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
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.
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...
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 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...
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 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 ...
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...
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’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