Sam Bankman-Fried testifies he believed FTX was 'fine' until just before collapseTestifying in his defense at his fraud trial for a second day, the 31-year-old former billionaire recounted the dramatic days leading up to...
30 Oct, 2023, 09.29 PM IST
FTX co-founder testifies against Bankman-FriedDuring Sam Bankman-Fried's trial, his former business partner, Zixiao "Gary" Wang, testified that Bankman-Fried used FTX clients' funds wit...
07 Oct, 2023, 08.30 AM IST
Sam Bankman-Fried's trial: five key moments from the first weekBankman-Fried has pleaded not guilty to charges of stealing billions of dollars in customer funds to prop up his crypto-focused hedge fund,...
06 Oct, 2023, 09.40 PM IST
Sam Bankman-Fried demanded special privileges for Alameda Research: ex-colleague Gary WangAccording to Wang, the special privileges granted to Bankman-Fried's hedge fund Alameda Research included a $65-billion line of credit, sev...
06 Oct, 2023, 09.53 AM IST
FTX customers are still grappling with crypto platform's collapseFTX founder and former-CEO Sam Bankman-Fried is accused of embezzling $10 billion from unsuspecting customers to prop up his hedge fund Ala...
05 Oct, 2023, 10.23 PM IST
FTX-tied Alameda gets $175 million claim on Genesis bankruptcy estateThe settlement marks a significant reduction from the nearly $3.9 billion claim that FTX, which is also bankrupt, had asserted earlier this...
17 Aug, 2023, 10.10 PM IST
FTX accuses ex-lawyer of aiding Bankman-Fried's fraud, silencing whistleblowersThe complaint, filed on Tuesday in US Bankruptcy Court in Delaware, describes Daniel Friedberg, a former chief compliance officer at FTX an...
29 Jun, 2023, 12.01 AM IST
Banks raised questions in 2020 about FTX-affiliated hedge fund's wire activity, FTX saysSome banks began rejecting wires to or from Alameda the same year that the cryptocurrency exchange scrambled to access the U.S. banking sys...
27 Jun, 2023, 12.38 AM IST
Bankman-Fried asks court to dismiss charges over FTX collapseFormer FTX CEO Sam Bankman-Fried has requested a US federal court to dismiss 10 of the 13 charges he faces over the collapse of his crypto ...
09 May, 2023, 02.13 PM IST
FTX founder Bankman-Fried charged with paying $40 million bribeThe charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Ban...
29 Mar, 2023, 07.47 AM IST
FTX sues Voyager Digital to claw back $446 million in 2022 loan paymentsFTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager's bankruptcy preceded FTX's filing by...
31 Jan, 2023, 09.41 AM IST
'I didn't steal funds,' Sam Bankman-Fried says in unusual post-arrest blog postFederal prosecutors in Manhattan last month said Bankman-Fried stole billions of dollars from FTX customers to pay debts for his crypto-foc...
12 Jan, 2023, 07.23 PM IST
Sam Bankman-Fried, FTX execs received billions in hidden loans, says ex-Alameda CEOCaroline Ellison, former chief executive of Alameda Research, said she agreed with Bankman-Fried to hide from FTX's investors, lenders and ...
24 Dec, 2022, 08.11 AM IST
Sam Bankman-Fried extradited to US to face fraud charges over FTX collapseFTX and its sister trading house Alameda Research went bankrupt last month, dissolving a virtual trading business that had been valued by t...
22 Dec, 2022, 01.55 PM IST
How a secret software change allowed FTX to use client moneyIn 2020, FTX's chief engineer tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feat...
14 Dec, 2022, 08.35 AM IST
Sam Bankman-Fried says he 'didn't ever try to commit fraud'Speaking via video link at the New York Times' Dealbook Summit with Andrew Ross Sorkin on Wednesday, Bankman-Fried said he did not knowingl...
01 Dec, 2022, 07.44 AM IST
Cryptocurrencies slide as concerns over FTX exchange rattle marketsFTX founder Sam Bankman-Fried said the exchange was "fine" and that concerns were "false rumours". The firm had no immediate comment when c...
08 Nov, 2022, 02.06 PM IST