Ftx

Bankrupt cryptocurrency exchange FTX has recovered $7.3 billion in cash, liquid crypto assets

FTX's new CEO John Ray has detailed improper fund transfers and poor accounting at the collapsed crypto exchange, describing it as a 'complete failure' of controls

Why did FTX founder Sam Bankman-Fried bribe Chinese officials?

FTX founder Sam Bankman-Fried has been charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment

US charges Sam Bankman-Fried for bribing Chinese officials

The payments came after Chinese officials in early 2021 froze some $1 billion in cryptocurrency trading accounts controlled by FTX affiliate Alameda, according to an amended criminal indictment signed by US Attorney Damian Williams

FTX’s Sam Bankman-Fried’s Oct trial likely to be delayed as lawyers need more time to prepare

FTX’s Sam Bankman-Fried was set to face a trial starting October, on a total of 12 charges including fraud, to which he pleaded not guilty. However, his lawyers have stated that the trial may be delayed as they need more time to prepare.

What meltdown? As scandals rise, cryptocurrency believers' faith remains unshaken

Once touted as the future of money, a challenge to the world’s central banks, not to mention a clever investment, crypto now carries the odour of disaster. But some crypto faithful see an upside to the wipe-out of 2022

FTX founder Sam Bankman-Fried back in the US, released on a $250M bond and placed under house arrest

Sam Bankman-Fried who is accused of “perpetrating a fraud of epic proportions” has been released to his parents, against a bond of $250 million bond, and will be put under house arrest while he awaits his trial. If convicted, SBF may end up spending the rest of his life in jail.

Sam Bankman-Fried consents to extradition, taken to the US by law enforcement

FTX’s founder Sam Bankman-Fried is being extradited to the US. While his lawyers are trying to arrange bail, things aren’t looking good. If convicted, SBF could spend the rest of his life in prison

Associates of FTX co-founder Sam Bankman-Fried plead guilty to criminal charges

Two of Sam Bankman-Fried’s closest associates have pleaded guilty to a number of criminal charges, in a plea bargain which would make them testify against FTX co-founder. The 30-year-old could spend the rest of his life in jail if convicted.

Chaos ensues at Sam Bankman-Fried’s extradition trial, FTX-founder sent back to Bahamian jail

FTX’s Sam Bankman-Fried had earlier said he would fight extradition to the US. However, he took everyone by surprise when he told the Bahama court that he won’t be fighting extradition. His lawyer interject saying he wasn’t aware of this, and that SBF may have been coerced.

Germany wants countries to regulate the crypto industry after the FTX and Bankman-Fried debacle

Germany’s plan to regulate crypto comes after Sam Bankman-Fried, the founder of FTX was arrested for misappropriating billions of dollars and violating campaign laws committing one of America's biggest financial frauds.