Former FTX CEO Sam Bankman-Fried on Monday decided to agree to be extradited to the U.S. to face fraud charges, Reuters reported, citing his lawyers. The report came several hours after one of B...
Tag: Sam Bankman-Fried
Crypto Apocalypse Now?
Will other exchanges collapse? getty Crypto Wile E. Coyote is air cycling like crazy. For a single example of this, if Genesis can’t pay its redemptions how is the company still in business, ergo Digi...
Bankman-Fried Not Expected to Fight US Extradition After All
Former crypto billionaire Sam Bankman-Fried is expected to appear in Bahamian court on Monday and agree to US extradition. Bankman-Fried was arrested in The Bahamas last week at the US government’s re...
What Happened To Crypto? How The House Of Cards Is Falling
| Getty Images Key Takeaways While 2021 created many crypto success stories, with regular folks becoming millionaires, 2022 has reversed course as trillions of dollars have been wiped out of the space...
Sam Bankman-Fried Will Not Fight Extradition Effort By U.S., Reports Say
Topline FTX founder Sam Bankman-Fried is set to withdraw his legal challenge against an effort by U.S. officials to extradite him from the Bahamas, according to multiple reports, a move that will open...
Solana Cryptocurrency Outlook Post-FTX Bankruptcy
| Getty Images Key Takeaways The collapse of the FTX crypto exchange is having a ripple effect on the entire crypto industry; casualties pile up as the bankruptcy proceedings begin. Sam Bankman-Fried ...
FTX Wants to Sell LedgerX, Japan and Europe Platforms — Fast
As FTX enters its second month of bankruptcy, its new stewards are eager to sell four affiliated businesses — including its Japanese and European subsidiaries. In a Thursday petition filed in Delaware...
The Madoff Playbook: How FTX Creditors Could Get Their Money Back
As there is much to be unraveled about the crash of FTX, a pressing question for the crypto exchange’s creditors remains how and when they could get back lost funds. Some have compared FTX founder Sam...
Committee to represent creditors formed in FTX bankruptcy case
A committee to represent unsecured creditors and serve as the voice for most FTX customers in court was established in the U.S. bankruptcy case of FTX and its affiliated companies. The formation...
GameFi Crypto Unlikely To Feel Regulatory Heat Anytime Soon
Models dress up as anime characters at the Thailand Crypto Expo on May 14, 2022 in Bangkok. Visitors … [+] learn about blockchain and gamefi projects, among other things. (Photo by Lauren DeCicc...
Only 3 FTX Execs Could’ve Sent User Funds to Alameda: Co-CEO
A senior FTX executive blew the whistle on user funds being siphoned to Sam Bankman-Fried’s trading shop Alameda Research, just days before the firms filed for bankruptcy. Ryan Salame, co-CEO of...
FTX’s new CEO John J. Ray making $1,300 an hour
John J. Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives to a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, on Tuesday...
Legal fight escalates around ‘collusion’ between Bankman-Fried and Bahamian government
A federal bankruptcy judge will hear evidence about the potentially criminal movement of assets out of FTX and its affiliated companies, in what is the latest escalation of a heated legal struggle bet...
FTX Founder and CEO, Sam Bankman-Fried, Arrested In The Bahamas
AFP via Getty Images Key takeaways FTX founder and CEO Sam Bankman-Fried was arrested in the Bahamas Monday; it’s expected he will be extradited to the U.S. The beleaguered CEO is facing at least eigh...
Bankman-Fried will sit in Bahamas prison until Feb. 8, 2023: Photos
TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon ...
No Bail for Bankman-Fried, Leaves Bahamas Court in Handcuffs
Sam Bankman-Fried has not been granted bail by a Bahamas court, with the disgraced crypto entrepreneur pictured leaving in handcuffs. Bankman-Fried, who founded the now-bankrupt crypto exchange FTX, w...
6 Takeaways From SBF’s Planned Testimony Transcript
Bahamian authorities arrested FTX founder Sam Bankman-Fried Monday night, just hours before he was scheduled to testify in front of the US House Financial Services Committee. Bankman-Fried faces charg...
