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The Latest Breaking News from FTX

US Government-Linked Wallet Converts Seized Alameda $ANT To $ETH Ahead Of AragonDAO Deadline

The digital wallet that held cryptocurrencies seized from collapsed Alameda Research has converted its $ANT tokens into $ETH, two days shy of the deadline set by AragonDAO for token redemption.

International Business Times

Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried

An ex-FTX executive who testified against the cryptocurrency firm's founder at his trial last year has been spared a prison sentence

The Independent UK

Former FTX Executive Spared Prison Sentence For Cooperation

Former FTX executive Nishad Singh spared prison sentence for cooperating in fraud case. His testimony helped uncover crimes and led to charges against others.

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Insight Partners has paid out nearly $8 billion this year—but returns for its giant 2021 fund have mostly come up dry

The lack of distributions is leading to a rise in continuation funds in private equity

Fortune

Tether blasts report that stablecoin giant is under investigation for money laundering, sanctions violations

The Wall Street Journal reported that the Department of Justice has expanded a years-long probe into Tether, one of the largest firms in crypto.

Fortune

Who Is Ryan Salame? US Tech CEO Announces New Position On LinkedIn: Prison Inmate

Former FTX Digital Markets CEO Ryan Salame, known for his role in the collapse of the cryptocurrency exchange, has ironically announced his new position as a prison inmate on LinkedIn after being sentenced to seven and a half years for illegal political contributions and financial misconduct.

International Business Times UK

Former CEO Makes A “Happy” LinkedIn Update: “I’m Starting A New Position As Inmate”

The internet is having a field day as FTX's former top executive Ryan Salame announces his prison sentence on LinkedIn. The post Former CEO Makes A “Happy” LinkedIn Update: “I’m Starting A New Position As Inmate” first appeared on Bored Panda.

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Former FTX lieutenant Ryan Salame updated his LinkedIn for his new role—federal inmate

Unlike Sam Bankman-Fried’s other deputies, Salame did not cooperate with prosecutors.

Fortune

Convicted FTX exec announces his ‘new role’ at Maryland prison on LinkedIn

Ryan Salame announced he was moving on from the fraudulent crypto exchange to his next challenge at a Maryland federal penitentiary.

Fortune

98% of FTX creditors will get more money than anticipated

A bankruptcy judge has approved FTX’s reorganization plan, which will give creditors 119% of the amount allowed on their claim.

The Street

Judge OKs FTX Estate's Bankruptcy Plan – What's Next?

FTX is now clear to begin implementing its bankruptcy plan, which includes the expected full repayment of customers and creditors with up to $16.5 billion in recovered assets.

International Business Times

Bull Run Next? Crypto Community Prepares To Welcome Binance's CZ From Prison

The crypto community is preparing to receive Binance co-founder Changpeng Zhao back to the digital assets space as he is set to be released from prison on Sunday.

International Business Times

FTX fraud case: Caroline Ellison sentenced to two years in prison

Caroline Ellison, who was the star witness against Sam Bankman-Fried, was sentenced for her role in the FTX fraud case.

The Street

Former FTX Executives Sentenced In Cryptocurrency Fraud Case

Former FTX executive sentenced to prison for fraud, aiding in conviction of founder. Case highlights cryptocurrency industry complexities and commitment to...

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Al Jazeera

Former FTX executive Caroline Ellison sentenced to two years for fraud

The former CEO of Alameda Research served as a key prosecution witness against FTX founder Sam Bankman-Fried.

International Business Times

Fraudster Sam Bankman-Fried's Former Girlfriend Sentenced In $11B FTX Collapse

'Not a day goes by that I don't think about all of the people I hurt,' Caroline Ellison told a federal judge in New York City

Fortune

A tearful Caroline Ellison is sentenced to two years in prison for her part in the FTX collapse: 'I'm sorry I wasn't brave'

A judge recognized Ellison's cooperation but still ruled against her lawyer's request for no jail time.

The Independent UK

Sam Bankman-Fried’s ex says the ‘brain is truly bad at understanding big numbers’ as she gets 2 years for FTX fraud

Appreciative prosecutors said Ellison’s cooperation was “critical to indict and convict” on-again, off-again lover and disgraced FTX boss Sam Bankman-Fried, who is now serving 25 years in prison

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Fortune

Caroline Ellison wrote a Bridgerton-esque romance novel while waiting to be sentenced over FTX

She’s also helped her professor parents write a math textbook, and another novel is in the works, her mother wrote in a testimony.

Fortune

Diddy and Sam Bankman-Fried are sharing a prison cell

The disgraced celebrities have reportedly been moved to the same unit of the Metropolitan Detention Center as they await ongoing trials.

The Guardian - US

Caroline Ellison sentenced to two years after serving as star witness against FTX’s Sam Bankman-Fried

Ex-Alameda CEO and ex-girlfriend of fallen crypto mogul pleaded guilty, but prosecutors requested lenient sentence

Top News

Former FTX Executive Faces Sentencing After Fraud Conviction

Former FTX executive Caroline Ellison faces sentencing for fraud after cooperating in trial against founder. Prosecutors seek leniency for her role.

The Independent UK

Former FTX executive Caroline Ellison faces sentencing

A former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire faces the possibility of years in prison when she is sentenced Tuesday for fraud

Fortune

Coinbase and Goldman Sachs alum launch TrueX, a new crypto exchange built on stablecoins

Founded by former Coinbase head of exchange Vishal Gupta, TrueX will use PayPal's stablecoin as its default settlement currency.

International Business Times

Sam Bankman-Fried Experienced 'Trial By Media'? FTX Co-founder Appeals Conviction

Sam Bankman-Fried's lawyers have filed to appeal their client's fraud conviction – they said the world judged the former FTX CEO, he didn't get a fair trial, and was presumed guilty by the media.

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