Disgraced former FTX CEO Sam Bankman-Fried said on Tuesday he is “haunted” by his decisions, which led to the collapse of the digital currency exchange and billions of dollars of customers and investors’ funds lost.
Disgraced former FTX CEO Sam Bankman-Fried’s legal team has claimed that customers have lost “zero” dollars despite an estimated $11 billion in customer and investors losses due to Bankman-Fried’s fraud.
Disgraced FTX CEO and Democrat Megadonor Sam Bankman-Fried on Thursday was sentenced to 25 years in jail for fraud after facing up to 100 years in jail.
Disgraced FTX founder and Democrat super donor Sam Bankman-Fried, who was convicted of fraud and money laundering last year, returns to a New York court Thursday to be sentenced for his crimes.
In a scathing letter to Judge Lewis Kaplan, FTX Trading CEO John Ray alleges that disgraced FTX founder Sam Bankman-Fried made “callously” and “demonstrably false” claims in his sentencing memo to secure a lighter prison term. According to Ray, the harm caused by SBF is “vast” and his remorse is “nonexistent.”
Salvadoran President Nayib Bukele announced on Thursday evening that the Central American country has moved some $400 million worth of Bitcoin cryptocurrency assets to a “cold wallet” secured in a physical vault in the country’s territory.
The FBI’s Internet Crime Complaint Center (IC3) has revealed a staggering increase in financial losses due to cybercrime in the United States, reaching an unprecedented $12.5 billion in 2023. This represents a 22 percent jump in losses over 2022.
Sen. Cynthia Lummis railed against Biden’s “absurd” scheme to survey electricity consumption from the cryptocurrency mining industry.
Two Cleveland-area brothers were indicted on Thursday by federal prosecutors for fraud and money laundering schemes after allegedly posing as members of the United Arab Emirates (UAE) royal family to run a crypto scam and con investors out of millions of dollars.
Tel Aviv-based blockchain analysis company Lionsgate Network has helped the Israeli government recover $90 million in Hamas cryptocurrency since the October 7 attack.
The Maduro regime unceremoniously killed its scam cryptocurrency, the “Petro,” in January.
The United Nations Office of Drugs and Crime (UNODC) released a report on Monday that accused North Korean state-controlled hackers of sharing their shadowy banking and money-laundering networks with scam artists and drug traffickers across Southeast Asia, including Myanmar, Thailand, Laos, and Cambodia.
Sen. Cynthia Lummis (R-WY), a leading advocate for digital currencies, endorsed Ohio Senate Republican candidate Bernie Moreno’s bid to oust the anti-crypto Sen. Sherrod Brown (D-OH).
Senate Banking Committee Chairman Sherrod Brown’s (D-OH) anti-digital currency stance pits him against pro-crypto Senate Republican candidate Bernie Moreno, who has championed moves to turn Cleveland into a crypto hub.
During a Senate Banking Committee hearing, JPMorgan Chase CEO Jamie Dimon expressed strong opposition to cryptocurrencies, suggesting that the government should ban them.
Disgraced former FTX CEO Sam Bankman-Fried, once seen as the “next Warren Buffett,” is now trading mackerel in jail for a jailhouse haircut.
Civitai, an online marketplace for AI models, has recently introduced a controversial feature allowing users to post “bounties” for creating deepfake images of real people, including normal people without significant public presence. Creators earn money for completing the bounties, which may be used for deepfake porn or other nefarious purposes.
Several friends of Sam Bankman-Fried’s parents said that they have yet to see them express any regrets about their actions after Bankman-Fried was convicted and as they face an upcoming trial for “fraudulently” transferring and misappropriating millions of dollars from FTX.
ApeFest, a festive gathering for “Bored Ape Yacht Club” NFT enthusiasts in Hong Kong took an alarming turn as several attendees reported distressing eye injuries and skin damage, reportedly caused by UV lights used on the event’s stage.
The testimony against disgraced former FTX CEO Sam Bankman-Fried and his own squirrely testimony may have led to his conviction.
