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The Latest Breaking News from FTX

Former FTX Executive Seeks No Prison Time At Sentencing

Former FTX executive Caroline Ellison seeks no prison time for cooperation in cryptocurrency fraud case.

Sam Bankman-Fried encouraged Adderall use says ex-girlfriend Caroline Ellison in bid to avoid prison

The former Alameda Research CEO asked prosecutors for no prison time ahead of her sentencing later in September.

Fortune · Sep 11, 2024

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing

Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month

The Independent UK · Sep 11, 2024

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New campaign finance violation case illustrates that the FTX criminal saga may be far from over after DOJ charges crypto lobbyist

The Department of Justice charged crypto lobbyist Michelle Bond with illegally financing her congressional campaign with FTX funds.

Fortune · Aug 23, 2024

Former FTX Exec's Partner Michelle Bond Charged For Campaign Finance Violations

Michelle Bond, largely known for her congressional bid in 2022, has been indicted over charges related to illegal financing of her campaign – she received $400,000 from defunct crypto exchange FTX.

International Business Times · Aug 23, 2024

EXCLUSIVE: Former Binance Policy Chief Talks New Bitget Role, International Compliance, Constructive Regulation

Hon Ng was recently appointed as Bitget's Chief Legal Officer, and he is more than ready to help Bitget become a leader in compliance and regulatory collaboration efforts in the burgeoning crypto industry.

International Business Times · Aug 20, 2024

Why Silicon Valley falls prey to ‘charisma distortion,’ according to investor and Google X founding member Tom Chi

Silicon Valley loves a charismatic visionary. Sometimes a little too much, like when that vision outstrips reality. I recently talked about this with Tom Chi, once a founding member of Google X and now founding partner at At One Ventures.

Fortune · Aug 19, 2024

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Nate Silver charts the course of risk-taking, from Sam Bankman-Fried to Sam Altman

For Nate Silver poker, Sam Bankman-Fried, and the future of AI are all connected by one thing—risk-taking.

Fortune · Aug 12, 2024

US Orders FTX, Alameda To Pay $12.7 Bn To Victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

International Business Times · Aug 9, 2024

Bankrupt crypto exchange FTX ordered by US court to pay customers $12.7bn

Compensation order comes five months after founder Sam Bankman-Fried was jailed for role in collapse

The Guardian - UK · Aug 9, 2024

FTX ordered to pay $12.7 billion in massive crypto fraud case

Sam Bankman-Fried, the founder of FTX, was sentenced in March to 25 years in prison for stealing $8 billion from customers

The Independent UK · Aug 8, 2024

Sequoia Capital invested early in Google, Nvidia, and Apple. Can Roelof Botha keep the legendary venture capital firm ahead in the AI future?

The firm and its leader are rethinking the way they invest in companies, the way they relate to founders, and even the way they think.

Fortune · Jul 25, 2024

SkyBridge Capital's Anthony Scaramucci Explains Why Bitcoin Prices Could Reach $100K By Year-End

Despite mounting selling pressures on Bitcoin, Anthony Scaramucci sees multiple bullish factors for the coin and thinks it can reach a value of $100,000 by year-end.

International Business Times UK · Jul 10, 2024

3 Groups File Competing Claims For Sam Bankman-Fried's $11B Forfeited Assets

Sam Bankman-Fried was ordered to forfeit $11 billion in assets after he was found guilty of fraud and other related charges late last year, and now three separate groups are claiming all or some of the assets linked to the collapse of the FTX crypto empire.

International Business Times · Jun 17, 2024

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The Guardian - US · Jun 16, 2024

Sam Bankman-Fried funded a group with racist ties. FTX wants its $5m back

The Guardian reveals FTX trustees, in charge after the CEO’s downfall, allege payments were made with looted funds

International Business Times · Jun 14, 2024

Biting Off More Than It Can Chew: Senator Doubts CFTC Can Oversee Digital Commodities

Thursday's Senate Appropriations subcommittee hearing was on fire as CFTC Chair Rostin Behnam was questioned about the regulator's capability in overseeing the digital assets industry.

Fortune · May 29, 2024

Former FTX executive Ryan Salame is not pleased with his prison sentence

Despite pleading guilty, Sam Bankman-Fried's former lieutenant received a harsher sentence than prosecutors asked for—and took to X to voice his displeasure.

Former FTX Executive Sentenced To 90 Months In Prison

Former FTX executive sentenced to 90 months in prison for unlawful campaign donations linked to embezzlement case.

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The Independent UK · May 28, 2024

Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison

A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison

The Independent UK · May 28, 2024

Top FTX executive jailed over connections to collapsed crypto empire

Ryan Salame, 30, was sentenced to seven-and-a-half years in prison after pleading guilty

Fortune · May 24, 2024

Sam Bankman-Fried and his crew overpaid for real estate, Bahamas listings show

Property prices are soaring in the island paradise but the liquidator selling them off the FTX crew's 52 properties is unlikely to recover what they paid.

The Conversation · May 22, 2024

Collapsed FTX exchange plans to repay investors - this could be a fresh start for crypto

Collapsed cryptocurrency exchange FTX recently announced that the majority of creditors who lost money in its bankruptcy scandal will be repaid their missing funds. This has become possible now – 18 months after the business filed for bankruptcy – because FTX and sister company Alameda Research have raised cash by…

International Business Times · May 17, 2024

French Regulator Reiterates Crypto Giant ByBit Is Blacklisted, Signals Further Enforcement Action

After Hong Kong, France's securities regulator has now released a warning notice to the public regarding ByBit, reiterating that the crypto exchange is not authorized to operate in the country.

The Guardian - UK · May 12, 2024

Wytham Abbey put up for sale for £15m by effective altruism group EVF

Effective Ventures Foundation puts 27-bedroom house visited by Queen Elizabeth I on sale after paying nearly $27m to FTX creditors

International Business Times · May 9, 2024

Bankruptcy Survivor Core Scientific Self-Mines $175M Worth Of Bitcoin In Q1

Core Scientific mined a significant amount of Bitcoin in the first quarter of the year, even as it just emerged from bankruptcy in January.

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