Sam Bankman-Fried

Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court.The $873 million in assets will be source ...

Last week, the legal drama featuring the world’s largest crypto exchange and United States law enforcement ended with a plea deal. Binance and Changpeng “CZ” Zhao have admitted violating U.S. Anti-Money Laundering laws, agreeing to pay $4.3 billion in fines. CZ resigned as CEO of Binance as part ...

The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in ...

FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction.In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried&rsq ...

A mix of highly influential and controversial entrepreneurs make up the latest list of the ten most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng ‘CZ’ Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing& ...

Bankrupt crypto companies FTX and BlockFi have been allowed to proceed in negotiations for their claims settlement, according to a new court filing.On Nov. 13, United States bankruptcy judge Michael Kaplan ordered the end of an automatic holding placed on proceedings between the two firms. ...

An employee of FTX’s charity wing recruited by FTX co-founder Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus.Ross Rheingans-Yoo's lawyers argued in a Nov. 13 court filing that only $375,000 of his $650,000 bonus was paid by FTX. They ...

Several former FTX executives have teamed up to help build a new cryptocurrency exchange in Dubai with a specific focus on what FTX failed to do — secure customer funds.Ex-FTX lawyer Can Sun is leading the way with Trek Labs, a Dubai-based startup that received a license to offer cry ...

A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived. Altcoin season, or ‘altseason’ as the crypto bros say, typica ...

Lawyers handling the FTX bankruptcy case are considering offers that could eventually lead to a relaunch of the troubled exchange.At an Oct. 24 hearing of the United States Bankruptcy Court in the District of Delaware, Kevin Cofsky of Perella Weinberg Partners revealed he is negotiating wi ...

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and on ...

Lawyers representing the $116 million Mango Markets exploiter have convinced a judge to postpone the fraud trial until April 8, 2023.Avraham Eisenberg’s fraud trial was set to commence on Dec. 4 but several circumstances impacted his trial preparations, according to his lawyers, who ...

Sam Bankman-Fried was found guilty of all seven counts of fraud and conspiracy to commit fraud in the late hours of Nov. 2. The jury delivered its verdict in less than 10 minutes after nearly 4 hours of deliberation, leaving his parents to fall silent in the crowded courtroom at the Southern Dist ...

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of the Artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in. Creditors ...

The now-infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout. Speaking exclusively to Cointelegraph at the latest edition of the Solana Breakpoint conference hosted in Amsterdam, So ...

Sam Bankman-Fried is back in his federal prison cell in Brooklyn after being found guilty for all seven charges in his criminal trial. His lawyers however, say the fight isn’t yet over.Bankman-Fried’s attorney Mark Cohen said in a Nov. 2 statement that Bankman-Fried “main ...

Former FTX CEO Sam Bankman-Fried has been found guilty of all of the seven charges in his criminal trial by a jury in New York.Bankman-Fried was found guilty of two counts of wire fraud and two counts of wire fraud conspiracy along with one count of securities fraud, one count of commoditi ...

The government presented its rebuttal against Sam Bankman-Fried on Nov. 2 in response to statements made by his defense during the closing arguments a day earlier.A jury of 12 will receive final instructions in the Southern District Court of Manhattan on Nov. 2, with a verdict expected by ...

Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the cryptocurrency.Fam I have something embar ...

Federal prosecutors claimed Sam "SBF" Bankman-Fried “doubled down” on the use of customers’ funds when he purchased Binance’s $2 billion stake in FTX in 2021. According to U.S. government attorneys, Bankman-Fried paid for the buyout with funds from FTX customers.The prosecution is deliveri ...

Sam "SBF" Bankman-Fried’s trial has entered the final stages, with the prosecution delivering its closing arguments in the case on Nov. 1.Closing arguments are the last opportunity for lawyers to convince the jury and judge that they should win the case. Prosecutors had previously estimate ...

The ongoing criminal trial involving FTX founder Sam Bankman-Fried (SBF) will move into closing arguments on November 1. On Day 15 of the SBF trial, lead defense attorney Mark Cohen's request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to clos ...

Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s te ...

Despite publicly supporting drafting crypto regulation to protect customers, disgraced crypto exchange FTX founder Sam Bankman-Fried (SBF) appears to have shared a deep disdain for regulators.During the ongoing FTX criminal trial, Assistant U.S. Prosecutor Danielle Sassoon inquired if the ...

Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making "big mistakes" during the companies’ fast-paced growth.  ...

Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report.Google invested $500 million upfront into Anthropic, a rival to ChatGPT creators OpenAI, and will pay off the remaining $1.5 billion over time, a ...

Sam “SBF” Bankman-Fried’s defense attorney Mark Cohen heard testimony from the former FTX CEO on his relationship with Caroline Ellison and political donations from the crypto exchange.According to reports from the courtroom on Oct. 27, Bankman-Fried claimed not to have discussed donations ...

The jury overseeing the criminal trial of Sam “SBF” Bankman-Fried listened to the former FTX CEO’s testimony for the first time, which involved largely denying knowledge of fraudulent activities at the crypto exchange.According to reports from the New York courtroom on Oct. 27, Bankman-Fri ...

Defense attorneys representing Sam “SBF” Bankman-Fried questioned the former FTX CEO in front of a jury for the first time as they prepared to rest their case.According to reports from the New York courtroom on Oct. 27, Bankman-Fried denied defrauding FTX customers during his time leading ...

Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors, who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research. According to reports from the ...

The possible contents of Former FTX CEO Sam Bankman-Fried upcoming testimony have been outlined in a letter to Judge Kaplan by his lawyer, Mark Cohen.In the letter submitted by Mark Cohen, to inform the Court of their planned testimony during Mr. Bankman-Fried’s direct examination, th ...

Sam Bankman-Fried will be no match for government prosecutors who will poke holes in his defense when he takes the stand in his criminal trial, says SkyBridge Capital founder Anthony Scaramucci.In an Oct. 25 interview on CNBC’s “Last Call,” Scaramucci said the Department of Justice prosecu ...

Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the ...

Sam Bankman-Fried (SBF) had a lot going against him well before the start of his criminal trial: the ire of many in the crypto space, suspicion from United States policymakers, and negative attention from some in the media looking for clickbait angles to associate with the former FTX CEO.  ...

Former FTX CEO Sam “SBF” Bankman-Fried will testify as part of his defense case, said his attorney Mark Cohen.In an Oct. 25 telephone conference between SBF’s lawyers, prosecutors, and Judge Lewis Kaplan, Cohen said following the prosecution completing the presentation of its case on Oct. ...

FTX Trading Ltd., formerly a prominent player in the cryptocurrency exchange sector, is carefully considering its future after going through bankruptcy proceedings. According to a report, during a court hearing in Wilmington, Delaware, Kevin M. Cofsky, the company's investment banker ...

Sam Bankman-Fried instructed FTX's former general counsel Can Sun to "come up" with any legal explanation for the $8 billion hole in Alameda Research's books, according to Sun's testimony in court on Oct. 19.Sun flew from Japan to testify in the ongoing trial as part of his non-prosecution ...

In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge to inform the jury that the defendant's assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces allegations of misappropriating billions of dollars from FTX customers for ...

Lawyers representing former FTX CEO Sam “SBF’ Sam Bankman-Fried conducted their cross-examination of Nishad Singh, pressing the former engineering director on events leading to Alameda Research using funds from the crypto exchange.According to reports from the courtroom on Oct. ...

Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.On Oct. 17, FTX debtors said they reached a “major milestone” in ...

Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors.According to reports from the criminal trial of Sam “SBF” Bankman-Fried on Oct. 16, Singh revea ...

On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to ...

Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellison admitted to fraud during her time as CEO at Alameda under Bankman-Fried’s d ...

Former FTX engineering director Nishad Singh reportedly told a New York courtroom that former CEO Sam “SBF” Bankman-Fried had a habit of deciding on purchases through Alameda Research by himself.According to reports from SBF’s criminal trial on Oct. 16, Singh said while C ...

FTX co-founder Sam Bankman-Fried has asked a United States judge for long-release Adderall, saying he’s finding it hard to concentrate properly during his criminal trial.In an Oct. 15 letter to New York District Judge Lewis Kaplan, Bankman-Fried’s lawyers asked if Bankman-Fried ...

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 ...

On the third day of the trial of Sam Bankman-Fried (SBF), founder of FTX, several revelations came to light. One significant revelation was that SBF urged his employees to use the Signal app and set the auto-delete feature for their messages, emphasizing that keeping messages had downsides. Adam ...

Sam Bankman-Fried, facing charges of wire fraud, money laundering, and conspiracy, arrived 30 minutes late for the first day of his trial. He is accused of misappropriating customer funds from FTX. The trial started with neither the government prosecutors nor Bankman-Fried's defense team having rece ...

