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The ‘Family Business’ — FTX Founder’s Parents Accused of Siphoning Millions From Bankrupt Exchange

2023-09-19 by admin Leave a Comment

The parents of disgraced FTX founder Sam Bankman-Fried are being accused of misappropriating millions in customer funds from the now-bankrupt cryptocurrency exchange. The attorneys for Joseph Bankman and Barbara Fried firmly assert that the allegations are “completely false.” FTX Scandal Widens: Bankman-Fried’s Parents Face Major Lawsuit In a lawsuit filed on September 18, FTX debtors […]

SEC Sues Bankrupt Crypto Lender Celsius, Alleges Misrepresentation of Customer Count and Risky Practices

2023-07-13 by admin Leave a Comment

The U.S. Securities and Exchange Commission has filed a lawsuit against the now-defunct cryptocurrency lender, Celsius. The suit, filed Thursday, also names former CEO Alexander “Alex” Mashinsky as a defendant. Both he and the company stand accused of falsely promising investors a safe investment with high returns. Bankrupt Crypto Lender Celsius Accused by SEC of […]