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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...
Ex-FTX exec Ryan Salame asks for no more than 18 months in prison
15.5.2024
The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial
Was Sam Bankman-Fried Proven Right About FTX’s Solvency?
10.5.2024
No
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
SBF maintains his innocence as he trades rice in jail
10.5.2024
FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well
FTX plans full pay back all creditors ‘plus billions in compensation’
8.5.2024
Under the plan, 98% of FTX creditors will get at least 118% of their claims back — the remainder will receive all of their claims “plus billions in compensation,” says FTX
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
Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
1.5.2024
One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in
As CZ Gets His Sentence, Michael Lewis Should Rewatch 'Star Wars'
1.5.2024
He likened FTX's Sam Bankman-Fried to Luke Skywalker and Binance's Changpeng Zhao to Darth Vader. Federal judges saw it differently
Dimon Doubles Down on Bitcoin Dislike, SBF to Aid Legal Action Against Celebrities, and More — Week in Review
28.4.2024
JPMorgan Chase CEO Jamie Dimon has reiterated his critical stance on bitcoin, labeling it a fraud and dismissing its potential as a legitimate currency. Former FTX CEO Sam Bankman-Fried has agreed to a settlement that involves cooperating with legal actions against celebrities linked...
FTX Estate Set To Auction Locked Solana Tokens, Figure CEO Mike Cagney Says
22.4.2024
The FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens, Figure CEO Mike Cagney alleged in a Saturday post to X.
The post FTX Estate Set To Auction Locked Solana Tokens, Figure CEO Mike Cagney Says appeared first on Cryptonews
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
22.4.2024
Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange
FTX Founder Bankman-Fried Agrees to Settlement, Aids Legal Action Against Celebrities
21.4.2024
In a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivotal moment in the extensive legal battles...
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
Looking at Sam Bankman-Fried's Appeals Process
17.4.2024
As expected, Sam Bankman-Fried's legal team filed a notice of his intent to appeal his conviction on fraud and conspiracy charges. So far all we have is just the notice – the actual brief won't come for some time yet
Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF
15.4.2024
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley...
Sam Bankman-Fried Files Notice of Appeal, Challenges Conviction and Sentence
12.4.2024
Former FTX CEO Sam Bankman-Fried formally lodged an appeal against both his conviction and sentence with the District Court for the Southern District of New York (SDNY) on Thursday. Bankman-Fried’s legal representatives had anticipated this move, having previously requested that he remain at...
FTX Founder Sam Bankman-Fried Appeals Fraud Conviction
11.4.2024
FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so
Judge to Sentence Former FTX Executive Ryan Salame in Late May
10.4.2024
Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per the judicial records, Ryan Salame, once...
Is the Sam Bankman-Fried Story Over?
10.4.2024
Last month, I attended Sam Bankman-Fried's sentencing hearing. Not that anyone asked, but I have some thoughts