FTX estate misses out on $3B Cursor stake value after $200K sale in 2023
In recent developments, the FTX estate sold its Cursor stake for $200K in 2023, now worth $3B after a SpaceX-linked valuation surge, raising questions about bankruptcy asset sales. Looking closer,…
FTX Sold Cursor Stake for $200K. SpaceX Now Has a $60 Billion Option to Buy It
In recent developments, fTX’s bankruptcy estate sold Alameda Research’s early stake in Anysphere, the startup behind AI code editor Cursor, for $200,000 in 2023. SpaceX announced a $60 billion option…
Former FTX head of engineering fined $3.7M to resolve CFTC lawsuit
In recent developments, singh faced legal action from the SEC, CFTC and US Department of Justice after FTX collapsed in November 2022 but avoided significant prison time by cooperating with…
CFTC Finalizes Settlement With Former FTX Engineer, Imposes $3.7M Disgorgement
In recent developments, court order finalizes CFTC case against a former FTX engineering chief, enforcing financial penalties and long-term bans while underscoring how cooperation can shape outcomes in major crypto…
FTX Sets $2.2B Distribution as Creditor Recoveries Reach up to 120%
In recent developments, fTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29, as multiple claim…
From FTX fallout to fresh capital: Former US chief raises $35M for new exchange
In recent developments, former-FTX US president Brett Harrison’s Architect Financial Technologies secured $35 million to build an institutional trading platform spanning crypto, equities, and futures. Looking closer, market participants highlight…
FTX, Alameda Execs Will Be Barred From Wall Street Roles for Up to 10 Years
In recent developments, the SEC proposed settlement agreements for key members of FTX co-founder and former CEO Sam Bankman-Fried’s inner circle. Looking closer, market participants highlight key drivers such as…
Silvergate Bank lawsuit calls for FTX, Alameda clients to weigh in on $10M se…
In recent developments, more than 46,000 claimants could potentially receive a payout from a court-approved settlement involving the FTX-tied Silvergate Bank, which shuttered in 2023. Looking closer, market participants highlight…
Ex-prosecutor denies promising not to charge FTX executive’s partner
In recent developments, one of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals. Looking closer,…
Ex-prosecutor denies promising not to charge FTX executive’s partner
In recent developments, one of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals. Looking closer,…