SBF Perpetrated ‘One of the Biggest Financial Frauds in American History,’ Says US Attorney
United States agencies teamed up to deliver joint statements regarding Sam Bankman-Fried’s indictment Tuesday. The US Attorney of the Southern District of New York hosted a press conference Tues...
Bankman-Fried denied bail, remanded to custody in the Bahamas: Reuters
Sam Bankman-Fried is headed to jail after a magistrate judge in the Bahamas denied his bail application and remanded him to the Department of Corrections, Reuters said. The disgraced former CEO of FT...
What Happened To Crypto Giant FTX? A Detailed Summary Of What We Actually Know So Far
Sam Bankman-Fried of FTX photographed in March 2021 by Virgile Simon Bertrand for Forbes. Virgile Simon Bertrand/The Forbes Collection Key Takeaways FTX, a crypto exchange, went from being worth $32 b...
Disgraced former FTX CEO Sam Bankman-Fried criminally indicted
U.S. authorities charged disgraced former FTX CEO Sam Bankman-Fried with fraud a month after the crypto exchange he founded filed for bankruptcy protection. An eight-count indictment from the U....
Sam Bankman-Fried Charged With Eight Criminal Counts—Including Wire Fraud And Campaign Finance Violations
Topline U.S. prosecutors unsealed eight criminal counts against Sam Bankman-Fried on Tuesday, charging the former FTX boss and one-time cryptocurrency billionaire with wire fraud, money laundering and...
For SBF and FTX, the fraud started from day one. That and other revelations from the SEC
Sam Bankman-Fried was charged with fraud by the U.S. Securities and Exchange Commission over the collapse of FTX, the crypto exchange he founded. The former CEO was accused of “orchestrat...
CFTC piles on with new charges against Bankman-Fried
FTX logo on mobile screen with crypto coins are displayed for illustration. Jonathan Raa | Nurphoto | Getty Images Charges continue to mount for disgraced FTX co-founder Sam Bankman-Fried, with the Co...
Bankman-Fried Arrest Day Before Congress Testimony Raises Eyebrows
Former FTX CEO Sam Bankman-Fried won’t appear before Congress on Tuesday after all, considering his arrest, disappointing the head of the House Financial Services Committee and piquing curiosities acr...
Sam Bankman-Fried Arrested In Bahamas As U.S. Files Criminal Charges, Officials Say
Topline FTX founder Sam Bankman-Fried was arrested in the Bahamas after U.S. prosecutors filed criminal charges, the U.S. Department of Justice said late Monday, capping off a dramatic fall for the on...
Waters ‘disappointed’ Bankman-Fried will no longer testify before Congress
House Financial Services Committee Chair Maxine Waters, D-Calif., says she’s “disappointed” and “surprised” at the timing of Sam Bankman-Fried’s arrest, due to his scheduled appearance before her comm...
Bahamas regulators investigate FTX client withdrawals: Bloomberg
Whether or not FTX executives played a role in client withdrawals that took place after the exchange saw its assets frozen is now under investigation by Bahamian authorities, Bloomberg News reported, ...
Bankman-Fried ‘unwilling’ to accept subpoena, escalating Senate standoff
Senate lawmakers blasted former FTX CEO Sam Bankman-Fried for declining to appear at a hearing this week, calling his decision an “unprecedented abdication of accountability.” The Senate Banking...
FTX Founder Blames ‘Bad Legal Advice’ For Crypto Firm’s Bankruptcy
Topline Sam Bankman-Fried insinuated law firms looking for a massive payday contributed to cryptocurrency exchange FTX’s decision to file for bankruptcy last month, during a Monday morning interview w...
Sam Bankman-Fried Still Thinks He’s a Good Businessman
Sam Bankman-Fried still reckons he’s a good businessman despite his epic mismanagement triggering havoc across the entire crypto ecosystem. In an interview with BBC from a luxury apartment somewhere i...