The Golden State Warriors have named Coinbase as their official cryptocurrency platform partner, marking a bold return to crypto partnerships despite ongoing legal challenges from their previous FTX sponsorship and Coinbase’s current SEC lawsuit.
Solana (SOL) experiences price volatility as the FTX exchange unstakes large volumes, potentially leading to increased selling pressure and a forecasted 12% drop.
Caroline Ellison, ex-girlfriend of Sam Bankman-Fried and former CEO of Alameda Research, receives a two-year prison sentence for her role in the FTX crypto fraud scandal. Despite extensive cooperation with prosecutors, Judge Kaplan emphasizes the gravity of the crime.
According to a court filing, nearly all customers of the collapsed cryptocurrency exchange FTX will receive more than 100% of their claims under a proposed reorganization plan, thanks to the successful sale of various assets held by the company.
The fierce rivalry between crypto titans Changpeng Zhao (CZ) of Binance and Sam Bankman-Fried (SBF) of FTX came to an anticlimactic end, with CZ receiving a four-month prison sentence and SBF a 25-year term for their respective roles in the downfall of the crypto industry.
Sam Bankman-Fried, the former crypto mogul and co-founder of FTX, has filed an appeal against his conviction and 25-year prison sentence for orchestrating an $8 billion fraud scheme.
Crypto exchange Backpack, founded by former FTX and Alameda Research executives, has started offering services to users in 11 U.S. states as it expands its presence in America.
