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The Latest Breaking News from FTX

Law firm Fenwick agrees to pay $54 million in settlement over FTX work

US law firm Fenwick & West will pay fifty-four million dollars to settle claims from FTX customers. The firm advised FTX before its collapse. Plaintiffs alleged Fenwick helped facilitate the fraud. The settlement requires court approval. Fenwick states it was unaware of the fraud and disputes wrongdoing. This is part…

The Economic Times

Trump Eyes 250 Pardons to Mark America's 250th Birthday — Could Ghislaine Maxwell and Sam Bankman-Fried Be Included?

Donald Trump considers granting 250 pardons for America's 250th anniversary, sparking debate over high-profile figures like Ghislaine Maxwell and Sam Bankman-Fried. The move could overshadow national celebrations.

International Business Times UK

Hudson Williams Teases What Fans Can Expect In Heated Rivalry Season 2

Hudson Williams teases steamy twists for Heated Rivalry season two at the Oscars while landing a key role in Netflix's FTX drama The Altruists. The rising star's dual projects signal a blockbuster trajectory.

International Business Times UK

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Hudson Williams Revelation: Connor Storrie Co-Star Vows 'S-x' as Heated Rivalry Season 2 Filming Date Confirmed

Actor Hudson Williams joins the cast of Netflix's 'The Altruists' and prepares for 'Heated Rivalry' Season 2, promising more drama and romance.

International Business Times UK

Former FTX crypto executive Caroline Ellison released from federal custody

Ellison testified against Sam Bankman-Fried, FTX’s founder and her ex-partner who was sentenced to 25 years in prison

The Guardian - US

Who Is Caroline Ellison? The FTX Fraudster Who Helped Take Down Crypto's Biggest Scam — Now Out of Prison

Caroline Ellison walked free this week after her testimony proved decisive in convicting Sam Bankman-Fried for the $8 billion FTX fraud.

International Business Times UK

Bitcoin on The Court: Why NBA Stars Invest in Crypto

Basketball is no longer only about the game. The NBA is increasingly intersecting with financial technology

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How a Harvard grad helped make Hyperliquid the biggest new player in crypto—with just 11 people and no venture funding

Following the collapse of FTX, Hyperliquid founder Jeff Yan has cut a figure as the anti-SBF.

Fortune

Notorious crypto con man Sam Bankman-Fried has a prison passion project: giving legal advice to other inmates

The face of crypto fraud is helping other criminals prepare for their court cases.

Fortune

DiamondLake Wants To Tokenize Your Business

The arrest of FTX CEO Sam Bankman-Fried in December 2022 and FTX's sudden collapse was a sign that security tokens would soon become far more significant than other crypto instruments, says Brian J. Esposito.

International Business Times

Crypto king Do Kwon jailed for 15 years over $40bn stablecoin fraud

The co-founder of cryptocurrency firm Terraform Labs was sentenced to 15 years in prison after a US court found that his $40bn stablecoin ecosystem was sustained by fraud.

Euronews

Sam Bankman-Fried 'Glad; Trump Plans To Pardon Former Honduran President Who Was Once His Prison Inmate

Convicted cryptocurrency fraudster Sam Bankman-Fried defended former Honduran President Juan Orlando Hernández, calling his arrest for drug-related crimes a “travesty.”

Benzinga

Ex-top prosecutor who resigned rather than drop Adams case defends her integrity in court testimony

The former interim U.S. attorney who quit rather than drop the criminal case against New York Mayor Eric Adams defended her integrity during testimony in Manhattan federal court

The Independent UK

You don’t hate AI because of genuine dislike. No, there’s a $1 billion plot by the ‘Doomer Industrial Complex’ to brainwash you, Trump’s AI czar says

Remember “Effective Altruism?” The movement led by disgraced crypto kingpin Sam Bankman-Fried is back, lobbying against AI.

Fortune

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Benzinga

'FTX Was Fine Until They Took It': SBF's Explosive Letter Blames Lawyers, But Would Trump Really Pardon Him?

Convicted FTX founder Sam Bankman-Fried said in a new 15-page letter that FTX "was never insolvent" and blamed lawyers for destroying what he called a $136 billion enterprise.

Benzinga

Sam Bankman-Fried Says 'Biden's Anti-Crypto SEC Came After Me' — But Did It Really?

Sam Bankman-Fried, the disgraced founder of FTX, reignited controversy by claiming his 2022 arrest was orchestrated by the Biden administration as retaliation for secretly donating millions to Republicans.

Benzinga

Anthony Scaramucci Once Said Act 'Dead' When Making Decisions About Bitcoin — A Lesson He Learned The Hard Way While Working With Trump

Anthony Scaramucci, founder of SkyBridge Capital and longtime Bitcoin (CRYPTO: BTC) bull, once said that the biggest mistake investors can make is letting pride and ego guide their decisions — a lesson he learned in politics and now applies to cryptocurrency.

Benzinga

Sam Bankman-Fried Invested In Anthropic Early, Here's How Much His Stake Would Be Worth If It Wasn't Sold While He Was In Prison

Former FTX CEO and co-founder, Sam Bankman-Fried, is currently serving more than 20 years behind bars after being convicted of fraud and conspiracy charges in 2023. An investment made by Bankman-Fried on behalf of FTX could have turned into huge profits, but was sold while the former crypto figure was…

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The Guardian - UK

Wytham Abbey’s asking price slashed by 60% after failure to find buyer

Oxfordshire manor once planned as hub for global technologists and philosophers now offered at £5.95m

Benzinga

Solana To Follow Bitcoin, Ethereum With $1 Billion Raise By These Three Crypto Firms

Galaxy Digital (NASDAQ:GLXY), Multicoin Capital, and Jump Crypto are in discussions with investors to raise approximately $1 billion for a Solana (CRYPTO: SOL)-focused treasury vehicle.

Fortune

Exclusive: Former Goldman Sachs exec heads to crypto startup founded by former Meta engineers

Mustafa Al Niama was head of the Americas division of Goldman Sachs’ digital assets desk.

TechRadar

Defunct crypto platform FTX Japan leaked thousands of user records after shutting down - here's how to stay safe

Names, email addresses, and more, leaked from the dead platform, putting FTX Japan users at risk.

Benzinga

Y Combinator Invested In The Likes Of Coinbase, Reddit And AirBnb, Now Its CEO Has A Serious Warning For Students With A 'Fake It Till You Make It' Motto

Y Combinator chief executive Garry Tan says college entrepreneurs who adopt a "fake-it-till-you-make-it" playbook risk following Theranos founder Elizabeth Holmes and FTX creator Sam Bankman-Fried "straight to jail."

Everybody Loves Your Money

10 Investments That Quietly Disappeared Without Headlines

The financial world is full of bombshell bankruptcies and spectacular crashes that grab front-page headlines. Yet, for every Enron or FTX, there are a dozen ventures that simply faded into the shadows, slipping away with little more than a footnote. Investors often remember the big scandals, but some losses happen…

The Independent UK

Shaquille O'Neal to pay $1.8 million to settle FTX class action lawsuit

Former NBA player Shaquille O’Neal will pay $1.8 million to settle a class action lawsuit related to the demise of cryptocurrency exchange FTX

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