The Latest Breaking News from Sam Bankman-Fried

Federal prosecutors warn crypto companies to get in line, lest Sam Bankman-Fried and FTX’s fate befall them.

Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud".

Bankrupt cryptocurrency exchange FTX’s co-founder Sam Bankman-Fried announced on Friday that he will testify before Congress

The new CEO of the cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago

Founder and CEO of cryptocurrency exchange could not appear before Congress

Former CEO Sam Bankman-Fried is accused of raising more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets. Instead, the complaint says, Bankman-Fried diverted customers’ money into his privately-held crypto fund without…

Chat group on the platform Signal was reportedly used to send end-to-end encrypted information about FTX and its hedge fund

The charges include conspiracy to defraud the U.S., wire fraud, securities fraud, and money laundering.

He was arrested Monday by Bahamas police and is expected to be extradited to the U.S.