FTX
Bitcoin Breaches New Record Above $98K as MicroStrategy Soars and Trump Considers 'Crypto Czar'
Bitcoin rally continues as the largest crypto by market cap surged above $98,000 heading into the U.S. morning Thursday. This comes as MicroStrategy and other companies holding corporate bitcoin treasuries soar and president-elect Trump reportedly talks with the crypto industry about a new White House post dedicated to crypto policy. Plus, former FTX executive Gary Wang was spared prison time by a judge. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Former FTX CTO Gary Wang Won’t Have to Serve Prison Time, Judge Rules
Wang was one of the key cooperating witnesses with U.S. prosecutors in Sam Bankman-Fried’s trial, earning him a “world of credit,” a judge said on Wednesday.
Bitcoin Nears $90K; FTX Sues Binance, CZ For $1.8B
Bitcoin recorded its largest daily gain in history with $8,400 added on Veterans Day. Could the largest crypto by market cap hit the $90,000 level? Plus, updates from Ethereum's Devcon conference and FTX takes legal action against Binance and former Binance CEO Changpeng "CZ" Zhao. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors
Trabucco agreed to forfeit apartments worth $8.7 million and a 53-foot yacht as well as the rights to claims filed against FTX for about $70 million, a filing shows.
FTX Sues Binance, Former CEO CZ for $1.8B
The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent
Humpy the Whale Cost FTX, Alameda $1 Billion in Losses, Lawsuit Alleges
The suit also links him to organized crime in Eastern Europe and terrorist groups.
Former FTX CTO Gary Wang Asks Court for No Jail Time
Sam Bankman-Fried’s one-time friend and college roommate will be the fourth FTX executive to be sentenced.
FTX's Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse
Singh, who was sentenced to time served, is the fourth FTX executive to be sentenced for his role in the fraud.
Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
Singh approached his cooperation with earnest remorse and eagerness to assist, according to a new court document.
Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an 'Uncommonly Selfless Individual'
Singh will be sentenced for his role in the collapse of FTX on Oct. 30.
