Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»FTX Group Pays $25 Million to Settle Whistleblower Claims, Including Allegations of Market Manipulation: Investigator Report
ADOPTION NEWS

FTX Group Pays $25 Million to Settle Whistleblower Claims, Including Allegations of Market Manipulation: Investigator Report

By Crypto FlexsMay 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
FTX Group Pays  Million to Settle Whistleblower Claims, Including Allegations of Market Manipulation: Investigator Report
Share
Facebook Twitter LinkedIn Pinterest Email

Bankrupt cryptocurrency exchange FTX paid more than $25 million to seven anonymous whistleblowers who discovered problems at the company, according to an investigator’s report released Thursday.

One of the whistleblowers was described as an executive at FTX.US, according to a report filed Thursday by former Robert Cleary. Bankruptcy Judge John Dorsey appointed Cleary, who prosecuted the Unabomber case in the late 1990s, as examiner after the appeals court ruled. january FTX had to be investigated by an independent investigator.

The anonymous whistleblower said FTX Group “misled regulators and investors and lacked an appropriate corporate structure” including former CEO Sam Bankman-Fried, former FTX engineer Nishad Singh; I sent a letter to former FTX attorney Dan Friedberg.

“Soon after, Friedberg told Whistleblower-4 that he should not have written the letter, and especially should not have implied that FTX Group might not meet investors’ expectations. Friedberg also suggested that Whistleblower-4 apologize to Bankman-Fried .” the examiner wrote.

The whistleblower later resigned in September 2022 and agreed to a settlement of more than $16 million, according to the report.

Separately, another whistleblower who alleged market manipulation and insider trading settled for $1.8 million after working at FTX.US for less than two months with a salary of $200,000.

Another whistleblower was offered a $200,000 settlement after alleging market manipulation and a “concealment of relationships.”

The examiner noted that FTX Group did not have a current or complete list of employees at the time it filed for bankruptcy.

“A further complication is that FTX Group employees resigned informally, both verbally and through signals,” investigators said.

Several former employees, including the former president of FTX.US, resigned before the exchange collapsed. Brett HarrisonFormer co-CEO of Alameda to step down in September 2022 Sam TrabuccoResignation in August 2022.

FTX collapsed in November 2022 and has since been in bankruptcy proceedings, and a New York jury found Bankman-Fried a year later. feeling guilty It is one of seven criminal counts that defrauded FTX’s customers, lenders and investors. He was later sentenced to 25 years in prison.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

The chart pattern suggests that RWA -centered Altcoin is ready to rebound, and the cryptocurrency analyst says. His prospects are as follows:

January 26, 2025

HKMA

February 28, 2025

Layer 1 Blockchain Tokens Surging in 2024: Mantra (OM) Leads with 7,035% Growth

November 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.