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US gov’t points to Gary Wang’s 'outstanding cooperation’ in FTX case
13.11.2024
Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect “potential illegal activity” in crypto markets if sentenced to time served
FTX filed for bankruptcy 2 years ago — What’s happening now?
11.11.2024
The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end
FTX Sues Binance, Former CEO CZ for $1.8B
11.11.2024
The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent
FTX Founder Sam Bankman-Fried’s Girlfriend Gets 2 Years In Prison, $11B Penalty
24.9.2024
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried, has been…
SEC says it could challenge FTX crypto repayment plan
2.9.2024
The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets
In prison and awaiting sentencing — Where are the FTX execs now?
29.8.2024
Sam Bankman-Fried faces 25 years behind bars, while the fate of four others indicted in the case has largely yet to be determined
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
18.6.2024
FTX's victims are seeking a court hearing to rule on their claim that all the failed crypto exchange's forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate
FTX victims go after company’s assets from criminal forfeiture
17.6.2024
Though Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are making claims on the firm’s assets, which are still worth millions
Ex-FTX CEO ends up in Oklahoma prison despite request from judge
23.5.2024
Records show Sam Bankman-Fried was in the Federal Transfer Center in Oklahoma City, suggesting authorities may still transfer him to a prison in California
Disgraced FTX Founder Sam Bankman-Fried is Being Transferred to California Prison
23.5.2024
Sam Bankman-Fried, sentenced to 25 years for financial fraud, is being moved to a federal correctional facility in California despite his request to stay in New York for appeal preparations.
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US authorities will transfer SBF to California prison: Report
22.5.2024
The former FTX CEO has been housed in a cell at the Metropolitan Detention Center in Brooklyn since a judge revoked his bail in August 2023
US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame
22.5.2024
Prosecutors argue that former FTX executive Ryan Salame's crimes warrant a substantial prison term, beyond the 18 months previously requested by his lawyers, with sentencing scheduled for May 28.
The post US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame appeared first on Cryptonews
Former Alameda Research CEO Sam Trabucco Defends FTX Exec Ryan Salame Ahead Of Sentencing
17.5.2024
Sam Trabucco, the once co-CEO of Alameda Research, has spoken out in support of FTX executive, Ryan Salame, ahead of his sentencing on May 28, an updated court filing reveals. Salame has largely kept out of the spotlight since FTX's collapse and is facing a maximum of 10 years in prison for...
FTX Gets Backlash Despite Planned Full Repayment Plus Interest
15.5.2024
FTX is planning to repay customers, but the plan is facing a backlash from creditors. The plan involves paying creditors in US dollars based on their account value at the time of FTX's collapse, not the current market value of their crypto holdings. This has caused outrage among creditors who feel t...
Sam Bankman-Fried, Commodities Trader Behind Bars: Former FTX CEO’s Prison Life While Awaiting Appeal
10.5.2024
Sam Bankman-Fried, former FTX CEO, discusses prison life and maintains his innocence after a 25-year fraud sentence.
The post Sam Bankman-Fried, Commodities Trader Behind Bars: Former FTX CEO’s Prison Life While Awaiting Appeal appeared first on Cryptonews
Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ
2.5.2024
Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million for a gold pocket watch recovered from the body of the Titanic’s richest passenger, The Wall Street Journal has reported
Proposed Settlement: Crypto Users Weigh Dropping Lawsuit Against Sam Bankman-Fried
20.4.2024
A group of cryptocurrency users involved in a class-action lawsuit against former FTX CEO Sam Bankman-Fried has recently reached a proposed settlement.
The post Proposed Settlement: Crypto Users Weigh Dropping Lawsuit Against Sam Bankman-Fried appeared first on Cryptonews
Legal Experts Explain Why Sam Bankman-Fried’s 25-Year Prison Sentence Is Fair
4.4.2024
Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds...
Sam Bankman-Fried Deserves a Life After Prison
28.3.2024
He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented
Sam Bankman-Fried Submits Last Minute Letters Of Support In Hopes Of Sentence Leniency, Court Filings Show
27.3.2024
Sam Bankman-Fried’s (SBF) legal team has submitted several last-minute letters of support on behalf of the FTX founder before his sentencing on Thursday, court documents filed Wednesday reveal. He is facing a total of over 100 years in federal prison.
The post Sam Bankman-Fried Submits Last Minute...