FTX

FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors

FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
March 24, 2024  |  Artificial Intelligence

Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company...

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FTX CEO Slams Bankman-Fried’s ‘Nonexistent’ Remorse
FTX CEO Slams Bankman-Fried’s ‘Nonexistent’ Remorse
March 21, 2024  |  Legal & Regulation

FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction.  In a victim impact statement filed Wednesday (March 20) ahead of Bankman-Fried’s sentencing...

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Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
March 20, 2024  |  Legal & Regulation

Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a...

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Distressed Assets Buyer Attestor Battles Over FTX Claim
Distressed Assets Buyer Attestor Battles Over FTX Claim
March 18, 2024  |  Cryptocurrency

London-based financial firm Attestor is in a legal battle involving the bankruptcy of FTX. Attestor, known for its expertise in investing in distressed assets, bought FTX’s distressed...

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Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
March 15, 2024  |  Legal & Regulation

Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of...

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FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
February 28, 2024  |  Investments

Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. The Series A funding round values Backpack — whose offerings...

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Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
February 28, 2024  |  Legal & Regulation

Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” In a final bid for leniency, lawyers for the FTX founder are calling for...

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Investors Chase Visible Impact With AI and Web3 Infrastructure Investments
Investors Chase Visible Impact With AI and Web3 Infrastructure Investments
February 23, 2024  |  Investments

When it comes to the venture capital landscape, every year — and strategy — is different. Nearly no other investor segment deals with more reckonings...

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