Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more
Jan 20 (Reuters) – The loan unit of crypto firm Genesis filed for bankruptcy protection in the United States on Thursday, owing its creditors at least $3.4 billion after being knocked down by a rout of the market with FTX exchange and lender BlockFi. Genesis Global Capital, a leading crypto lender, froze client redemptions on … Read more
SAN FRANCISCO, Jan 20 (Reuters) – Tesla Inc chief executive Elon Musk (TSLA.O) is set to testify in a jury trial on Friday over his 2018 Twitter post that he had ” secured financing” to take the power automaker private, which shareholders say has cost them millions in business losses. The class action lawsuit in … Read more
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