The Department of Justice (DOJ) has clarified that the lack of a clear U.S. legal framework for cryptocurrencies does not hinder the prosecution of fraud charges against FTX founder Sam Bankman-Fried. Bankman-Fried's trial began with allegations that he misappropriated customer funds from FTX, to wh ...

The high-profile trial of former FTX CEO Sam Bankman-Fried commenced on October 3, attracting significant attention both inside and outside the Manhattan courtroom. Here are some notable observations and details from the first day of the trial: Bankman-Fried's Physical Appearance: ...

A new biography by Michael Lewis has brought forward allegations of mismanagement at the FTX cryptocurrency exchange and revealed some intriguing details about its founder, Sam Bankman-Fried. In an interview on CBS's 60 Minutes, Lewis disclosed that Bankman-Fried regarded the missing billions of dol ...

Sam Bankman-Fried, the founder of the failed crypto exchange FTX, reportedly explored the idea of paying Donald Trump $5 billion not to run for the presidency. This revelation comes from Michael Lewis, the acclaimed author of books like "The Big Short" and "Flash Boys," during a CBS interview. Ac ...

Former FTX CEO Sam Bankman-Fried reportedly explored the idea of paying Donald Trump not to run for the United States presidency. According to Michael Lewis, the author of "Going Infinite: The Rise and Fall of a New Tycoon," this proposal emerged during his interviews and discussions with Bankman-Fr ...

Effective altruism, an ethical philosophy that encourages people to make as much money as possible to give it away later for charitable purposes, played a role in the decision-making processes at crypto exchange FTX, leading to what some described as "increasingly risky and ridiculous" actions. Adit ...

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 ...

The former CEO of FTX, Sam Bankman-Fried, is scheduled to appear in court for a criminal trial lasting approximately 21 days. The trial is set to commence on October 4 and conclude on November 9, according to a recently released trial calendar. The calendar includes jury selection beginning on Octob ...

FTX Founder Sam Bankman-Fried's Trial and Potential Sentencing FTX founder Sam Bankman-Fried is set to stand trial next week in a case related to the operation and collapse of FTX and its affiliated hedge fund, Alameda Research. He faces multiple charges, including wire fraud, co ...

As the eagerly awaited trial of Sam Bankman-Fried (SBF) draws near, a host of pressing questions has taken center stage. Among these questions, one stands out prominently: What role, if any, do Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried, play in this high-stakes legal battle? J ...

In South Korea, a recent report from the country's tax organization, the National Tax Service (NTS), highlights the dominance of cryptocurrencies like Bitcoin (BTC) among reported overseas assets. The NTS issued an official announcement on September 20, revealing that 1,432 individuals and corpor ...

Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam Bankman-Fried (SBF) following a bidding war.According to a Sept. 7 report from The Ankler, Apple secured the rights to the book Going Infinite: ...

Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his criminal trial.In a Sept. 6 filing in the United States Court of Appeals for the Second Circuit, Clerk of the Court Catherine O’Hagan Wolfe said a circuit judge had deni ...

The United States Attorney's Office has filed an affirmation of the denial of bail to former FTX CEO Sam Bankman-Fried, claiming that he could attempt witness tampering, and stating that no release conditions would assure the safety of the witnesses. Prosecutors responded to several claims made i ...

Sam Bankman-Fried, the founder and former CEO of defunct cryptocurrency exchange FTX, has filed a memorandum on Sep. 1 asking the court to deny the prosecutor’s in limine requests. The memorandum, penned by SBF’s lawyer Mark Cohen, calls the requests filed by the United States Departm ...

A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana (SOL) network to Ethereum, sparking concerns it could be the beginning of a series of token dumps amid the exchange’s bankruptcy proceedings. According to data from block ...

FTX Debtors have disclosed a series of financial statements revealing any transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022.In a recent court filing with the United States Bankruptcy Court for the District of De ...

Cryptocurrency and stock trading platform Robinhood has announced the purchase of more than 55 million shares of the firm previously held by former FTX CEO Sam Bankman-Fried.According to an Aug. 31 blog post, Robinhood completed a purchase of 55,273,469 shares for roughly $606 million foll ...

As the start date of the trial of FTX co-founder Sam Bankman-Fried (SBF) approaches, new court filings indicate that SBF could pay his expert witnesses more than $1000 an hour should they testify on his behalf.SBF may call seven expert witnesses to testify at his fraud trial that is curren ...

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have reportedly not asked for a different trial date in order to prepare, but a federal judge has offered a limited window to do so.According to an Aug. 30 X thread from Inner City Press, Judge Lewis Kaplan said the deadli ...

