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...
22 Mar, 2024, 09.19 AM IST
FTX files plan to end bankruptcy, pay crypto creditors billionsThe company filed for bankruptcy last year after Sam Bankman-Fried agreed to turn over control of his empire to restructuring professionals.
18 Dec, 2023, 12.38 PM IST
FTX founder Sam Bankman-Fried testifies outside jury's presenceBankman-Fried's risky decision to testify gives prosecutors the chance to cross-examine the 31-year-old former billionaire about those clai...
27 Oct, 2023, 12.04 AM IST
Sam Bankman-Fried will testify at criminal trial, lawyer saysBankman-Fried has pleaded not guilty to charges he looted billions of dollars in FTX customer funds to plug losses at his Alameda Research ...
25 Oct, 2023, 08.34 PM IST
Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's cofounder tells jurySam Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the...
07 Oct, 2023, 08.34 PM IST
Fourth top FTX executive pleads guilty ahead of Sam Bankman-Fried trialRyan Salame, a former top executive at cryptocurrency exchange FTX, pleaded guilty Thursday to criminal charges linked to the sweeping frau...
08 Sep, 2023, 08.50 AM IST
FTX's Sam Bankman-Fried denies witness tampering but accepts gag orderThe letter, released on Sunday, came after prosecutors sought to bar Bankman-Fried and allies from making public statements that could inte...
24 Jul, 2023, 04.34 PM IST
FTX sues Sam Bankman-Fried, others to recoup more than $1 billionFTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more t...
21 Jul, 2023, 07.36 AM IST
Bankman-Fried faces long odds of tossing charges despite Supreme Court decisionOn May 8, Bankman-Fried asked U.S. District Judge Lewis Kaplan to dismiss most of the charges against him, arguing that some were based on ...
17 May, 2023, 10.06 PM IST
Bankman-Fried, others made more than 300 illegal political donations, confirms indictmentThe donations, totaling tens of millions of dollars, were unlawful because they were attributed to a "straw donor" or made using corporate ...
23 Feb, 2023, 08.34 PM IST
FTX points to cost, cyber risk as it opposes independent bankruptcy investigationFTX attorney James Bromley at Monday's hearing told Judge John Dorsey, who is overseeing the crypto exchange's Chapter 11 case, that the pr...
07 Feb, 2023, 10.33 AM IST
FTX judge weighs demand for independent bankruptcy investigationThe U.S. Department of Justice's bankruptcy watchdog has urged U.S. Bankruptcy Judge John Dorsey, who is overseeing FTX's Chapter 11, to ap...
06 Feb, 2023, 08.44 PM IST
FTX judge weighs demand for independent bankruptcy investigationFTX says an examiner would merely duplicate work already being done by FTX, its creditors, and law enforcement agencies.
06 Feb, 2023, 05.01 PM IST
FTX opposes new bankruptcy investigation as it probes Bankman-Fried connectionsFTX acknowledged "fraud, dishonesty, incompetence, misconduct, mismanagement, and irregularity" in its past conduct, but said that its prev...
27 Jan, 2023, 12.33 AM IST
Bankman-Fried fraud charges sidestep debate over how US law sees cryptoBankman-Fried, 30, was indicted on two counts of wire fraud and six conspiracy counts last month in Manhattan federal court for allegedly s...
09 Jan, 2023, 04.45 PM IST
Sam Bankman-Fried set to enter not guilty plea in FTX fraud case: reportBankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make mill...
31 Dec, 2022, 12.19 PM 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