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New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank Deltec to Buy Tether: Bloomberg
19.2.2024
Bahamian bank Deltec is facing a new lawsuit claiming it provided a ‘secret’ line of credit to FTX fraudster Sam Bankman-Fried that allowed him to buy Tether, a February 17 Bloomberg report reveals.
The post New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank...
Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect
16.2.2024
Restitution paid to victims can be considered when sentencing, and judges in the Southern District of New York routinely impose shorter terms than guidelines suggest for white-collar cases
US Prosecutors Call for Hearing Amid Potential Conflict of Interests in Alex Mashinsky and SBF Cases
8.2.2024
The US government raised concerns about potential conflicts of interest in the ongoing criminal cases of FTX and Celsius Network founders Sam Bankman-Fried and Alex Mashinsky on February 6. The area of concern surrounds the legal representatives handling both cases. In a court filing, the...
SBF-Connected Billionaire Joe Lewis Pleads Guilty to Insider Trading Charges
25.1.2024
Billionaire Joe Lewis, who has connections to FTX founder Sam Bankman-Fried, pleaded guilty to insider trading charges in Manhattan federal court on Wednesday. Lewis is facing extensive prison time Lewis pleaded guilty to one count of conspiracy to commit securities fraud and two counts...
Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
17.1.2024
Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred
Former FTX CEO Sam Bankman-Fried Retains New Counsel, Files Notice in Federal Court Ahead of Sentencing
10.1.2024
Source: A Video Screenshot, YouTube / CBS News Former FTX CEO Sam “SBF” Bankman-Fried has informed the federal court that he has retained new counsel ahead of his sentencing hearing for seven criminal charges. Additionally, SBF’s legal team submitted a sealed document indicating...
DOJ’s Decision on SBF Case Outrages Crypto Industry — Coinbase Calls It ‘Miscarriage of Justice’
31.12.2023
The decision by the U.S. Department of Justice (DOJ) not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried (SBF) has outraged the crypto industry. Crypto exchange Coinbase calls the decision a “miscarriage of justice.” One lawyer opined, “Ask yourself why is this case...
DOJ Halts Second Trial Against FTX’s Bankman Fried, Citing Sufficiency of Initial Evidence and ‘Public Interest’
30.12.2023
On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman Fried Avoids Second Trial According to several...
Judge Kaplan Rejects Bankman-Fried’s Request for Sentencing Delay, Affirms March 2024 Date
21.12.2023
In a recent development in the high-profile case of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, a request for postponement of the sentencing hearing was firmly denied by U.S. District Judge Lewis Kaplan. Bankman-Fried’s legal team had sought a four to six-week...
Breaking: Global Settlement Reached in FTX Digital Markets Liquidation
19.12.2023
FTX struck a global settlement between its US and Bahamas bankruptcy proceedings in an attempt to jointly maximize creditor payouts. Image by Александр Поташев, Adobe Stock. The ongoing saga following the dramatic collapse of Sam Bankman-Fried‘s bankrupt cryptocurrency exchange FTX took...
SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination + More News
13.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination Bitfinex Analyst: Fed’s Rate Hike Pause May Be Seen...
SBF’s Lawyer Says FTX Founder was the “Worst” Witness he has Ever Seen, “Almost Impossible” to Win: Report
12.12.2023
A Stanford Law professor who worked on the landmark fraud trial of FTX founder Sam Bankman-Fried said he was the “worst person” he had ever seen do a cross-examination and called the odds of winning the case “almost impossible,” according to a new Bloomberg report. Mills roasts SBF Specializing...
BTC Dev Wants to ‘Fix’ Ordinal Inscription ‘Exploit,’ Blackrock Updates ETF Filing, and More — Week in Review
10.12.2023
BTC developer Luke Dashjr wants to “fix” Bitcoin Ordinal inscriptions, as he views them as exploitative, dividing the crypto community. In other news, in a spot bitcoin exchange-traded fund (ETF) filing update, monolithic asset manager Blackrock has noted the possibility of BTC being...
Binance, SBF, ETH and Gensler Get Mentions at Republican Presidential Debate
7.12.2023
Republican leadership contender Vivek Ramaswamy got the first crypto question
SBF Decides Against Filing Post-Trial Motions, Shifts Focus to Appeal
4.12.2023
The lawyers of disgraced FTX founder, Sam Bankman-Fried, have decided to not file any post-trial motions following his fraud conviction on November 2nd, according to a letter filed by his attorneys on December 1st. SBF’s potential appeal “After further consideration, we have decided not to file...
New Details Emerge about SBF’s Life in Prison
1.12.2023
A former inmate at the Brooklyn Metropolitan Detention Center has revealed details of Bankman-Fried’s life in prison leading up to his landmark fraud trial. SBF “extorted” Talking to crypto content creator, Tiffany Fong, former inmate Gene Borello claimed the FTX founder was at...
IRS Deals Devastating Blow to FTX With $24 Billion Tax Claim, Crypto Exchange Pushes Back
1.12.2023
FTX has challenged the potentially fatal tax claims levied by the IRS last month for $24 billion. Image by Michael O’Keene, Adobe Stock. According to a November 30 filing by FTX debtors, the IRS tax claims of $24 billion filed in early November are “completely unsubstantiated”...
Report: Bankman-Fried Struggles With Extortion Attempts Behind Bars in Brooklyn’s MDC
1.12.2023
Sam Bankman-Fried (SBF), previously a key figure in the crypto sphere, encountered a stark contrast to his past life at the Metropolitan Detention Center (MDC) in Brooklyn. Gene Borrello, a past mob enforcer for the Bonanno crime family, shared insights with journalist Tiffany Fong about the daily...
How Do You Know If Crypto is Trustworthy? Find Out What’s At Stake.
29.11.2023
The scandals of recent years have taken a profound toll on the credibility and trust of the cryptocurrency sector. However, with the SBF trial behind us, Binance’s settlement with the DoJ, and the promise of a Bitcoin ETF creating a positive buzz in the markets, it feels like the industry...
BlackRock meets with SEC over ETF, Binance’s new era begins and SBF loses release bid: Hodler’s Digest, Nov. 19-25
25.11.2023
BlackRock meets with SEC over Bitcoin ETF, Binance’s new era begins after settlement in the United States and Sam Bankman-Fried loses release bid