mi

finance

FTX Fraud: Ellison's Sentencing & Bankman-Fried's Guilt

October 6, 2024

On Tuesday, Sept. 24, at 3 p.m. ET, Caroline Ellison will face sentencing in a New York court for her role in the FTX collapse. Ellison, formerly the CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, pleaded guilty to seven counts of fraud after testifying against SBF. Despite potentia

finance

Ellison's Fate: How Cooperation Could Shape Her Sentence

October 6, 2024

Caroline Ellison, formerly the co-CEO of Alameda Research and a key player in the FTX scandal, is about to learn her sentence. Unlike her ex-business partner Sam Bankman-Fried, who received 25 years in prison, some experts think Ellison might avoid jail time entirely. What's her secret? She cooperat