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Sam Bankman-Fried sentenced to 25 years in prison for multi-billion dollar FTX fraudSam Bankman-Fried, 32, sentenced to 25 years for stealing $8 billion from FTX customers. Judge Kaplan rejected his no losses claim. Found g...- FTX expects US to reduce bankruptcy claim to $3 billion to $5 billionFTX expects U.S. gov claims in bankruptcy to decrease to $3-5 billion, leaving no money for shareholders. Founder's false claims about harm...
- FTX reaches settlement with BlockFi, may pay up to $874 millionFTX and BlockFi have reached a settlement, awaiting court approval. FTX will pay BlockFi up to $874 million due to the bankruptcy and misus...
- Crypto exchange FTX to sell shares in AI startup AnthropicFTX invested $500 million in Anthropic in 2021, and currently holds a 7.84% stake in the company, according to court documents. The company...
- FTX insider Nishad Singh says working with Sam Bankman-Fried left him in ‘severe’ distressBankman-Fried faces decades in prison on charges that he funneled FTX customer money into Alameda Research, an affiliated hedge fund, for r...
- Sam Bankman-Fried's dipping into customers' funds was done unilaterally: Nishad SinghSingh testified that he learned two months before the crypto exchange blew up that it was improperly using customers' money.
- Sam Bankman-Fried directed fraud on FTX customers, Caroline Ellison tells juryCaroline Ellison, the former CEO of Sam Bankman-Fried's hedge fund, testified that Bankman-Fried directed her and others to defraud custome...
- 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...
- Sam Bankman-Fried's wealth was 'built on lies,' prosecutor says at trialProsecutors with the U.S. Attorney's office in Manhattan say Bankman-Fried used FTX customer money from the exchange's 2019 launch until it...
- FTX sues founder Sam Bankman-Fried's parentsFTX's lawsuit alleges that Bankman and Fried accepted a $10-million cash gift and a $16.4-million luxury property in the Bahamas from FTX, ...
- Sam Bankman-Fried used $100 million in stolen FTX funds for political donations, US saysSam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million in political campaig...
- 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...
- FTX gets approval for $50-million LedgerX sale, asserts $3.9-billion Genesis claimAs part of that broader effort, FTX on Wednesday said it would seek repayment of nearly $4 billion from Genesis Global Capital (GGC), the b...
- FTX reaches deal to recover over $400 million from hedge fund ModuloBahamas-based Modulo agreed to pay $404 million in cash and give up its claim to $56 million in assets held on FTX's crypto exchange, accor...
- FTX founder keeps talking, ignoring typical legal strategyThe atypical chattiness for a criminal defendant is likely causing Bankman-Fried's attorneys to scratch their heads, or worse. Prosecutors ...
- FTX seeks court rulings on asset sales, customer privacyFTX will ask US Bankruptcy Judge John Dorsey in Delaware to approve procedures for selling affiliates LedgerX, Embed, FTX Japan and FTX Eur...
- New FTX CEO says lax oversight, bad decisions caused failureFTX CEO John Ray III, who has guided dozens of companies, including Enron, through bankruptcy restructuring, called FTX's collapse one of t...
- 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...
- Former FTX CEO Bankman-Fried hit with eight count indictmentThe indictment says Bankman-Fried allegedly committed a years-long fraud by diverting investors' funds to his private hedge fund and using ...
- Former FTX CEO Sam Bankman-Fried hit with eight count indictmentSam Bankman-Fried was charged with eight counts, ranging from wire fraud to money laundering to conspiracy to commit fraud on the United St...
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