Sam Bankman-Fried, once hailed as a crypto visionary, has been sentenced to 25 years in prison for his role in the massive fraud at the now-defunct crypto exchange FTX. His sentencing, however, concludes only a chapter in what has gone down as one of the greatest collapses in financial history. ...
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
The ongoing criminal trial of FTX founder Sam Bankman-Fried, known as SBF, took a dramatic turn on October 11, 2023, as new allegations of bribery and deception emerged. Former Alameda Research CEO Caroline Ellison testified against Bankman-Fried, claiming that he had attempted to unfreeze $1 billion in Alameda funds in ...
In a startling development, FTX Debtors have initiated legal proceedings against the parents of Sam Bankman-Fried (SBF). The debtors noted that the action was aimed at recovering substantial amounts of funds that could affect the Chapter 11 bankruptcy process for the embattled exchange. According to court documents filed late on ...
Former FTX CEO, Sam Bankman-Fried, is now facing additional charges from the US Department of Justice (DoJ) over alleged involvement in leaking Caroline Ellison's private diary to The New York Times. The newspaper published an article on July 20, 2023, discussing the contents of Ellison's personal writings, which are expected ...
FTX Debtors, released their second investigative report on June 26, 2023, and it contains allegations of misappropriation of funds and extravagant spending on unrelated projects by former executives of the bankrupt company. The report focused on the misuse of client funds and shed light on charitable contributions made through the ...
Sam Bankman-Fried, the co-founder of FTX, will face the original eight counts brought against him by American prosecutors in his criminal case, according to court documents filed on June 14, 2023. The U.S. Department of Justice (DoJ) prosecutors informed district judge Lewis Kaplan of their intention to pursue the allegations ...
The free-to-play online game Storybook Brawl has announced that it will be shutting down its servers on May 1, 2023. The developers stated this via the game's official Twitter handle. They thanked the game’s fans for their support and added that they have 'exhausted all available options' to ensure that ...
Binance's Chief Strategy Officer, Patrick Hillman, has accused Samuel Bankman-Fried (SBF) of spreading false and discriminatory rumours about Binance's CEO, Changpeng Zhao (CZ), prior to the collapse of Bankman-Fried's cryptocurrency exchange, FTX. Hillman alleged that Bankman-Fried relied on portraying Zhao as an "evil Chinese" to carry out his scheme successfully, ...
Former FTX CEO, Sam Bankman-Fried (SBF)'s legal saga has taken a new turn as his lawyers and U.S. prosecutors reach a new bail agreement. A Reuters report revealed that on March 27, 2023, SBF's legal team and U.S. prosecutors reached a new bail agreement that would allow him to stay ...
