FTX’s former regulatory chief, who has not been charged with a crime, unlike his colleagues, reportedly cooperated with US prosecutors in their investigation of the fallen crypto exchange. Danie...
Tag: Sam Bankman-Fried
Bankman-Fried tells FTX debtors to leave his Robinhood shares alone
FTX co-founder Sam Bankman-Fried has filed a court action seeking to block debtors from taking control of his roughly $450 million stake in brokerage Robinhood. Lawyers for the disgraced exchang...
Contra Its Critics, Sequoia Capital Is the Hero of the Sam Bankman-Fried, FTX Story
Business columnist Gene Marks is angry. He feels that venture capital firm Sequoia Capital did the other 99.99999% of us harm by investing in FTX. In his words, “super-smart people led millions of uns...
SBF Could Still Change His Not Guilty Plea: Madoff Lawyer
Bernie Madoff’s former lawyer is downplaying the significance of Sam Bankman-Fried’s not guilty plea on Tuesday. Ira Lee Sorkin, who represented Madoff, told Blockworks that the FTX founder’s in...
Sam Bankman-Fried Issues Not-Guilty Plea in FTX Case
Sam Bankman-Fried pleaded not guilty to a slate of alleged financial crimes before US District Judge Lewis Kaplan in Manhattan on Tuesday, though whether that plea will stand remains to be seen. The f...
Sam Bankman-Fried pleads not guilty as FTX task force created
The Manhattan U.S. Attorney’s Office said Tuesday it had created an FTX Task Force to trace and recover assets of victims of the cryptocurrency exchange firm’s collapse and to handle inves...
Did The Bahamas Really Seize $3.5B in Crypto? FTX Says No
Last week, the Securities Commission of The Bahamas (SCB) said it altogether sent FTX crypto worth $3.5 billion, valued at the time of transfer, for safekeeping on Nov. 12. The transfers were made sho...
Sam Bankman-Fried Pleads Not Guilty
Topline Sam Bankman-Fried pleaded not guilty Tuesday to charges related to the collapse of his crypto empire, according to reporters present at his arraignment hearing in a New York federal court Tues...
Sam Bankman-Fried pleads not guilty to fraud charges in New York
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images...
Sam Bankman-Fried Expected To Enter Not Guilty Plea
Topline Sam Bankman-Fried was expected to plead not guilty Tuesday to charges related to the collapse of his crypto empire, setting the stage for one of the most high-profile white-collar criminal tri...
Solana Price Sinks To Single Digits For First Time In Nearly 2 Years
Solana has been battered under the weight of its association with Sam Bankman-Fried, with the price of its native token now trading firmly at near-two year lows. SOL has plunged 35% this month and 75%...
Strange FTX Hack Upon Bankruptcy Finally Attracts US Feds
The US Department of Justice (DOJ) is reportedly probing an apparent hack worth $372 million on crypto exchange FTX as it filed for bankruptcy on Nov 11. Blockchain analytics unit Elliptic initially r...
MLB Will Drop FTX Patches For Umpires In 2023, But Partnership Dilemma Remains
The FTX logo on umpire uniforms will stop in 2023 as the cryptocurrency exchange company is mired in … [+] scandal. But MLB fully extracting themselves from a large sponsorship deal is a thornie...
Sam Bankman-Fried criminal case assigned to new judge: Reuters
The criminal case against former FTX CEO Sam Bankman-Fried was reassigned to U.S. Judge Lewis Kaplan after U.S. District Judge Ronnie Abrams recused herself on Friday, Reuters reported, citing a court...
Biggest crypto c-suite departures of 2022
This was the year of exchange collapses, bankruptcies and the executives leaving their positions mid-scandal. Trouble started in May when the TerraUSD stablecoin de-pegged from the dollar befo...
Caroline Ellison Admits She And Bankman-Fried Conspired To Steal From FTX Customers And Mislead Investors, Reports Say
Topline Caroline Ellison, a longtime confidante of befallen crypto entrepreneur Sam Bankman-Fried, claims she and the former billionaire FTX founder agreed to deceive the exchange’s investors, lenders...
