In a recent court submission, legal representatives for basketball icon Shaquille O’Neal, commonly referred to as Shaq, claim he was not duly served in the FTX class-action lawsuit. As per the document, servers allegedly hurled the court documents at Shaq’s car, ultimately landing on the public street near his Georgia residence. Shaq’s Legal Team Fights…
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“Huge DJs” no longer appear at crypto events; instead, attendees are seeing more “well thought out, intelligent questions” being asked. The extended crypto winter has pushed crypto event organizers to tone down on the lavishness, allowing attendees to focus on asking more “intelligent questions” about regulation and tax. Crypto conferences attract all sorts from the…
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The NBA star appeared in a June 2022 commercial saying he was “all in” on FTX, one of many endorsements that led to a class-action lawsuit following the exchange’s collapse. Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previous…
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The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange. On May 9, crypto exchange OKX sent approximately $60 million worth of digital assets to wallets connected to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence. Screenshot showing transfers from…
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Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s Sam Bankman-Fried Urges Court to Drop Post-Extradition Charges Attorneys representing…
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Lawyers representing Sam Bankman-Fried want all but three charges against him dismissed in a filing on May 8. FTX founder and former CEO Sam Bankman-Fried (SBF) is seeking to have up to 10 criminal charges against him dismissed in court, months ahead of his scheduled criminal trial in October. In court documents filed in the…
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Beijing has said ‘no’ to crypto, but that doesn’t seem to affect a number of Chinese citizens who have continued trading digital coins since the ban – reportedly, on exchanges including Binance, FTX, OKX, and Huobi. According to a Bloomberg report, some portion of the country’s 1.4 billion people are seeking alternatives to traditional…
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Bankrupt crypto lender Voyager Digital has announced plans to self-liquidate its assets and shut down operations after deals to sell itself to FTX or Binance.US fell apart. In a Friday filing, lawyers of the company revealed that Voyager customers will now recover 36% of their crypto holdings, lower than the 72-73% estimated recovery rate they would…
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Major media outlets such as The New York Times, The Financial Times, and Bloomberg have asked the court in FTX’s bankruptcy case to hand over a list containing the names of millions of FTX customers. In total, the lists the media outlets are asking to get access to contains the names of some 9 million…
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Solana Labs founder Anatoly Yakovenko remains confident about the prospects of the Solana blockchain amid increasing competition from other emerging blockchain networks. At least six blockchain networks are set to launch soon, with Scroll, Linea, and the Coinbase-backed Base projects already gaining popularity among developers, potentially affecting market share for existing networks like Solana. … Read…
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