Who is Caroline Ellison, a key witness testifying against Sam Bankman-Fried?On Tuesday, nearly a year after Alameda collapsed, Ellison took the stand to testify as a key witness at the criminal fraud trial against i...
10 Oct, 2023, 10.46 PM IST
Sam Bankman-Fried's trial: four key points raised in opening statementsThe trial of FTX founder Sam Bankman-Fried began with opening statements from both the prosecution and defense. Prosecutors accused Bankman...
05 Oct, 2023, 10.44 AM IST
Sam Bankman-Fried's lawyer says 'crypto was not for everyone.' FTX said the oppositeProsecutors in Sam Bankman-Fried's fraud trial played FTX cryptocurrency exchange's video advertisements to highlight the company's marketi...
05 Oct, 2023, 10.16 AM IST
Bankman-Fried's former crypto exchange outlines plan for potential rebootMore than 75 bidders have been contacted by the FTX estate since May to gauge industry interest in backing a relaunch of the exchange, acco...
12 Sep, 2023, 06.28 AM IST
Bankman-Fried hints at blame-the-lawyers defense in criminal caseBankman-Fried has pleaded not guilty to the charges. The defense motion claims that Fenwick & West advised him, FTX and Alameda on at least...
01 Jun, 2023, 10.13 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
Bankrupt crypto exchange FTX has recovered $7.3 billion in assetsFTX has benefited from a recent rise in crypto prices, Dietderich said. Its total recovery would be valued at $6.2 billion based on crypto ...
13 Apr, 2023, 08.34 AM IST
FTX collapse: a dizzying concoction of 'hubris, greed and incompetence', reveals debtors' reportThe report is the first released by FTX debtors since Sam Bankman-Fried’s digital-asset empire rapidly collapsed into bankruptcy in Novembe...
10 Apr, 2023, 10.43 AM IST
Binance, alone at the top after FTX, stirs 'too big to fail' crypto worryAs Sam Bankman-Fried’s FTX empire collapsed into bankruptcy and the 30-year-old former billionaire swapped a luxury penthouse for a Bahamas...
17 Dec, 2022, 10.09 PM IST
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...
14 Dec, 2022, 11.12 AM 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
BlockFi tells U.S. bankruptcy court it is 'the antithesis of FTX'BlockFi filed for Chapter 11 protection on Monday, citing FTX's collapse and volatility in the crypto markets.
30 Nov, 2022, 03.31 PM IST
FTX flipped Jane Street's risk obsession. Disaster followed for Bankman-FriedAs the story unspools of the epic collapse of FTX, the $32 billion crypto exchange now in bankruptcy, one of the biggest revelations is tha...
23 Nov, 2022, 07.43 PM IST
Crypto Price Today: Bitcoin marches to $17k; Solna tanks 3%, XRP gains 2%Bitcoin traded sideways above the $16,800 level. It is trading near the two-year low price zone. It is likely to extend losses till the low...
18 Nov, 2022, 11.08 AM IST
New CEO calls FTX's corporate control a 'complete failure'FTX collapsed last week after a run on deposits exposed a deep financial hole in the business. Last Friday, the company filed for bankruptc...
18 Nov, 2022, 09.00 AM IST
Learnings from crypto collapse on how to evaluate new-age businessesA critical aspect that usually works in such situations is the presence of skin in the game – it offers no guarantee of success, but an abs...
14 Nov, 2022, 03.32 PM IST
At least $1 billion of client funds missing at Sam Bankman-Fried's FTXFTX's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Rese...
12 Nov, 2022, 11.04 AM IST