-
March 18, 2023 08:11 AM IST Bankman-Fried, 31, faces a trial set for Oct. 2 on charges of stealing billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, and making large illegal political donations to buy influence in Washington, D.C.
-
March 16, 2023 11:04 AM IST Overall more than $3.2 billion was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday.
- March 09, 2023 09:24 AM IST
The decision to shutter the bank comes after the company warned last week that it was evaluating its ability to operate as a going concern, disclosing that it had sold additional debt securities this year at a loss and that further losses mean the bank could be “less than well capitalized.”
- March 05, 2023 08:13 AM IST
Bankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits at FTX, his cryptocurrency platform.
- March 02, 2023 06:28 AM IST
Nishad Singh was the former co-lead engineer of FTX Trading Ltd. He is facing federal charges for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang.
- March 01, 2023 10:20 AM IST
Nishad Singh, an Indian-origin, ex Facebook employee was part of Sam Bankman-Fried’s inner circle that ran his crypto empire from a luxury penthouse in the Bahamas.
- February 21, 2023 07:12 AM IST
FTX Japan said its customers could withdraw assets through the website of Liquid Japan, a crypto exchange it bought in February last year.
- February 09, 2023 12:15 PM IST
How Sam Bankman-Fried and his band of millennial millionaires lost a $40bn crypto empire
- February 06, 2023 06:17 AM IST
The U.S. attorney’s office in Manhattan has created a special task force to pursue its investigation into the collapse of FTX, the crypto exchange founded by Bankman-Fried.
- February 01, 2023 09:43 PM IST
The ruling by US District Judge Lewis Kaplan came after federal prosecutors in Manhattan said FTX founder Sam Bankman-Fried might tamper with witnesses or destroy evidence in his criminal fraud case.
- January 31, 2023 09:10 AM IST
FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager's bankruptcy preceded FTX's filing by four months.
- January 31, 2023 07:06 AM IST
In a letter to U.S. District Judge Lewis Kaplan in Manhattan, prosecutors also asked that a bail condition that prevents Bankman-Fried from accessing or transferring assets at FTX and his Alameda Research hedge fund be left in place.
- January 28, 2023 11:27 PM IST
Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency.
- January 27, 2023 04:05 PM IST
The development comes after the DeFi startup had in November last year informed that it has "moved out" its funds FTX, which recently became bankrupt.
- January 26, 2023 10:23 AM IST
Standing idly by and letting crypto collapse is no way to maximise the benefits from this technology, a more proactive approach is needed
- January 21, 2023 07:00 AM IST
Bankman-Fried has pleaded not guilty to an eight-count indictment, including fraud and campaign finance law violations. He is accused of using FTX customer funds to prop up trading at Alameda, pay for personal expenses and real estate
- January 20, 2023 07:12 AM IST
John Ray, who took over the reins in November, has set up a task force to explore restarting FTX.com, the company's main international exchange, he said in an interview with the WSJ.
- January 18, 2023 07:43 AM IST
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
- January 18, 2023 06:38 AM IST
FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund
- January 13, 2023 02:01 PM IST
Sam Bankman-Fried, FTX founder, lost his billionaire status overnight last November as his personal wealth plummeted nearly 94 per cent to $991.5 million in a single day.
- January 13, 2023 12:18 PM IST
The Singapore-based company's announcement comes amid concerns about reserves and solvency across the sector, and only a few days after rival exchanges Coinbase Global Inc and Huobi announced their plans to lay off about 20% of their staff.
- January 13, 2023 07:02 AM IST
Federal prosecutors in Manhattan in December said Bankman-Fried stole billions of dollars from FTX customers to pay debts for his crypto-focused hedge fund, Alameda Research, purchase lavish real estate, and donate to U.S. political campaigns.
- January 12, 2023 10:59 PM IST
FTX filed for bankruptcy in November after a run on customer deposits exposed an $8 billion hole in its accounts.
- January 12, 2023 12:58 PM IST
Damian Williams faces big test in prosecuting high-profile case against FTX’s Sam Bankman-Fried
- January 11, 2023 10:07 PM IST
The $5 billion recovered does not include assets seized by the Securities Commission of the Bahamas, where Sam Bankman-Fried was located, said Andy Dietderich, an attorney for FTX.
