Bitcoin News / Bitcoin.com - 1 year ago
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.̶...
Bitcoin News / Bitcoinist - 1 year ago
As the FTX bankruptcy case continues, the administrators continue to discover critical issues that could have led to the crash. Recall that the founder and CEO Sam Bankman-Fried mismanaged the customers’ funds leading to the exchange crash last year....
Cryptocoins News / Blockchain - 1 year ago
The US Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried, which include communication restrictions and monitoring of his online activity. The proposal also requests that temporary bail conditions recently imp...
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor...
Bitcoin News / Bitcoin.com - 1 year ago
Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud.
SBF Gets 4 Ne...
Bitcoin News / Bitcoin.com - 1 year ago
Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the Sup...
Bitcoin News / Bitcoin.com - 1 year ago
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete.
US Attorney...
Cryptocoins News / Blockchain - 1 year ago
Judge Lewis Kaplan ordered former FTX CEO Sam Bankman-Fried to stop using encrypted chat applications as a condition of his $250-million bail release. (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel. Jo...
Bitcoin News / Bitcoin.com - 1 year ago
Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring proce...
Cryptocoins News / EthereumWorldNews - 1 year ago
FTX CEO John Ray III has stated that it may be possible to restart the bankrupt exchange.& The CEO has set up a task force to explore restarting the exchange.John Ray criticized the recent comments made by former CEO Sam Bankman-Fried.& Sam...
Cryptocoins News / The Cointelegraph - 1 year ago
FTX Trading, doing business as FTX.com, was one of roughly 130 companies under FTX Group that filed for bankruptcy following the firm’s reported liquidity crunch in November....
Bitcoin News / Bitcoinist - 1 year ago
According to a report from The Wall Street Journal, the new CEO and chief of the bankruptcy proceedings for FTX, John Ray, is thinking about relaunching the platform. The executive is exploring options to re-launch the trading venue and raise money t...
Cryptocoins News / The Cointelegraph - 1 year ago
Numerous parties have objected to the retention of Sullivan & Cromwell as lead counsel to FTX, citing conflicts of interest and insufficient disclosures. The CEO o...
Bitcoin News / Bitcoin.com - 1 year ago
The Bitmex co-founder, Arthur Hayes, criticized Sam Bankman-Fried, the disgraced FTX co-founder, on Friday after Bankman-Fried published his first blog post on his new Substack newsletter. “All this talk about what Alameda did is misdirection,” Hayes...
Bitcoin News / Bitcoin.com - 1 year ago
On Jan. 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to eight criminal charges that involve two counts of wire fraud and six counts of conspiracy. In addition to the not guilty plea, SBF’s judge Lewis Kaplan granted the defe...
Bitcoin News / Bitcoinist - 1 year ago
Following a chaotic court appearance in the Bahamas, FTX CEO and founder Sam Bankman-Fried is to be extradited to the US.
FTX CEO To Be Extradited
A week after the crypto wunderkind was arrested in his Bahamas apartment complex, the 30-year-old disgr...
Bitcoin News / Bitcoin.com - 1 year ago
According to multiple reports, FTX co-founder Sam Bankman-Fried’s parents face scrutiny over their reported involvement with their son’s business operations. The two Stanford professors Joseph Bankman and Barbara Fried have not been charged with any...