The lawyers representing the United States Department of Justice (DOJ) filed a new court document late on Aug. 29 arguing that Sam Bankman-Fried should provide additional disclosures to his planned defense. The document called the current proposed argument, which claims his lawyers ap ...

The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses for Sam Bankman Fried banned from testifying in court. In the motion, the DOJ claims SBF’s proposed experts and their accompanying disclosures “suffer from an array of def ...

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, B ...

United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried. The lengthy 100-page Aug. 21 filing breaks down how prosecutors would like presiding Judge Lewis Kaplan to instruct the jury in Bankman-Fried’s case ...

Seven days following the Department of Justice's bail revocation for disgraced FTX founder Sam Bankman-Fried, he is now seeking permission to spend five weekdays outside to collaborate with his legal team on his defense case. According to a letter sent to US District Judge Lewis Kaplan on Fri ...

Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witn ...

Former FTX CEO Sam Bankman-Fried is going into his third night with over 1,500 other inmates in one of New York’s most notorious jails — a far cry from his parents’ multimillion-dollar five-bedroom home in Stanford.The FTX co-founder had his bail revoked at an Aug. 11 hea ...

A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses.According to reports of individuals present at an Aug. 11 hearing in the United States Distric ...

FTX’s former primary counsel Fenwick & West LLP has been hit with a class-action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.An Aug. 7 filing by a group of FTX customers in a California District Court alleged the law firm set up several “shadowy enti ...

The New York Times has submitted a filing in the criminal case against former FTX CEO Sam “SBF” Bankman-Fried, arguing the court should defend First Amendment rights by allowing certain parties to provide information to members of the media.In an Aug. 2 letter to Judge Lewis Kaplan of the ...

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.In an Aug. 1 letter to Judge Lewis Kaplan, Bankman-Fried’s lawyers claimed the prosecution’s attempt to ...

Crypto Twitter has been abuzz with debate after a new conspiracy theory has suggested FTX founder Sam Bankman-Fried may be secretly behind one of the most controversial new memecoins on Base.The BALD memecoin, which draws its namesake from a humorous reference to Coinbase CEO Brian Armstro ...

Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘“SBF,” have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison.In a July 27 filing in the United States District Cou ...

United States prosecutors are expected to drop a charge against FTX co-founder Sam Bankman-Fried that alleged he haconspired to make unlawful campaign contributions.In a July 26 letter to District Court Judge Lewis Kaplan, U.S. Attorney Damian Williams said the government was informed ...

A federal judge overseeing the criminal case against Sam Bankman-Fried, also known as "SBF," will reportedly consider revoking the former FTX CEO’s $250 million bail based on allegations of intimidation against Caroline Ellison. In a July 26 hearing in United States District Cou ...

Former FTX CEO Sam Bankman-Fried has agreed to a gag order preventing him from making comments to third parties that may interfere with his trial — but argues other potential witnesses should be gagged as well, including current FTX CEO John Ray.The gag order against Sam Bankman-Fried was ...

Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to survive a global catastrophe using funds from the now-defunct cryptocurrency exchange.According to a July 20 filing with the United States Bankruptcy Court for the District of Delaware, Gabriel planned to ...

FTX has sued former CEO Sam Bankman-Fried and other former key executives from the now-bankrupt crypto exchange to recover more than $1 billion in allegedly misappropriated funds. A July 20 complaint filed in a United States Bankruptcy Court named former Alameda Research CEO Caro ...

Former FTX CEO Sam Bankman-Fried wants to be able to have his “close friends” visit him at his parent's home without them being subject to security checks. In a July 13 letter to New York District Court Judge Lewis Kaplan, lawyers representing Bankman-Fried requested the judge ...

The sponsorship deal between defunct cryptocurrency exchange FTX and Taylor Swift was reportedly called off at the request of former CEO Sam Bankman-Fried (SBF), and not the singer-songwriter as many reports have suggested.According to a July 6 report from the New York Times citing three i ...

Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card.In the July 4 “Ope ...

Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange.According to a June 28 report from The Wall Street Journal, FTX restructuring chief John Ray said the company had “begun the process of soliciting interested parties to the reboot of the FTX.co ...

FTX has filed a lawsuit against a former regulatory and compliance executive at the exchange, alleging he made a series of payments attempting to prevent staff from blowing the whistle about the exchange’s issues.On June 27, FTX filed a lawsuit against Daniel Friedberg who held multiple ro ...

