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The Latest Breaking News from FTX

Sam Bankman-Fried cozies up to Trump and Elon Musk as FTX cofounder reportedly looks for pardon: ‘I don’t think anyone was guilty’

In interviews with the New York Sun, the former crypto billionaire criticized the judge who presided over his trial as well as a case against Donald Trump.

Fortune

$Defunct crypto exchange FTX begins to repay customers—but they'll only get back a fraction of their crypto holdings$

Defunct crypto exchange FTX begins to repay customers—but they'll only get back a fraction of their crypto holdings

Affected customers with claims of less than $50,000 can access their funds through Kraken or BitGo.

Fortune

Bitcoin Sheds $3,000 As FTX Begins Customer Repayments, Crypto Users Divided Over Market Impact

Bitcoin plunged Tuesday after FTX revealed it was starting initial customer repayments over two years since the exchange's collapse, as lingering concerns re-emerge over the potential market and sentiment implications of the refunds.

International Business Times

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Anthropic hired president Daniela Amodei's husband to work on the company's AI safety strategy

The AI startup has been on a hiring spree, quietly bringing aboard EA philanthropist Holden Karnofsky, as well as Niki Parmar, whose research helped set off the current AI boom.

Fortune

Fraud trial of Forbes ‘30 Under 30’ honoree set to lift lid on startup culture

Case against Frank founder Charlie Javice for allegedly defrauding JP Morgan has been compared to that of Theranos’ Elizabeth Holmes

The Guardian - UK

Will Trump Pardon Sam Bankman-Fried Of Collapsed FTX? Why It May Not Happen

Seemingly encouraged by the full pardon for Silk Road's Ross Ulbricht, Sam Bankman-Fried's parents are reportedly aiming to get their son freed through a presidential pardon and have supposedly met with some prominent people within the U.S. president's circle.

International Business Times

From crypto bro to commerce secretary pick: Howard Lutnick’s glaring conflict of interest

Trump’s choice shows how his friends and their business interests benefit from policy positions in his administration

The Guardian - US

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Tom Brady’s Net Worth: How The NFL Legend Built His $300M Fortune

Discover how Tom Brady built his $300 million net worth through his NFL career, endorsements, and savvy investments. Explore his journey to financial success in 2024! The post Tom Brady’s Net Worth: How The NFL Legend Built His $300M Fortune first appeared on Bored Panda.

Bored Panda

FTX Executives Shave Time Off Prison Sentences

Former FTX executives convicted in a crypto fraud case see reductions in prison sentences. Salame's release date moved to March 1, 2031, and Ellison to Jul...

Top News

FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried

An apologetic FTX co-founder has been sentenced to no time in prison after a prosecutor and a judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud

The Independent UK

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The Guardian - US

Bitcoin clears $93,000 and Dogecoin soars amid Trump-fueled crypto rally

Cryptocurrency boosters are expecting the president-elect’s economic team to be crypto-friendly

The Independent UK

Bankrupt and disgraced FTX sues Binance for $1.8 billion in bare-knuckle crypto feud

Imprisoned crypto king Sam Bankman-Fried is now accused of yet even more wrongdoing, this time by the defunct exchange he founded.

International Business Times

US Seeks Recovery Of Millions In Crypto Linked To SBF's Alleged Chinese Officials Bribe

The U.S. has filed a legal complaint to recoup over $17 million in various cryptocurrencies linked to Sam Bankman-Fried's alleged bribery of Chinese officials in 2021.

The Guardian - US

Lena Dunham to write Sam Bankman-Fried movie for Apple

The Girls creator is set to adapt Michael Lewis’s bestselling 2023 book on the controversial FTX founder

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Fortune

FTX sues Binance and former CEO Zhao for $1.8 billion received as part of a “fraudulent” share deal

The lawsuit alleges that Bankman-Fried bought out Binance while knowing his firms were insolvent.

International Business Times

FTX Sues Crypto Exchange Binance For $1.8 Billion

FTX is suing Binance and its former CEO, Changpeng Zhao, for $1.8 billion, accusing them of engaging in a fraudulent share deal in July 2021.

The Guardian - UK

Bitcoin breaks $83,000 for first time on Trump trades; UK government sells £1bn of NatWest shares – as it happened

Cryptocurrency more than doubles since January on hopes of lighter regulation; latest share sale takes UK Treasury’s holding in NatWest to 11.4%

The Independent UK

Caroline Ellison begins 2-year sentence for her role in Bankman-Fried's FTX fraud

A former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire has begun her two-year prison sentence

International Business Times

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.

The Independent UK

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

Top News

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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