Sam Bankman-Fried was found guilty of stealing billions of dollars Thursday. But reports say there’s more to the case than fraud and money laundering—and it’s tied to China. Mr. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX and linked crypto trading company Alameda Research. According to testimony from ex-Alameda CEO Caroline Ellison, Mr. […]
Hundreds of U.S. schools are now under the control of one Chinese company. Its chairman is allegedly a member of the Chinese Communist Party (CCP). Rounds of new action are making their way through Congress. Lawmakers on both sides of the aisle are pushing through one legislation after another with a goal in mind: countering […]
Is the story behind Sam Bankman-Fried’s FTX fraud case a tale as old as time—or is it a new phenomenon and unique to cryptocurrencies? What does the case mean for the cryptocurrency industry going forward? NTD spoke to Vance Ginn, the former chief economist at the White House’s Office of Management and Budget, for his […]
NEW YOR—FTX founder Sam Bankman-Fried testified on Thursday at his fraud trial outside the jury’s presence that lawyers at his now-bankrupt cryptocurrency exchange were involved in key decisions at the heart of the case, as he sought to distance himself from responsibility for any wrongdoing. Bankman-Fried, taking the witness stand hours after the prosecution rested […]
NEW YORK—Caroline Ellison, the tech executive who ran Sam Bankman-Fried ’s hedge fund while sometimes dating him, testified Tuesday that he directed her to commit crimes before his cryptocurrency empire collapsed last November. She also revealed that her former boss thought he might be U.S. president someday. With Mr. Bankman-Fried watching from his courtroom seat, […]
NEW YORK—Sam Bankman-Fried’s lawyers and federal prosecutors clashed on Wednesday in opening statements over whether the former billionaire’s FTX cryptocurrency exchange collapsed due to “massive” fraud by its founder or errors in business judgment. Mr. Bankman-Fried, 31, has pleaded not guilty to charges he used FTX customer money from the exchange’s 2019 launch until its […]
NEW YORK—Jury selection began Tuesday in the fraud trial of FTX founder Sam Bankman-Fried after a prosecutor revealed that no discussions about a potential plea agreement took place in the nearly 10 months since the cryptocurrency executive was arrested and brought to the United States. Once a billionaire, the 31-year-old crypto mogul faces the possibility […]
NEW YORK—FTX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him. U.S. District Judge Lewis A. Kaplan ordered Mr. Bankman-Fried’s bail revoked after prosecutors said he’d tried to harass a […]
FTX founder Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, asks a judge to drop 10 of the 13 criminal charges in his indictment on June 15. The hearing is before U.S. District Judge Lewis Kaplan in Manhattan federal court.
NEW YORK—FTX founder Sam Bankman-Fried was ordered to return to a New York courtroom this week after the federal judge assigned to his fraud case said he’s communicating with others in ways the government can’t monitor. His lawyers, however, say he was merely accessing postseason NFL football games. Judge Lewis A. Kaplan on Tuesday scheduled […]
Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused herself on Friday after learning […]
FTX founder Sam Bankman-Fried has been extradited from the Bahamas and is now in federal custody in the United States, according to a U.S. prosecutor and media reports, with the accused fraudster expected to appear in front of a judge in relatively short order. Manhattan U.S. Attorney Damian Williams said in a video posted on […]
Two associates of failed FTX boss Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange. Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges in connection with “their roles in the fraud that contributed to FTX’s collapse,” […]
After former FTX CEO Sam Bankman-Fried decided to agree to be extradited to the United States to face fraud charges, he is expected to appear in Bahamas court at around 10:45 a.m. ET on Dec. 21. NTD will livestream the event.
Sam Bankman-Fried may be ready to come to the United States to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas. A lawyer for Bankman-Fried was quoted as saying Monday the disgraced FTX founder has agreed to be extradited to the United States. A court […]
On Dec. 13, the House Financial Services Committee held Part One of its “Investigating the Collapse of FTX” hearings, where current FTX CEO John J. Ray III testified and Samuel Bankman-Fried, the founder and former CEO of the failed crypto exchange, was scheduled to appear remotely until his arrest in the Bahamas on Monday interfered. […]
