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March 29, 2023 06:14 AM IST The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward. The indictment was returned on Monday.
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March 28, 2023 08:54 PM IST The payments came after Chinese officials in early 2021 froze some $1 billion in cryptocurrency trading accounts controlled by FTX affiliate Alameda, according to the filing.
- March 28, 2023 12:54 PM IST
Under some of the proposed new conditions, Bankman-Fried would have a new phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices.
- March 26, 2023 09:55 AM IST
Sam Bankman-Fried made effective altruism a punchline, but the do-gooding philosophy is part of a powerful tech subculture full of opportunism, money, messiah complexes—and alleged abuse.
- 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 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 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 23, 2023 08:11 PM IST
Bankman-Fried was previously charged with eight counts of fraud, money laundering and other charges over the collapse of the now-bankrupt exchange.
- February 09, 2023 12:15 PM IST
How Sam Bankman-Fried and his band of millennial millionaires lost a $40bn crypto empire
- February 09, 2023 10:31 AM IST
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
- 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 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 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 18, 2023 08:17 AM IST
FTX has said it had recovered over $5 billion in crypto, cash and liquid securities, but that significant shortfalls remained at both its international and U.S. crypto exchanges.
- 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 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.
- January 11, 2023 03:19 PM IST
FTX spent nearly $7 million on food in just nine months, bankruptcy court documents reviewed by Insider reveal.
- January 10, 2023 07:04 AM IST
Nishad Singh, who has not been accused of wrongdoing, attended a so-called proffer session last week at the Southern District of New York US Attorney’s Office, according to people familiar with the matter.
- January 06, 2023 07:17 AM IST
Several other former FTX executives have also engaged counsel to discuss their cooperation with prosecutors, two separate sources said.
