NEW YORK, November 2, 2023: A jury in Manhattan found, Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, guilty on all seven criminal fraud counts against him. The trial is scheduled for March 28, 2024. The verdict came after a four-week trial in which prosecutors presented evidence that Bankman-Fried had defrauded investors and […]
NEW YORK October 12, 2023– Crypto lending firm Genesis Global Capital and the bankrupt cryptocurrency exchange FTX reached a settlement agreement worth $175 million, according to court filings on Wednesday, October 11. The settlement resolves a dispute between the two companies that arose after FTX filed for bankruptcy in November 2022. Genesis had extended loans […]
NEW YORK, NY, Tuesday, February 6, 2024 – Formerly prominent exchange FTX has officially abandoned its efforts to relaunch its platform. Restructuring advisers would need to examine the millions of claims that have been filed against FTX to weed out those that are not legitimate, Bloomberg News reported, citing Andrew Dietderich as saying this during […]
JACKSONVILLE, Fla. Monday, May 20, 2024- Some customers of failed cryptocurrency exchange FTX could be reimbursed for their lost funds, but they won’t see any potential gains accrued since the exchange’s collapse in November 2022. The company’s bankruptcy plan, awaiting court approval, proposes returning the value of lost holdings at the November date. This means […]
New York, Friday, September 29- A judge yesterday rejected a request by FTX founder Sam Bankman-Fried to be released from custody during his trial. Bankman-Fried is accused of defrauding cryptocurrency investors, and he faces up to 20 years in prison if convicted. Bankman-Fried’s lawyers had argued that he should be released on bail because he […]
New York, Monday, July 31 (1 Min Read) – Sam Bankman-Fried, the CEO of the cryptocurrency exchange FTX, may not have escaped campaign finance charges after all, reports said. Prosecutors had withdrawn a campaign finance charge ahead of Bankman-Fried’s criminal trial this October. The U.S. Department of Justice is not letting FTX founder Sam Bankman-Fried […]
LONDON, July 31, 2023- Sam Bankman-Fried, the CEO of the cryptocurrency exchange FTX, has surrendered Caroline Ellison’s personal writings to the court on July 27. Ellison is a former FTX employee who has accused Bankman-Fried of sexual harassment and discrimination. The writings, which reportedly include emails, text messages, and other documents that Ellison wrote about […]
NEW YORK, October 12, 2023 — Caroline Ellison, the former CEO of Alameda Research, testified on Thursday, October 12, against Sam Bankman-Fried in the FTX lawsuit in a federal court. Ellison is a cooperating witness in the government’s case against Bankman-Fried, who is charged with fraud and money laundering in connection with the collapse of […]
Says He and SBF created a backdoor for Alameda Research to get Unlimited Funds; Pleads Guilty. NEW YORK, Friday, October 7: Gary Wang, a co-founder of the cryptocurrency exchange FTX on October 6, 2023, pleaded guilty to fraud and testified against Sam Bankman-Fried in the ongoing trial against crashed FTX. Wang testified that he and […]