Sam Bankman-Fried, the founder of the bankrupt FTX cryptocurrency exchange, is arraigned in Manhattan federal court at 10:00 a.m. ET on March 30 on a 13-count indictment, including a new charge of conspiring to pay bribes to Chinese officials. Bankman-Fried previously pleaded not guilty to eight of the counts. U.S. District Judge Lewis Kaplan will […]
Sam Bankman-Fried, the disgraced co-founder of cryptocurrency exchange FTX, bribed Chinese government officials with $40 million in cryptocurrency, the Department of Justice alleged in a new 13-count indictment (pdf). Federal prosecutors stated that accounts belonging to Bankman-Fried and others “directed and caused the transfer” of at least $40 million in crypto “intended for the benefit […]
The IRS visited the home of a journalist as he testified about government abuse. Is it witness intimidation? We ask a civil rights group. At the first hearing on the Silicon Valley Bank collapse, senators questioned regulators on who is to blame for the failure. Generative AI images are starting to look real. Famous people […]
The bankrupt cryptocurrency exchange FTX is asking for the recipients of political donations from the company to give the money back and is threatening legal action if those recipients refuse. In a Sunday press release, FTX and its affiliated debtors announced they have been sending requests for refunds from political figures, political action funds, and […]
Crypto exchange FTX has more than $5 billion in cash and liquid cryptocurrencies and securities, an attorney for the beleaguered company confirmed on Wednesday. The Sam Bankman-Fried-founded company filed for bankruptcy in November and U.S. prosecutors have accused Bankman-Fried of orchestrating fraudulent activity that may have cost investors, customers, and lenders billions of dollars. Attorneys […]
FTX founder Sam Bankman-Fried pleaded not guilty in a federal court Tuesday to charges of fraud, conspiracy, campaign finance law violations, and money laundering. Bankman-Fried, 30, entered his plea via his lawyer before District Judge Lewis Kaplan in Manhattan federal court. During the hearing, Kaplan set a trial date for Oct. 2, 2023. A federal prosecutor, Danielle […]
FTX founder Sam Bankman-Fried pleaded not guilty to all eight counts against him. This set off a lengthy legal battle, with Bankman-Fried’s freedom on the line. Kentucky is putting big banks on notice—saying if they don’t stop boycotting fossil fuel companies, the state will pull its money out. Chaos emerges in the House of Representatives, […]
Former FTX chief executive Sam Bankman-Fried is expected to be arraigned and enter a plea in Manhattan federal court at 1:00 p.m. on Jan. 3. Sam Bankman-Fried, the founder of failed crypto exchange FTX, faces a litany of civil and criminal charges, including conspiracy to commit money laundering and wire fraud.
Arizona’s outgoing governor ordered the construction of a makeshift border wall back in August. Now, Arizona is taking it down after a U.S. government lawsuit. Sam Bankman-Fried is out on bond. But his release comes with strict conditions. The FTX founder awaits trial in what’s being called one of the largest financial frauds in American […]
