THE FALL OF FTX

FTX Exec's Wife Must Face Campaign Finance Charges

By Hailey Konnath

A New York federal judge Wednesday refused to throw out an indictment accusing crypto lobbyist Michelle Bond of campaign finance crimes, rejecting her argument that prosecutors previously promised her husband, a former FTX executive, that his guilty plea would mean she's in the clear.

Ex-FTX Chief Engineer Resolves CFTC Fraud Suit For $3.7M

By Rick Archer

The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.

Ex-NBA Vet Haslem Prepares To Exit Sprawling FTX Litigation

By Katryna Perera

Longtime Miami Heat forward turned NBA broadcaster Udonis Haslem has reached a settlement with investors over his alleged role in promoting the now-defunct FTX cryptocurrency exchange before its collapse in late 2022.

Ex-SDNY Chief Rejects Claim Of Broken FTX Plea Promise

By Pete Brush

Former interim Manhattan U.S. Attorney Danielle Sassoon told a federal judge Thursday that she never promised crypto lobbyist Michelle Bond any kind of no-prosecute deal as the government negotiated a guilty plea with Bond's husband, former FTX executive Ryan Salame.

2nd Circ. Hints Bankman-Fried's $11B Forfeiture Is Overkill

By Elliot Weld

The Second Circuit suggested Tuesday that the government's $11 billion forfeiture order against Sam Bankman-Fried may be unconstitutionally large, noting that the staggering amount tops the raft of cases tasking the court with determining if such money judgments pass Eighth Amendment muster.

FTX Customers Aim To Beef Up Case Against Fenwick & West

By Jack Karp

New information that has emerged since customers of the now-collapsed cryptocurrency trading platform FTX Trading Ltd. sued Fenwick & West LLP over the firm's alleged role in that collapse justifies updating the complaint against the firm, those customers told a Florida federal court Monday.

Rising Star: Sullivan & Cromwell's Benjamin Beller

By Ben Zigterman

Benjamin Beller of Sullivan & Cromwell LLP helped defunct cryptocurrency exchange FTX through its Chapter 11 case and its disputes with other crypto debtors that culminated in a $14 billion-plus reorganization plan, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

Judge To Weigh If FTX Prosecutors Broke Plea Promise

By Pete Brush

A Manhattan federal judge said Monday he will investigate an allegation by crypto lobbyist Michelle Bond that she was charged with campaign finance crimes despite a promise that a guilty plea by her husband, former FTX executive Ryan Salame, would leave her in the clear.

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