Shocking Allegations in SBF Trial: Bribery, Deleted Messages, and Frozen Funds
Caroline Ellison, the former romantic partner of Sam "SBF" Bankman-Fried, the founder of FTX and former CEO of Alameda Research, claimed in her courtroom testimony that SBF bribed Chinese officials with a $150 million bribe to unfreeze $1 billion in funds locked in local exchanges. These funds, belo ...
CoinDesk Wins Gerald Loeb Award for Reporting on Sam Bankman-Fried’s Cryptocurrency Empire Collapse
CoinDesk has won a Gerald Loeb Award, a prestigious accolade in financial and business journalism, for its coverage of the collapse of Sam Bankman-Fried's cryptocurrency empire. The award, presented in the breaking news category, recognizes CoinDesk's reporting on the vulnerabilities within Alameda ...
Suspension of BitDAO Token Conversion by DAO Mantle: FTX and Alameda Research Involved
FTX and Alameda Research were planning to convert BitDAO tokens to Mantle. The Decentralized Autonomous Organization (DAO) Mantle has suspended the conversion. The DAO Mantle participants have proposed suspending the migration of BitDAO tokens. This was reported ...
Fed Issues Enforcement Action Order Against Farmington State Bank Over Improper Cryptocurrency Activities
The Fed issued an enforcement action order against Farmington State Bank. In 2022, the counterparty began conducting cryptocurrency transactions without notifying authorities. Then Alameda Research bought an $11.5 million stake in the organization. Th ...
IRS Files Lawsuits Worth $44 Billion Against Bankrupt Crypto Exchange FTX
The Internal Revenue Service (IRS) has filed lawsuits worth nearly $44 billion against bankrupt cryptocurrency exchange FTX and its affiliates. In total, the IRS has filed 45 lawsuits against companies, including West Realm Shires (the legal entity of FTX.US), Ledger Hold ...
IRS Files $44 Billion Lawsuit Against FTX and Affiliates for Unpaid Taxes
The exchange and its affiliates are accused of not paying taxes The biggest lawsuit is filed against Alameda Research, for $20.4 billion The IRS got the highest priority for refunds The IRS (Internal Revenue Service) filed 45 lawsuits against FTX and ...
OKX Returns $60 Million in Crypto Assets to Alameda Research Wallets
They have begun returning frozen assets And plan to transfer a total of $157 million in coins A couple of hours ago, OKX sent over $60 million in crypto assets to Alameda Research wallets. They conducted a total of 16 transactions in different cryptocurrencies. ...
FBI Searches Home of FTX Exchange Founder’s Associate Over Political Contributions
He is one of Bankman-Fried's closest associates He was involved in the creation of the exchange and served as co-CEO of the Bahamas unit Salame also received millions in royalties from Alameda Research, as did other members of top management In the ea ...
Founder of FTX Cryptocurrency Exchange Pleads Not Guilty to Bribery and Campaign Finance Charges
The founder of FTX, a bankrupt cryptocurrency exchange, has pleaded not guilty to 13 charges, including conspiring to violate campaign finance laws and bribing Chinese authorities. Sam Bankman-Fried, who previously denied eight fraud charges, will face trial in New York in October. In addition ...
Former FTX CEO Accused of Paying $40 Million in Bribes to Chinese Officials
Former FTX CEO Sam Bankman-Fried is facing accusations from the US Justice Department of paying $40 million in bribes to Chinese officials to unfreeze accounts linked to Alameda Research, FTX's investment arm. The Justice Department has released a revised indictment alleging that Bankman-Fried tr ...
FTX Recovers $400 Million from Hedge Fund in Bankruptcy Settlement
According to documents obtained by Reuters, the interim management overseeing the bankruptcy proceedings of cryptocurrency exchange FTX has come to a settlement agreement with Modulo Capital, a hedge fund based in the Bahamas. Under the agreement, Modulo will pay $404 million to FTX and relinquis ...
Investment company Jefferies explores alternatives to buy FTX
Media reports suggest that Jefferies, an investment company based on Wall Street, is considering purchasing FTX, a failing cryptocurrency exchange, and plans to return it to the forefront of the cryptocurrency industry. With over 40 potential buyers expected to participate in the auction for the ...
Founders and key employees of FTX received $3.2 billion in payments and loans
It seems that FTX, a cryptocurrency exchange, has been involved in a scandal in which its founders and key employees received large sums of money, mostly from a subsidiary of Alameda Research. The total amount received was $3.2 billion, with $2.2 billion going to FTX creator Sam Bankman-Fried. ...
Massive Withdrawals and Asset Movements from FTX and Alameda Research Affiliated Wallets Despite Ongoing Investigation
Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...
FTX Exchange Managers Find $8.9 Billion Shortfall in Client Funds
The FTX cryptocurrency exchange managers recently discovered that only $2.7 billion out of the expected $11.6 billion were available in their customers' accounts. The temporary administration of FTX.com and FTX US performed an inventory of almost all associated wallets, revealing a significant sh ...
Ex-Technical Director of Bankrupt FTX Pleads Guilty to Criminal Offenses and Will Cooperate with Investigation
"Former FTX Technical Director Pleads Guilty to Criminal Charges and Agrees to Cooperate with Authorities" Nishad Singh, an ex-technical director of the bankrupt cryptocurrency exchange FTX, has officially pleaded guilt ...