Sam Bankman-Fried

FTX to distribute US$5 billion in next round of creditor payments

Customer payments are being made through Bitgo or Kraken, the company says

The next distribution to creditors is expected to take place on Apr 11, and the following one – on May 30.

FTX estate starts paying out billions to creditors; Temasek likely among beneficiaries

AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading platform’s estate starts paying cash back to creditors this week.

Gary Wang is the last member of Bankman-Fried’s former inner circle to be sentenced by Kaplan.

Bankman-Fried’s ex-deputy Wang avoids prison time over crypto fraud

FORMER cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about US$8 billion from customers of the now-bankrupt exchange, was s...

Sam Bankman-Fried is serving a 25-year prison sentence for using billions of US dollars in customer deposits at the FTX crypto exchange.

US asks to seize crypto tied to Sam Bankman-Fried bribery charge

THE US is not through trying to seize cryptocurrency tied to Sam Bankman-Fried a year after he was convicted of masterminding a massive fraud at his FTX exchange.

FTX filed bankruptcy in November 2022 after Bankman-Fried shut down the company’s crypto-trading platform and handed control to insolvency experts.

FTX clear to repay customers as firms seek slice of US$1 billion

CRYPTOCURRENCY firm FTX won court approval to fully repay customers whose digital assets were locked on the platform when it imploded nearly two years ago, an unusual result that could net shareholder...

Caroline Ellison, who ran Alameda Research, departs the US courthouse following her sentencing in Manhattan, New York, Sept. 24, 2024. Ellison, a former top adviser to the cryptocurrency mogul Sam Bankman-Fried, was sentenced to two years in prison for her role in the US$8 billion fraud that led to the implosion of the once high-flying FTX crypto exchange.

Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence

CAROLINE Ellison, who testified against her former boyfriend and FTX founder Sam Bankman-Fried at his crypto fraud trial, was sentenced on Tuesday to two years in prison for her role in the case, New ...

FTX has gathered as much as US$16 billion to repay customers by selling assets and filing lawsuits to claw back money paid by FTX before it collapsed.

FTX seeks to stop outside litigation against insiders, VC firms

FTX on Tuesday (Jun 4) asked a US judge to stop outside litigation against company insiders and venture capital (VC) firms accused of playing a role in the bankrupt crypto exchange’s collapse, saying ...

Payouts are likely several months away, as FTX winds its way through the final stages of the bankruptcy case.

FTX has billions more than needed to pay bankruptcy victims

CRYPTOCURRENCY exchange FTX has amassed billions of US dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries under the compa...

Former FTX chief executive Sam Bankman-Fried was convicted by a federal jury in New York in November 2023 on seven counts of fraud, embezzlement and criminal conspiracy.

Sam Bankman-Fried appeals fraud conviction, 25-year jail term

FALLEN cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday.

Sam Bankman-Fried, who was convicted of stealing US$8 billion from customers of his international crypto exchange, FTX, leaving a federal district court in New York, December 2022.
PERSPECTIVE

Sam Bankman-Fried’s sentence is a warning to crypto 

Sending the one-time wunderkind to jail for 25 years and stripping him of US$11 billion should act as powerful deterrent in a business still badly in need of cleaning up