The trial of disgraced former FTX CEO and Democrat mega donor Sam Bankman-Fried began on Tuesday as the public sees the tech guru once seen as the “next Warren Buffett” transform into an indicted defendant who told his former girlfriend, “In a lot of ways I don’t really have a soul.”
Reports say that Super Bowl champion Tom Brady earned a whopping $55 million for about seven day’s worth of work as an FTX pitchman.
Members of the House Financial Services Committee from both parties, including GOP whip Rep. Tom Emmer (R-MN) have written to the SEC urging the agency to stop blocking the approval of various cryptocurrency ETFs.
A comprehensive study has unveiled that the vast majority of Non-Fungible Tokens (NFTs), once the darlings of the digital asset world, have plummeted to zero value, leaving nearly 23 million people holding onto worthless digital collectibles. According to market data, 95 percent of all NFT collections now have a total market value of zero.
FTX, the bankrupt cryptocurrency exchange, has filed a lawsuit against Allan Joseph Bankman and Barbara Fried, the parents of disgraced former CEO Sam Bankman-Fried, alleging the misappropriation of millions of dollars.
Faruk Fatih Ozer, the mastermind behind collapsed Turkish cryptocurrency exchange Thodex, has been handed a staggering 11,196-year prison sentence for a series of crimes including fraud, money laundering, and leading a criminal organization. Ozer’s crypto exchange resulted in losses as high as $2.6 billion for investors.
A recent study by Indiana University researchers reveals a surge in AI-generated spam bots on social media platforms, particularly exploiting OpenAI’s ChatGPT to promote scams and degrade online information quality.
Investors who purchased Bored Ape Yacht Club NFTs at highly inflated prices during the 2021 NFT craze have filed a lawsuit against the Sotheby’s auction house and other defendants, alleging deceptive practices. The Bored Ape co0llection, like most NFTs, have cratered in values in the years since the craze.
Prosecutors charged on Monday disgraced former FTX CEO Sam Bankman-Fried with using $100 million in stolen customer funds to donate to mostly Democrats during the 2022 midterm elections.
Sam Bankman-Fried, disgraced founder of the FTX cryptocurrency exchange and a Democrat super donor, has had his bail revoked by a judge ahead of his trial on fraud charges, over concerns that the crypto baron has engaged in witness tampering.
The U.S. Securities and Exchange Commission has accepted six spot bitcoin exchange-traded funds (ETF) applications for review. The agency has taken an aggressive stance against cryptocurrencies under President Joe Biden.
Binance, the giant cryptocurrency exchange, is laying off more than 1,000 employees amid a federal crackdown in the United States.
Tesla CEO Elon Musk finds himself at the center of a legal dispute with a group of Dogecoin investors claiming he manipulated the cryptocurrency. Now, the plaintiffs allege that Musk is financing an “unlawful harassment campaign” against them.
Alex Mashinsky, the founder of Celsius Network, was arrested this week on federal securities fraud charges. The crypto lending platform also agreed to pay a $4.7 billion settlement to regulators over its past mistreatment of investors.
Dan Friedberg, the former Chief Regulatory Officer of bankrupt cryptocurrency platform FTX, has reportedly been implicated in a lawsuit by the company that accuses him of aiding in the theft of billions of dollars from the platform’s customers by disgraced CEO and Democrat super donor Sam Bankman-Fried.
A 42-year-old mother of three children claims she lost her entire 401(K) to a scammer on Tinder as others have also reportedly come forward to speak on the issue.
Sam Bankman-Fried, the disgraced founder of crypto exchange FTX and a Democrat super donor, is set to stand trial in October on multiple criminal charges, including allegations of financial fraud involving billions of dollars. Despite the looming trial, prosecutors are now offering to drop some charges against SBF.
Elon Musk has been accused of insider trading by investors who alleged that he manipulated the price of the cryptocurrency Dogecoin, causing them to lose billions of dollars.
A blockchain analytics firm called Chainalysis estimated on Wednesday that suspected producers of the lethal drug fentanyl, largely located in China, have collected some $38 million in payments using cryptocurrency since 2018.
Disgraced FTX founder and Democrat super donor Sam Bankman-Fried asked a federal court in Manhattan on Monday to dismiss most of the criminal charges against him.
