Tag Archives: sam bankman-fried

Sam Bankman-Fried – the former crypto executive behind popular digital currency trading platform FTX – has been charged with violating the Foreign Corrupt Practices Act by allegedly attempting to bribe officials from China. Sam Bankman-Fried Is Facing New Charges Prosecutors claim that Sam Bankman-Fried attempted to send money to Chinese officials so they would unfreeze roughly $1 billion under his name. The money is being held through his secondary company Alameda...

Scaramucci stated that it was more likely that FTX, once valued at $32 billion, would end up selling its software and licensure before opening under a new brand.  Skybridge Capital founder Anthony Scaramucci does not think the defunct crypto exchange FTX can be revived any time soon. The financier and former White House communications director explained that many exchanges were not making much money under current market conditions. “I don’t see how it’s possible to restart FTX. Not a lot...

While the reasons for Sun’s recent financial transactions remain unknown, he has responded to the claims with just a comment “4” a number that signifies False News and Fear, Uncertainty and Doubts (FUD) amongst others. On-Chain data from crypto analytics firm, Lookonchain has shown that Justin Sun, the founder of the Tron Blockchain protocol has been liquidating some of his assets over the past 24 hours. According to the data from Lookonchain, the popular crypto innovator transferred a...

FTX’s lead attorney said that restarting the exchange would require significant capital and there was an internal debate about whether this money should come from FTX’s estate capital or through third-party capital. The legal team behind the debtors of the bankrupt crypto exchange FTX recently suggested that the exchange could consider a reopening by mid-2023 which has a positive impact on FTT price. FTX’s attorneys from Sullivan & Cromwell made the announcement during a court hearing...

Another executive that worked with the now defunct crypto exchange FTX has pleaded guilty to criminal charges. Nishad Singh – who worked as the former director of engineering at the exchange – has pleaded guilty to approximately six conspiracy charges, as well as conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to violate federal campaign finance laws. Another FTX Employee Has Been Taken Down Damian Williams – a US attorney for the...

On Thursday, embattled ex-FTX CEO SBF pled not guilty to the latest federal charges, which he also does not acknowledge.  Disgraced former FTX CEO Sam Bankman-Fried (SBF) recently pled not guilty to five additional federal fraud and bribery charges. SBF appeared in a New York federal court on Thursday to plead not guilty to the latest charges related to FTX’s collapse. In a superseding indictment Tuesday, the Attorney’s Office for the Southern District of New York revealed the criminal...

As per the proposed conditions, FTX founder Sam Bankman-Fried will get a new phone with no internet capability limited to voice calls and text messages. On Monday, March 27, lawyers of FTX’s disgraced founder Sam Bankman-Fried said that they have reached an agreement with US prosecutors over the new bail conditions. This development comes as the judge raised the prospect of sending SBF to jail pending trial. The newly proposed conditions have been submitted for approval to District Judge...

It looks like the crypto contributions made to politicians by Sam Bankman-Fried – the former founder and chief executive of digital currency exchange FTX – are coming back to haunt him. Four new criminal charges have been filed against him, some of which stem from the political contributions he made to democrat candidates in the past. Bankman-Fried NEVER Should Have Gotten Involved in Politics It is alleged that Sam Bankman-Fried tried to buy his way into Congress and...

As part of the agreement, debtors will sell roughly $95 million worth of preferred stock back to Mysten Labs in addition to $1 million in SUI tokens. On Thursday, March 23, debtors of the collapsed crypto exchange FTX filed a motion in the bankruptcy court seeking a $95 million stake in the Delaware-based Web3 firm Mysten Labs. Crypto exchange FTX has been surviving to pay its customers impacted by the collapse of the exchange last year in November 2022. Before it fall, FTX had paid $101...

Modulo’s $460 million marks a significant recovery in the ongoing bankruptcy case. Bankrupt crypto exchange FTX is currently working toward recovering some of the customer funds that were reportedly misappropriated. To this end, it filed a motion on Wednesday that would see it recover $460 million in assets for stakeholders. Per the filing, the fund is being recovered from Bahamas-based hedge fund Modulo Capital, which received no less than $475 million from Alameda Research – the...