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The Latest Breaking News from FTX

Prosecutors Urge 40-50 Years For Crypto Fraudster Bankman-Fried

US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents showed Friday.

International Business Times

Sam Bankman-Fried deserves 40 to 50 years for FTX fraud, prosecutors say

Manhattan prosecutors condemn former FTX chief’s ‘unmatched greed and hubris’ and seek long sentence for $8bn fraud conviction

The Guardian - US

Prosecutors Seek 40-50 Years For FTX Fraud By Bankman-Fried

Prosecutors seek lengthy prison term for FTX founder Sam Bankman-Fried over alleged fraud at cryptocurrency exchange.

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Bitcoin's Rebound Sparks Hope For Crypto Market Recovery

Bitcoin's resurgence is driving optimism in the cryptocurrency market, with potential for growth and increased investor interest.

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Bitcoin hits a record high. Here are 4 things to know about this spectacular rally

Bitcoin hit a record high, marking a remarkable comeback from a period known as the "crypto winter." A big catalyst behind the gains has been the approval of new bitcoin investment funds.

WEKU

FTX-Linked Crypto Hedge Fund LedgerPrime Reboots As MNNC Group: Report

LedgerPrime, which was forced to wind down when FTX crumbled late in 2022, has returned under a new name and is looking to duplicate or surpass its achievements during its peak.

International Business Times

SBF's New Legal Team Seeks Leniency For 'Non-violent' Founder Of Fallen FTX

Sam Bankman-Fried's new lawyers want a more lenient sentence for their client, whom they argue did not commit heinous or predatory acts.

International Business Times

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Sam Bankman-Fried lawyer argues long prison sentence would be ‘grotesque’

Disgraced cryptocurrency mogul faces 100 years for wire fraud and conspiracy to launder money, a term his lawyer calls ‘barbaric’

The Guardian - US

FTX Founder Faces Potential 100-Year Prison Sentence

FTX founder Sam Bankman-Fried's lawyer criticizes a suggested 100-year prison sentence, arguing for a shorter term due to improper sentencing guidelines an...

Top News

States Rushing To Regulate Cryptocurrency Markets Amid FTX Fallout

States like California, New Jersey, and Illinois are exploring local crypto regulations post-FTX scandal, raising concerns about potential impacts on the i...

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FTX To Sell Shares In AI Startup Anthropic

FTX to sell shares in AI startup Anthropic, reflecting fintech-crypto evolution and strategic growth opportunities.

Top News

SBF Says He's Sticking With New Lawyers Through Sentencing Despite Possible Conflicts

SBF said he was aware of potential conflicts of interest in hiring a lawyer who also represented the founder of another collapsed crypto firm that FTX has had business interactions with.

International Business Times

Supposed First Prison Photo Of SBF Shows Thinner, Bearded FTX Founder

A photo of Sam Bankman-Fried in jail has emerged, showing a thinner and bearded inmate who was once called the "golden boy of crypto."

International Business Times

Crypto Hedge Fund Tyr Allegedly Ignored FTX Warnings: Report

TGT has accused Tyr Capital of ignoring investor concerns regarding FTX and requested for a "dawn raid" on the crypto hedge fund manager's offices in August 2023, a new report revealed.

International Business Times

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International Business Times

NBA Sued Over Promotional Deals With Collapsed Crypto Lender Voyager Digital, FTX

The NBA has been sued for its marketing links to Voyager Digital, just one of several crypto firms that collapsed in 2022, triggering the infamous "crypto winter."

International Business Times

Judge Approves BlockFi Settlement With 3AC, But Denies Documents' Unsealing

BlockFi and 3AC have been allowed to proceed with their settlement, but the details of which will remain confidential for several reasons that include the defunct crypto hedge fund's ongoing bankruptcy proceedings.

International Business Times

US Treasury's Yellen To Urge Congress For Legislation On Stablecoins, Crypto Spot Markets

Janet Yellen will urge lawmakers on Tuesday to pass legislation that will establish the regulatory framework for crypto regulation, including rules for stablecoins and spot markets.

International Business Times

Crypto Exchange OPNX To Shut Down As FTX Bankruptcy Claims Reach 'Recovery'

OPNX, the exchange founded by two of the people behind fallen crypto hedge fund Three Arrows Capital, will shut down this month.

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International Business Times

US Charges 3 In $400 Million Sim-Swapping Hack Linked To FTX

A U.S. court has charged three individuals for staging a SIM-swapping hack that reportedly victimized FTX, Sam Bankman-Fried's fallen crypto exchange.

International Business Times

FTX Scraps Relaunch Plans, Expects Full Customer Repayment

FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, said it has abandoned plans to relaunch and will instead focus on liquidating assets so it can repay customers.

The Guardian - US

FTX scraps plan to revive exchange and will repay billions to customers

Cryptocurrency exchange founded by Sam Bankman-Fried ‘an irresponsible sham created by a convicted felon’, lawyer says

International Business Times

Judge Advocates For Focused And Fast-Track Approach In FTX Bankruptcy Investigation

During this week's hearing, the Office of the U.S. Trustee, the federal entity responsible for overseeing corporate bankruptcies, advocated for keeping the cost, duration and extent of the fresh investigation open until after the examiner's appointment.

International Business Times

FTX's Billion-Dollar Exodus: Major Sell-Off Shakes Up Grayscale Bitcoin Trust ETF

FTX reportedly divested nearly two-thirds of its GBTC holdings within the initial three trading days of the fund's operation as an ETF.

International Business Times

Crunching Numbers: Solana Poised to Outshine Ethereum By 5x, Say Glassnode Co-Founders

Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.

International Business Times

SBF Controversy Continues: Bankman And Fried Counter FTX's Clawback With Dismissal Request

FTX did not specify the exact sum allegedly misappropriated by Bankman and Fried but detailed certain expenditures: Bankman's annual remuneration of $200,000 as a senior adviser to the FTX foundation, over $18 million allocated for Bahamian real estate, and $5.5 million in contributions made by the FTX Group to Stanford…

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