All by tag: Lawsuit

The summons was served one day before the deadline date set by the court

Co-founders Artur Schaback and Mohamad Youssef made a number of accusations against each other

Companies provided liquidity to the exchange in exchange for favorable trading conditions

The figure dropped from 70% to 54%

The exchange, its founder, and a number of influencers were accused of selling and promoting unregistered securities

Michael Alan Stollery spent the funds raised on living expenses in Hawaii and covering the loan

The decision was made contrary to the prosecutors’ claim of a high risk of the user’s escaping

The company’s representatives called FTX DM an economic and legal “nullity.

One of the defendants, blogger Bitboy, intends to counter-sue

Judge Michael Wiles explained that the broker’s restructuring does not imply its exemption from liability for past violations

Attorney General Letitia James said that the exchange violated the Martin Act, used in the state to combat financial fraud

The deal may increase the amount of funds to reimburse FTX’s creditors