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: 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…
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…
Sam Bankman-Fried (Probably) Won’t Get a 115-Year Prison Sentence
The FTX founder will be defending himself against wire fraud and conspiracy charges. Here’s what that means. If he’s convicted of wire fraud and/or conspiracy…
Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved
The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.…
SEC Calls FTT Exchange Token a Security
The complaint against Alameda’s Caroline Ellison and FTX’s Gary Wang contains allegations that FTX’s exchange token, FTT, constitutes an investment contract. FTX’s exchange token FTT…