Sam Bankman-Fried Released On $250 Million Bond—But He Only Put Up A Fraction Of That
Topline FTX founder Sam Bankman-Fried was released from federal custody Thursday after his attorneys struck a deal with prosecutors on a bail amount of $250 million, as the former cryptocurrency titan...
Sam Bankman-Fried’s Many ‘Shocked’ Critics Forget That He Was Supposed to Fail
A recent opinion piece by the Wall Street Journal’s Allysia Finley led with the question/title “Where Was Biden’s SEC Sheriff on Sam Bankman-Fried?” At risk of speaking for Finley, isn’t it safe to sa...
Sam Bankman-Fried Will Be Released On $250 Million Bail
Topline FTX founder Sam Bankman-Fried is set to be released from federal custody after his attorneys struck a deal with prosecutors on a bail amount of $250 million, according to multiple reports, as ...
SBF Won’t Actually Pay $250M for His Bail Bond
Turns out Sam Bankman-Fried wasn’t personally on the hook for his nine-figure bond, a true historical outlier in the US, posted on Thursday. The agreement to cover the $250 million bond — known,...
How Bankman-Fried’s $250M Bail Compares to Historical Financial Fraudsters
The bail terms for Sam Bankman-Fried were not exactly unprecedented, but were much higher than the one received by the man who perhaps ran the most well-known financial scheme in history. The FT...
SBF To Be Released on $250M Bond: Who Paid?
In what may well be the highest-ever bond amount before a trial, FTX founder Sam Bankman-Friend is set to be released after paying $250 million, dwarfing that of famed financial fraudster Bernie Madof...
SBF, Ellison Thought Bitcoin Would’ve Crashed More As FTX Caved
In the FTX saga’s earliest days, disgraced co-founder Sam Bankman-Fried was actually surprised it hadn’t impacted bitcoin more. A complaint filed by the Commodity Futures Trading Commission (CFT...
Democrats split on Gensler’s crypto approach post-FTX
As Congress weighs the FTX collapse, Democrats appear split on how much more the Securities and Exchange Commission and its chair, Gary Gensler, could have done to stave off what the agency now calls ...
FTX, Alameda Execs Plead Guilty to Fraud, Released On Bail
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal criminal charges over their role in fraud which contributed to FTX’s implosion. US attorn...
Sam Bankman-Fried Faces Extradition To U.S.—Here’s What To Know
Topline A Bahamas judge on Wednesday approved the extradition of former billionaire Sam Bankman-Fried, the founder of befallen crypto exchange FTX, from a Nassau jail to the United States, where the f...
Bankman-Fried extradition to U.S. approved: WSJ
Sam Bankman-Fried is headed back to the U.S. to face criminal charges over the collapse of FTX after a judge approved his extradition from the Bahamas, the Wall Street Journal said. Bankmnan-Fri...
Not Just Democrats: FTX Exec Gave Tens of Millions to GOP Causes
It’s no secret Sam Bankman-Fried shelled out millions to Democratic causes. But it turns out a fellow top executive — Ryan Salame, the former co-head of FTX’s derivatives business and FTX whistl...
Bankman-Fried Set for US Extradition To Face Monster Indictment
Sam Bankman-Fried is preparing to leave The Bahamas 10 days after his arrest, with the alleged FTX fraudster reportedly agreeing to US extradition. The former CEO signed off on documentation for extra...
Sam Bankman-Fried Agrees To U.S. Extradition After Chaotic Day In Bahamas Court
Topline Disgraced FTX founder Sam Bankman-Fried has agreed to be extradited from the Bahamas to the U.S. to face a slate of criminal charges over fraud allegations, according to a source familiar with...
With Cryptocurrencies as With the Internet and Cars, Collapse Is the Sector’s Life
On June 6, 2021 I published a column titled “We’ll Know Crypto Is For Real When Its Coins Start Collapsing.” More than most want to admit or realize, failure is growth. A “market” for crypto money def...