A U.S. federal court has finalized the forfeiture of $1 billion in assets from Sam Bankman-Fried, the disgraced co-founder of FTX, marking a major step in efforts to compensate victims of the exchange's collapse. The ruling, issued on February 19, 2025, by the U.S. District Court for the Southern District ...
Speculation is growing about the possibility of a presidential pardon for Sam Bankman-Fried (SBF), the disgraced founder and former CEO of the collapsed crypto exchange FTX. The conversation gained traction following comments by tech mogul Elon Musk on an X post suggesting an early pardon for Bankman-Fried. "I will be ...
United States prosecutors are pushing to seize nearly $18.5 million worth of cryptocurrencies linked to alleged bribes paid by FTX co-founder Sam Bankman-Fried to Chinese officials. A November 12 court filing in the New York District Court alleges that the funds, currently in a Binance account, were initially valued at ...
According to Coinbase CEO Brian Armstrong, cryptocurrency would usher in a future where the global financial system is more efficient, fair, and accessible. In an interview with the Wall Street Journal earlier this week, Armstrong shared his optimistic vision for the future of cryptocurrency, a future where a significant portion ...
FTX and its new management have initiated legal action against its former CEO, Sam Bankman-Fried, co-founder Zixiao Wang, and former senior employee Nishad Singh regarding the controversial $220 million acquisition of stock-clearing platform Embed. The lawsuit alleges that FTX acquired Embed through its American subsidiary without conducting adequate due diligence ...
