The current CEO of FTX, John Ray, has disputed the former CEO Sam Bank Fried’s assertion that there was “zero” harm to customers during the platform’s collapse in 2022, labeling the claim as…
In its letter to District Judge Lewis Kaplan on Tuesday, the legal team behind the disgraced FTX founder Sam Bankman-Fried has contested the sentencing recommendation put forth by the Department of Justice last…
In a fiery victim impact statement, FTX’s chief executive accused the crypto company’s disgraced founder Sam Bankman-Fried of peddling “categorically, callously, and demonstrably false” claims about customer losses while showing no remorse for…
Key Takeaways Prosecutors insist that Sam Bankman-Fried’s claim of effective altruism is irrelevant to his defense against fraud charges. Witness testimonies and evidence presented by the prosecution allegedly indicate that Bankman-Fried knowingly misused…
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It appears that the whole Bankman-Fried family was involved in misappropriating FTX funds. Crypto exchange FTX debtors have recently filed a complaint against former FTX CEO Sam Bankaman-Fried’s parents, Joseph Bankman and Barbara…
FSB is seeking to appeal witness tempering charges while the DOJ wants to exclude his expert witnesses. On August 28th, the United States Department of Justice (DOJ) filed a motion to exclude the…
Top Stories This Week Silvergate stock plunges after delayed filing raises doubts over future Silvergate made headlines this week after postponing the filing of its annual 10-K financial report, raising fears of an…
Top Stories This Week Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over…
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Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security…
It is believed that around 200 Congress members received political donations from Bankman-Fried and other FTX executives. FTX, a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund, aims to…
After Sam Bankman-Fried donated tens of millions of dollars to politicians throughout the 2022 midterm election cycle, the 30-year-old’s former company is asking for its money back. Recipients of the bankrupt exchange’s contributions…
The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and…
Following the arrest of former FTX CEO Sam Bankman-Fried (SBF), three prominent Democratic groups have reportedly decided to return over $1 million to investors that lost their funds due to misappropriation. On Dec….