The sale of FTX's $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange's efforts to fill a $2 billion hole remaining in its balance sheet.Citing people familiar with the matter, Bloomberg&n ...

A federal judge overseeing the case against former FTX CEO Sam Bankman-Fried (SBF) has denied motions from his legal team seeking to dismiss all but three criminal charges against him.In a June 27 filing in the United States District Court for the Southern District of New York, Judge Lewis ...

Sam Bankman-Fried, the co-founder of FTX, has been denied his request to obtain documents from a Silicon Valley law firm, Fenwick & West LLP, as part of his defense strategy in his ongoing federal fraud case, Bloomberg reported. Bankman-Fried had hoped to use thes documents to support his cla ...

Michigan Representative Bill Huizenga, who chairs the United States House Oversight and Investigations Subcommittee, has called out the Securities and Exchange Commission (SEC) for its failure to produce appropriate documents related to the timing of the charges and arrest of former FTX CEO Sam B ...

An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO, Sam Bankman-Fried, in Washington, D.C.’s Capitol Hill neighborhood.According to an updated posting on Realtor.com, the D.C. property was listed ...

Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for his alleged mismanagement of the crypto exchange.Bankman-Fried is facing a total of 13 charges relating to fraud, fraud conspiracy and bribery. A trial for all ...

The United States securities chair has hinted at “parallels” between crypto exchange Binance and collapsed exchange FTX — namely their alleged use of sister firms to move funds. Speaking to Bloomberg on June 6, the U.S. Securities and Exchange Commission chair Gary G ...

Former FTX CEO Sam Bankman-Fried claims prosecutors have missed discovery deadlines for key pieces of evidence required in the defense of a raft of fraud charges.On June 5, Bankman-Fried’s lawyers told United States District Judge Lewis A. Kaplan in a letter that the government had not tur ...

The Metropolitan Museum of Art is set to return $550,000 in donations it received from crypto exchange FTX prior to its collapse in November.The New York-based museum confirmed its intention to repay the funds to FTX debtors in a filing to the United States Bankruptcy Court in Delaware on ...

Crypto influencers are taking an extra cautious approach to endorsement deals since the collapse of crypto exchange FTX last year, which has seen several celebrities hit with a lawsuit for their alleged role in its promotion. In March, a $1 billion class-action lawsuit was filed alleg ...

Federal prosecutors have called the arguments of Sam Bankman-Fried, founder of the bankrupt FTX crypto exchange, demanding that several charges against him be dismissed. In early May, Sam Bankman-Fried filed a motion with the court to dismiss 10 of the 13 charges, which i ...

The U.S. Department of Justice sent letters to members of Congress asking them to voluntarily return funds received from the bankrupt cryptocurrency exchange FTX. The office of Republican Senator Bob Latta of Ohio confirmed receiving a letter from the DOJ. In October 2 ...

Founder of the bankrupt cryptocurrency exchange FTX Sam Bankman-Fried asked the court to drop most of the criminal charges related to the collapse of the site. Sam Bankman-Fried has filed a motion to dismiss 10 of the 13 charges he faced, including fraud, conspiracy and b ...

The FBI recently conducted a thorough search of the Maryland home of former CEO of FTX Digital Markets, Ryan Salame, for undisclosed reasons. It is suspected that the search is related to Salame's close working relationship with Sam Bankman-Fried, the founder of the now-collapsed FTX exchange who ...

Lawyers representing the class action lawsuit against FTX, a bankrupt crypto exchange, have finally managed to serve court papers to Shaquille O'Neal, the four-time NBA champion, after months of failed attempts. The law firm, led by attorney Adam Moskowitz, had initially requested to serve legal ...

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 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 ...

During a discussion of Galaxy Digital's Q4 results from last year, CEO Michael Novogratz expressed surprise at regulators' focus on cryptocurrency while neglecting the field of artificial intelligence (AI). He criticized the "totally inadequate" regulation of cryptocurrencies by US authorities, p ...

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 ...

A cryptocurrency blogger who is passionate about the digital currency world recently announced that there has been a significant increase in the value of the first currency, Bitcoin, since the host of CNBC's MadMoney program advised people to sell their Bitcoins a few days ago. Despite Jim Cramer ...

Jim Cramer, the popular financial news columnist and host of Mad MoneyGram, has recently announced his decision to sell his bitcoins, despite the growing mistrust in banks and the traditional financial system. Cramer discussed the recent bankruptcy of major US banks, Silicon Valley Bank (SVB) and ...

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 ...

"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 ...