FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge
The order doesn’t include civil penalties but bans FTX and its sister concern, Alameda, formerly a heavyweight crypto market maker, from trading digital assets and…
Tag: FTX
First Mover Americas: Bitcoin Hovers Above $62K
The latest price moves in crypto markets in context for May 8, 2024. Bitcoin slid toward $62,000 during the Asian and European mornings on Wednesday as part…
Bitcoin Trades Around $57K, Crypto Market Drops 6% in Run-Up to Fed Decision
BTC is down about 6.3% in the last 24 hours having dropped below the $60,000 support level late on Tuesday. Bitcoin (BTC) traded around $57,700 during the…
Sam Bankman-Fried Sentenced to 25 Years in Prison
The former FTX CEO was convicted of seven counts of fraud and conspiracy in November, a year after the once-giant cryptocurrency exchange collapsed. Sam Bankman-Fried…
FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft, Including Infamous Attack on Crypto Exchange
The federal indictment doesn’t identify Sam Bankman-Fried’s FTX as the pilfered company, but Bloomberg reported that’s who it was. The U.S. federal government on Wednesday…
LIVE: Sam Bankman-Fried Tells Jurors: I Made ‘Mistakes’ at FTX, and ‘a Lot of People Got Hurt’
The former FTX billionaire had his debut performance on the witness stand a day earlier, but jurors were not present for his comments. Sam Bankman-Fried…
SBF Trial: For Once, Bankman-Fried’s Lawyer Lands a Punch
Under questioning from defense attorney Mark Cohen, a former FTX exec and government witness admitted to some hazy memories. NEW YORK — Nishad Singh, a…
SBF Trial: Defense Counsel’s Cross-Examination of Star Prosecution Witness Meandered
Mark Cohen bumbled at times, asking Caroline Ellison to repeat much of the same information she told prosecutors in testimony the day before. NEW YORK…
TV’s Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,”…
Judge Denies Temporary Release For Sam Bankman-Fried During Trial
Bankman-Fried’s lawyers had requested that he be released for the duration of his trial to ensure that he is able to review material and speak…