Gate News message, April 28 — U.S. District Judge Lewis Kaplan rejected Sam Bankman-Fried's request for a new trial on Tuesday, criticizing the former FTX CEO's new evidence as "baseless" and his claims as "wildly conspiratorial." Bankman-Fried had argued that newly discovered evidence

Gate News message, April 28 — On-chain detective ZachXBT alleged that WorldCoin (now World), a company founded by Sam Altman, launched WLD tokens with low circulation and high valuation, mirroring the model used by SBF and FTX. According to ZachXBT, the company distributed small amounts of WLD to us

Gate News message, April 23 — SBF, founder of bankrupt cryptocurrency exchange FTX, claimed in a post on his X account on April 22 that if the exchange's assets had not been liquidated following its November 2022 collapse, they would have been worth approximately $114 billion as of that

Gate News message, April 23 — Sam Bankman-Fried, former FTX CEO, withdrew his motion for a new trial on Wednesday in a letter to U.S. District Judge Lewis Kaplan, stating he does not believe he will receive a "fair hearing" on the matter from the judge. In his filing with the U.S. District Court fo

FTX's unliquidated stake values would total about $114B today, with Anthropic $82.3B, SpaceX $15B, Solana $5.1B, Cursor $3B, Robinhood $4.9B, and Genesis Digital $3.5B, per Cointelegraph. Abstract: If the FTX bankruptcy estate had retained its stakes, it would hold roughly $114 billion in assets, led by Anthropic and SpaceX, highlighting large unrealized gains across the portfolio, per Cointelegraph.

Hyperliquid founder Jeff Yan reviewed his experiences before creating Hyperliquid in an interview. He once ran a large anonymous trading team, Chameleon Trading, and used $10k to achieve significant growth. Due to dissatisfaction with the state of the crypto industry and the FTX event, Jeff decided to shut down Chameleon Trading and focus on building the decentralized exchange Hyperliquid.

Gate News message, on April 13, according to Onchain Lens monitoring, FTX/Alameda will unstake 198,426 SOL, worth $16.21 million.

FTX/Alameda sold 6.94 million DRIFT tokens through Wintermute, raising about $320k. This liquidation took place after the Drift Protocol suffered a $285 million hack. The 8.33 million DRIFT tokens Alameda received from early investments have since seen their current value drop sharply, with the initial investment value falling significantly.

Former FTX engineer Nishad Singh agreed to pay a $3.7 million penalty to the CFTC to resolve its regulatory issues stemming from the FTX collapse. This case highlights the growing accountability that regulators are demanding from the digital asset industry, as well as the importance of internal industry cooperation in reducing legal risk. Singh’s cooperation demonstrates the impact that transparency and compliance can have on the industry’s development, reminding executives that they must take legal responsibility seriously as they grow.

The identity of FTX founder Sam Bankman-Fried’s bail guarantors has been made public. It includes former dean of Stanford Law School Larry Kramer and research scientist Andreas Paepcke, and the total bail amount is $250 million. SBF faces multiple fraud charges, and the case is still pending.