BlockFi Sues SBF for Forfeiture of $575 Million Worth of Shares in Robinhood

Nov 29,2022
KingData News: Defunct cryptocurrency company FTX announced today that it would resume "ordinary course payments" of salary and benefits to employees worldwide and certain non-U.S. contractors. The announcement comes a week after FTX's legal counsel filed a motion to pay compensation, benefits, and relief to its employees and vendors. In the motion, FTX said that the company would not pay anything to Sam Bankman-Fried, Gary Wang, Nishad Singh, Caroline Ellison, or "any who have a familial relationship."
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.
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