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.”
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.