Tag: legal action

FTX Says Substantial Amount of Crypto Assets Stolen or Missing

FTX Says Substantial Amount of Crypto Assets Stolen or Missing

[ad_1] A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection […]

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What to Expect as FTX Debuts Biggest Crypto Chapter 11 in Court

What to Expect as FTX Debuts Biggest Crypto Chapter 11 in Court

[ad_1] FTX is expected to make its debut appearance Tuesday in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets. FTX’s lawyers are advancing an unprecedented chapter 11 case […]

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With Student Loan Forgiveness in Legal Limbo, Scammers Pounce

With Student Loan Forgiveness in Legal Limbo, Scammers Pounce

[ad_1] A federal judge struck down President Biden’s student loan forgiveness plan on Nov. 10. The ruling is being challenged, but that hasn’t stopped scammers eager to capitalize on borrowers’ confusion and frustration. Scams targeting Americans impatient for debt forgiveness surged in the first 10 months of 2022, according to the Federal Trade Commission. The […]

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