Law firm Fenwick agrees to pay $54 million in settlement over FTX workUS law firm Fenwick & West will pay fifty-four million dollars to settle claims from FTX customers. The firm advised FTX before its collaps...
23 May, 2026, 03.13 PM IST
Disgraced entrepreneur Sam Bankman-Fried sentenced to 25 years in prison for $8 bn fraud caseU.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX custo...
28 Mar, 2024, 11.14 PM IST
Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investorsBankman-Fried, 32, was convicted in November of fraud and conspiracy - a dramatic fall from a year earlier when he and his companies seemed...
28 Mar, 2024, 10.18 AM IST
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
Sam Bankman-Fried lives 'life of delusion,' new FTX CEO says as sentencing loomsJohn Ray criticizes Sam Bankman-Fried's delusion claiming FTX funds recovery post $8 billion theft conviction. Lawyers aim for reduced sent...
21 Mar, 2024, 09.06 AM IST
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.
16 Oct, 2023, 09.24 PM 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 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, ...
19 Sep, 2023, 07.53 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
Media startup Semafor plans buyout of Sam Bankman-Fried's investment: reportSemafor is planning to buy out FTX founder Sam Bankman-Fried's roughly $10 million investment in the news startup, the New York Times repor...
18 Jan, 2023, 05.28 PM IST
US court grants bail to FTX founder Sam Bankman-Fried on $250 million bondThe court granted pre-trail bail to Sam Bankman-Fried for a bond of $250 million and several restrictions. Bankman-Fried will have to be pr...
23 Dec, 2022, 10.57 PM IST
New CEO outlines FTX collapse in congressional hearingTells lawmakers the collapse stems from poor management practices and inexperienced individuals at the helm
13 Dec, 2022, 10.38 PM IST
Who is Samuel Bankman-Fried and why is he arrested in Bahamas?American entrepreneur, investor, and former billionaire, Sam Bankman-Fried was arrested in Bahamas after being criminally charged by US pro...
13 Dec, 2022, 09.48 PM IST
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...
13 Dec, 2022, 08.52 PM IST
Sam Bankman-Fried talks about his parents' $16.4 million Bahamas home. This is what he saidSam Bankman-Fried responded to inquiries regarding his parents' $16.4 million Bahamas mansion.
02 Dec, 2022, 12.56 AM IST
What happened to world’s largest cryptocurrency exchanges, FTX? A timelineThe dramatic collapse of FTX has seriously damaged the Bahamas' image as a nation with efficient regulation of the digital asset industry.
25 Nov, 2022, 06.50 PM IST