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Sam Bankman-Fried
Crypto Executive Avoids Prison, FTX Seeks $1.8 Billion in Binance Lawsuit
- Gary Wang adjusted FTX software, enabling Alameda Research to withdraw billions undetected.
- Recently, the FTX bankruptcy estate filed a lawsuit against Binance to recover $1.8 billion.
Wednesday, 20/11/2024 | 16:59 GMT by
Tareq Sikder
FTX Bankruptcy Plan Approved, Promising 119% Return to Creditors
- The plan involves distributing between $14.7 billion and $16.5 billion to creditors across more than 200 jurisdictions.
- It comes less than two years after the crypto exchange's high-profile collapse in November 2022.
Tuesday, 08/10/2024 | 05:51 GMT by
Damian Chmiel
FTX Auditor Prager Metis to Pay $1.95 Million for Negligence
- The SEC alleged that the auditor failed to comply with auditing standards and establish connections between FTX and Alameda Research.
- The auditor violated rules while auditing over 200 companies between 2017 and 2020.
Wednesday, 18/09/2024 | 03:56 GMT by
Arnab Shome
“Presumed Guilty by the Judge”: FTX Founder Sam Bankman-Fried Appeals $8B Fraud Conviction
- He was sentenced to 25 years in prison after being convicted of seven counts of fraud and conspiracy to commit fraud.
- The new defence lawyer accused the judge of being biased against Bankman-Fried in the previous jury trial.
Saturday, 14/09/2024 | 15:16 GMT by
Arnab Shome
FTX, Alameda Research to Cough Up $12.7 Billion—What Now for Crypto?
- FTX and Alameda Research are ordered to pay $12.7 billion to creditors.
- The case has been a PR nightmare for the crypto industry.
- Could this be the beginning of accountability across the industry?
Friday, 09/08/2024 | 07:56 GMT by
Louis Parks
FTX's Former Executives Who Testified Against Sam Bankman-Fried Scheduled for Sentencing
- Nishad Singh's hearing will be on October 30, while Gary Wang's will be on November 20.
- Both Singh and Wang pleaded guilty to fraud charges in a Manhattan federal court.
Tuesday, 09/07/2024 | 17:03 GMT by
Jared Kirui
Senators Grill CFTC Boss on Sketchy Links to FTX’s Fallen Star Sam Bankman-Fried
- Warren and Grassley demand the records of CFTC's Chairman's with the CEO of the fallen crypto exchange.
- They seek details on the regulator's pre-FTX collapse interactions.
Tuesday, 16/04/2024 | 07:28 GMT by
Damian Chmiel
FTX Founder's Lawyer Seeks Leniency for Sam Bankman-Fried
- The lawyer proposed a sentence of up to six and a half years, far less than the 110-year maximum.
- The sentencing is ongoing, awaiting the recommendation from the US Attorney's office in Manhattan by March 15.
Wednesday, 28/02/2024 | 09:25 GMT by
Tareq Sikder
FTX's Bankruptcy Crisis Deepens: Appeals Court Orders Appointment of Independent Examiner
- The company's current CEO and the committee of unsecured creditors have opposed this step.
- The court maintains that the appointment of an examiner is mandatory under the US Bankruptcy Code.
Friday, 19/01/2024 | 19:21 GMT by
Jared Kirui
FTX's Former CEO Sam Bankman-Fried Denied Request for Prolonged Sentencing Process
- This denial happens amid the possibility of a second trial against Bankman-Fried.
- SBF's defense team has requested an extension of four to six weeks for his sentencing.
Wednesday, 20/12/2023 | 20:00 GMT by
Jared Kirui
FTX Seeks Court Approval for Sale of $744 Million Trust Assets
- Prior to this development, the court had approved for the liquidation of $3.4 billion in assets.
- The proposed sale process includes the involvement of an investment adviser and a pricing committee.
Monday, 06/11/2023 | 10:28 GMT by
Tareq Sikder
The Spectacular Collapse of FTX and the Fall of Sam Bankman-Fried
- Sam Bankman-Fried has been convicted of counts of serious financial fraud.
- The crypto mogul owned a crypto trading firm and an exchange, the trouble started there.
- Transfers between the two and preferential treatment led to downfall.
Friday, 03/11/2023 | 12:18 GMT by
Louis Parks
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