Tag: Sam Bankman-fried

FTX Bankruptcy: Resolving Legal Complexities and Restoring Investor Trust

FTX aims to return 100% of claim amounts to non-governmental creditors within 60 days of bankruptcy filing. The involvement of Sullivan & Cromwell...

Crypto King’s Downfall: Sam Bankman Fried Sentenced to 25 Years in Prison

After four hours of jury deliberations, Sam Bankman Fried was charged with crypto fraud and money laundering attempts alongside several other cases, resulting...

Sam Bankman Fried: Unexpected Twists and Turns in the Aftermath of the FTX Fiasco

According to the court's verdict, the former crypto king was guilty of looting over $8 billion of the exchange's user funds.  Federal prosecutors...

Bankman-Fried’s Legal Battle: Setbacks Deepen with Denial

The U.S. Court of Appeals has rejected FTX founder Sam Bankman-Fried's plea for release during the appeal process for the Second Circuit. The...

The Finale of the FTX Saga

After only a month of court proceedings and four hours of jury deliberations, the court found Sam Bankman Fried guilty of all seven...

Sam Bankman-Fried Trial Sparks Debate on Regulatory Measures in Crypto Industry

The ongoing trial of former FTX CEO Sam Bankman-Fried involves contrasting testimonies regarding the alleged fraudulent activities at the cryptocurrency exchange. Discussions surrounding...

Sam Bankman-Fried trial enters final stages ahead of conclusion

The Sam Bankman-Fried trial reveals the cryptocurrency industry's financial complexities and ethical issues. The prosecution has highlighted deceptive practices and an $8...

Judges weighing releasing former FTX CEO Sam Bankman-Fried

Former FTX CEO Sam Bankman-Fried is seeking a pre-trial release, but a three-judge panel is deliberating the decision The judges are casting doubt...

FTX seeks to draw $700M from Bankman Fried in lawsuit

FTX, a major crypto trading firm, has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware, seeking over $700 million from investment firms it had previous ties with. The lawsuit, filed on June 22, contains 16 counts. The defendants named in the lawsuit include K5 Global, Mount Olympus Capital, SGN Albany Capital, and individuals Michael Kives and Bryan Baum. They are accused of being involved in transactions that resulted in the transfer of funds from FTX-affiliated firm Alameda Research.

FTX co-founder Sam Bankman-Fried slapped with two criminal trials

The former CEO is now facing two separate trials for the charges against him during his time as the CEO, including mismanagement of...

Solana plummets due to its association with FTX

When FTX was still at the top of its game, it amassed vast sums of  SOL(Solana). This boosted Solana's ratings and ecosystem significantly. ...

Sam Bankman-Fried, former Billionaire and FTX boss arrested

On December 12, 2022, Sam BankMan Fried or SMF, woke up to a rude awakening as the Royal Bahamas Police Force entered his...