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FTX Founder Bankman-Fried Agrees to Settlement, Aids Legal Action Against Celebrities

FTX Founder Bankman-Fried Agrees to Settlement, Aids Legal Action Against CelebritiesIn a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivotal moment in the extensive legal battles following the crypto exchange’s colossal collapse. Former Crypto Tycoon and Now Convicted Inmate […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Tom Brady’s Estranged Wife Gisele Bundchen Claims FTX Collapse ‘Blindsided’ Her

Tom Brady’s Estranged Wife Gisele Bundchen Claims FTX Collapse ‘Blindsided’ HerFormer U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it. Bundchen and Brady’s Shareholding in FTX Gisele Bundchen, a fashion model and the estranged wife of […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

FTX customers are safe from being doxxed, for now

The decision comes after a Jan. 8 filing by FTX’s lawyers, who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors.

The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings. 

The decision was reportedly made by Judge John Dorsey in the Delaware-based bankruptcy court on Jan. 11 in response to a 168-page filing by FTX on Jan. 8, which requested the court to withhold confidential customer information.

Judge Dorsey said that he remains “reluctant at this point” to disclose the confidential information, as it may put creditors “at risk,” despite increased pressure from several media outlets:

“We’re talking about individuals here who are not present – individuals who may be at risk if their name and information is disclosed.”

Days earlier, FTX lawyers argued “that disclosure of the information would create an undue risk of identity theft or unlawful injury to the individual or the individual’s property” and that the court should use its “broad discretion” under the U.S. Bankruptcy Code to protect those affected by FTX’s collapse.

In late December, a group of non-U.S. FTX customers also pushed the Delaware bankruptcy court to keep customer information private, arguing in a Dec. 28 joinder filing that public disclosure would cause “irreparable harm.”

Judge Dorsey’s decision does however run contrary to most bankruptcy proceedings where creditor information is disclosed — which is what happened in cryptocurrency lender Celsius’ bankruptcy proceedings in October.

Related: Getting funds out of FTX could take years or even decades: Lawyers

The Delaware-based bankruptcy court hasn’t been as kind to FTX equity holders, having released a Jan. 9 document that disclosed the investors expected to be wiped out and the number of shares they held with FTX.

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Among those included NFL legend and former FTX brand ambassador Tom Brady, his ex-wife Gisele Bündchen, tech entrepreneur Peter Thiel and Shark Tank investor Kevin O’Leary.

It appears that progress is being made though, with FTX reported to have already recovered $5 billion in cash and cryptocurrency, FTX attorney Andy Dietderich said in a Jan. 11 statement.

According to early bankruptcy filings in November, more than 1 million creditors were speculated to be involved, with $3 billion being owed to the 50 largest creditors alone.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Report: FTX Execs Offered Taylor Swift $100M to Endorse the Exchange, Source Says Singer Never Considered the Deal

Report: FTX Execs Offered Taylor Swift 0M to Endorse the Exchange, Source Says Singer Never Considered the DealAccording to a report, the American singer-songwriter Taylor Swift was allegedly courted by FTX to promote the exchange. Sources say the deal was worth more than $100 million and it was reportedly pushed by the FTX executive Claire Watanabe. Award-Winning Singer Taylor Swift Was Allegedly Courted by FTX Executives A report published by the Financial […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Tom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action Lawsuit

Tom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action LawsuitFormer FTX CEO Sam Bankman-Fried (SBF) and a number of celebrities including Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille O’Neal have been named in a class-action lawsuit involving the alleged engagement in deceptive practices with FTX. The lawsuit was filed by the attorneys Adam Moskowitz and David Boies late Tuesday, and the suit alleges […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

From a  Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTXDuring the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors. The following is an in-depth look […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

FTX US Partners With Monumental Sports Entertainment, Gets Exposure to 4 New Sports Teams

FTX US Partners With Monumental Sports Entertainment, Gets Exposure to 4 New Sports TeamsFTX continues its path toward the sports world as it signed a partnership with Monumental Sports Entertainment (MSE) on Monday. The deal makes it so FTX US will be MSE’s exclusive crypto exchange and non-fungible token partner. FTX and Monumental Sports Entertainment to Collaborate Monumental Sports Entertainment (MSE) announced on December 20, that the organization […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in Crypto

Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in CryptoThe cryptocurrency firm FTX Trading Ltd. announced on Tuesday that the Major League Baseball (MLB) legend Shohei Ohtani also known as “Shotime” has joined the company’s global ambassadors. According to the announcement Ohtani will be paid in cryptocurrencies and will acquire an equity stake in the crypto company. Angels’ Shotime Joins FTX At the end […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

‘The Unfair Advantage:’ Dune Actress Rebecca Ferguson Stars in Crypto-Centric TV Commercial

‘The Unfair Advantage:’ Dune Actress Rebecca Ferguson Stars in Crypto-Centric TV CommercialIn recent times cryptocurrency platforms have been airing a number of commercials on television in order to entice a broader audience to get into cryptocurrencies. The digital currency community has witnessed crypto commercials starring the seven-time Super Bowl winner Tom Brady and his supermodel wife Gisele Bündchen, award-winning director Spike Lee, and the actor Matt […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Green Bay Packers Running Back Aaron Jones Joins Crypto Exchange FTX’s Ambassador Team

Green Bay Packers Running Back Aaron Jones Joins Crypto Exchange FTX’s Ambassador TeamOn Tuesday, the crypto firm FTX Trading Ltd, announced that the Green Bay Packers running back Aaron Jones has joined the company as an FTX Ambassador in a long-term partnership. The collaboration with the NFL player follows the firm’s partnership with seven-time Super Bowl winner Tom Brady and his wife Gisele Bündchen. FTX Inks Long-Term […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K