Sam Bankman-Fried has been found guilty of all charges stemming from the collapse of his cryptocurrency exchange company FTX.
What do Hamas, fentanyl, North Korea, China, and the U.S. debt have in common? They are all funded in part by a cryptocurrency called Tether.
Disgraced former FTX CEO Sam Bankman-Fried appeared to suffer from memory loss, dodged questions, and gave vague answers when answering the prosecutions’ questions.
Jimmy Zhong, initially a victim of a cryptocurrency theft, has emerged as the criminal mastermind behind one of the most colossal bitcoin thefts in history, ending the mystery of a $3 billion theft from the dark web’s infamous marketplace, Silk Road.
Disgraced former FTX CEO Sam Bankman-Fried testified on Thursday that he was “not sure” whose decision it was to use FTX customer funds for investments on the hedge fund Alameda Research.
An FBI investigation has uncovered a shadowy “cash-for-Bitcoin” scheme in New York City, where a group has been accused of laundering at least $30 million through a covert service aimed at helping crooks wash cryptocurrency they steal.
North Korea and other “nation-state criminal actors” are attempting to use artificial intelligence to write “malicious software,” a U.S. security official said Wednesday, in what appears to be the first time the U.S. government has publicly confirmed the use of AI in cyber warfare.
Judge Lewis Kaplan, the judge presiding over the court case against disgraced former FTX CEO Sam Bankman-Fried, on Wednesday snapped at lawyers on both sides for bringing in witnesses that have little to say.
Disgraced former FTX CEO Sam Bankman-Fried’s lawyers claimed on Tuesday that the digital currency exchange’s investments were not “reckless” as FTX employees expressed concerns about buying a $30 million penthouse in the Bahamas.
Nishad Singh, a Sam Bankman-Fried colleague, testified on Monday that the disgraced former FTX CEO had FTX employees make political donations in his name despite the company’s massive shortfall.
Disgraced former FTX CEO Sam Bankman-Fried’s lawyers on Sunday asked the judge for more Adderall, claiming that he would not be to meaningfully participate in the defense without the drug.
As disgraced FTX CEO Sam Bankman-Fried contends with legal battles in the courtroom, a hacker (or FTX insider) has reportedly seized the opportunity, attempting to launder over $470 million in cryptocurrency stolen from the exchange at the same time.
Disgraced former FTX CEO Sam Bankman-Fried believed that rival digital currency exchange Binance leaked an FTX balance sheet to the media to hurt FTX, according to documents presented in court.
Alameda Research, the sister company of FTX, bribed a Chinese government official and even used the identities of Thai prostitutes to unlock $1 billion of frozen funds on other digital currency exchanges, according to the testimony of Caroline Ellison, the ex-girlfriend of disgraced FTX CEO Sam Bankman-Fried.
Caroline Ellison, the former CEO of hedge fund Alameda Research, testified on Tuesday that she committed fraud at the behest of former FTX CEO Sam Bankman-Fried, saying it looked like they funneled money to FTX executives.
More than 800 Canadian citizens have had their bank accounts shut down since 2018, including hundreds who participated in the pivotal trucker protests against coronavirus policies in 2022, known as the Freedom Convoy.
The judge presiding over the criminal trial of disgraced former FTX CEO Sam Bankman-Fried has lost patience with Bankman-Fried’s lawyers only three days into the trial.
Employees at FTX, once a titan in the cryptocurrency exchange realm before its stunning collapse, uncovered a secretive backdoor used by Sam Bankman-Fried’s Alameda Research to siphon billions of dollars, laying bare a complex web of alleged fraud and mismanagement that precipitated the platform’s dramatic collapse.
Gary Wang, one of the cofounders of the digital currency exchange FTX, said on Thursday that he committed various forms of fraud during the court case against disgraced former FTX CEO Sam Bankman-Fried.
Disgraced former FTX CEO Sam Bankman-Fried’s defense counsel argued on Wednesday that the defendant is nothing more than a “math nerd who didn’t drink or party” and “didn’t steal from anyone.”