Popular crypto exchange Coinbase has issued a fiery challenge against recent SEC allegations and claims that it does not engage in trading unregistered securities. According to Coinbase, allegations from the SEC are based on “superficial and incorrect analogies to products and services offered by others.”
Cryptocurrency exchange Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) on Monday, urging the regulator to publicly disclose its response to a petition concerning the regulation of the crypto industry within existing SEC frameworks.
It isn’t a surprise big financial institutions welcomed these rules: they have the resources to comply while SMEs may not.
Bankrupt cryptocurrency exchange FTX has reportedly recovered more than $7.3 billion in assets and wants to reboot its business by allowing customers to trade crypto again. Whether anyone trusts the company founded by disgraced CEO and Democrat super donor Sam Bankman-Fried is another question.
Investors have claimed that Tesla and Twitter CEO Elon Musk ran a pyramid scheme to boost the price of the popular Dogecoin cryptocurrency, and are suing Musk for $258 billion in damages.
Documents obtained by the Financial Times suggest that the world’s largest cryptocurrency exchange, Binance, maintained connections with China, contradicting the company’s previous claims.
Disgraced FTX CEO and Democrat super donor Sam Bankman-Fried allegedly has his legal defense funded by money from his hedge fund Alameda Research that he gifted to his father. SBF is accused of stealing billions from FTX customers to enrich himself and his hedge fund cronies.
Disgraced FTX CEO and Democrat megadonor Sam Bankman-Fried will be allowed to use a cellphone without internet as part of his new bail conditions while he awaits trial on federal fraud charges.
Disgraced FTX CEO and Democrat megadonor Sam Bankman-Fried paid over $40 million in bribes to at least one Chinese government official, the Department of Justice (DOJ) alleged in a new indictment on Tuesday.
The Commodity Futures Trading Commission (CFTC) today sued Binance Holding Ltd., alleging it violated U.S. rules on futures and derivatives trading — despite the fact that Binance has no formal presence in the U.S.
Actress Lindsay Lohan and influencer Jake Paul have been charged for allegedly partaking in an illegal crypto scheme.
FTX founder Sam Bankman-Fried has been accused of taking more than $2 billion in “loans and payments” from the firm during his time as CEO. Democrat megadonor SBF faces allegations of committing massive fraud using his cryptocurrency exchange and trading firm.
The collapse of Silicon Valley Bank has resulted in finger-pointing and blame being passed around the financial tech industry. The cryptocurrency sector and the traditional tech sector are busy blaming each other over the massive failure of the tech industry’s favorite bank.
Nishad Singh, the former engineering chief for failed cryptocurrency exchange FTX, pleaded guilty to criminal charges in New York on Tuesday. Multiple FTX executives have now pleaded guilty, applying more pressure on disgraced CEO and Democrat super donor Sam Bankman-Fried.
Sam Bankman-Fried has been hit with four new criminal charges via a superseding indictment in New York federal court as U.S. prosecutors widen their criminal case against the disgraced FTX co-founder.
Former FTX CEO Sam Bankman-Fried has reportedly been pulled back to court over his recent use of a VPN to conceal his internet activity, potentially violating court orders. SBF’s lawyers claim he only used the encrypted internet connection to watch NFL games including the Super Bowl.
Hollywood celebrities looking to make a quick buck endorsing cryptocurrency or NFTs are now being told to think twice as angry consumers who experienced losses are taking the stars to court.
Sam Bankman-Fried had a “secret” $65 billion backdoor into FTX clients’ funds, attorneys claim, alleging that the disgraced FTX founder and Democrat super donor had ordered a co-founder to insert a secret backdoor into FTX code to funnel clients’ money into his hedge fund. The attorneys claim that SBF “bought planes, houses, threw parties, made political donations,” with client money.
Disgraced FTX CEO and Democrat super donor Sam Bankman-Fried has launched a newsletter on Substack in an attempt to defend himself from allegations of fraud. SBF defiantly claims that “No funds were stolen,” according to the first post to his newsletter.
YouTube star Logan Paul has denied recent allegations made by fellow YouTuber Stephen ‘Coffeezilla’ Findeisen that he scammed buyers of his CryptoZoo NFT project and never planned to deliver the promised game. Paul has threatened to sue Findeisen for defamation over his videos exposing the extent of the CryptoZoo fiasco.
