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Blockchain
November 17, 2022
FTX ex-CEO, Celebrities and Backers Hit with Class-Action Lawsuit
A class action lawsuit filed by attorney Adam Moskowitz has been filed against FTX’s former chief executive and a host of celebrities in a court in Florida. The complaint argues that the defendants had perpetrated a Ponzi Scheme. A Ponzi Scheme Perpetrated on American Consumers Among the people named in the complaint are Sam Bankman-Fried […]
Blockchain
November 11, 2022
Crypto Exchange FTX Filed under Chapter 11 of the Bankruptcy Code
Troubled cryptocurrency exchange operator FTX Group has filed for protection under Chapter 11 of the US Bankruptcy Code in the District of Delaware, revealed a statement posted on Twitter by the exchange. Filing for Bankruptcy Over 130 affiliated companies, including FTX Trading, West Realm Shires Services, and Alameda Research commenced the voluntary proceedings seeking protection […]
Blockchain
November 11, 2022
FTX Runs into More Trouble as DoJ, SEC Launch Investigations
FTX is facing one trouble after another. The cash-strapped cryptocurrency exchange has been going through some rough times. Not only did Binance pull out of a proposed takeover deal but is the company now facing an investigation by the Department of Justice and the US Securities and Exchange Commission over criminal activity and securities offenses. […]
Legal
December 29, 2021
Laila Mintas Hits Back at Accusations That She Botched PlayUp’s $450M Sale
Laila Mintas finally decided to speak up on the recent fallout that she had with PlayUp on a botched $450 million sale. PlayUp was quick to replace her and even took legal action. However, Mintas denied the accusations that she was responsible for the failed sale and claimed that PlayUp’s global CEO was actually responsible […]
