Sam Trabucco, the former Alameda Research co-CEO, will forfeit a 53-foot yacht and forgo $70 million worth of claims in a proposed settlement with the FTX bankruptcy estate.
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.
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.”
Bankrupt cryptocurrency exchange FTX has scuttled plans to relaunch, but has also declared its intention to fully repay its customers and creditors, marking a significant shift in its insolvency resolution approach.
Disgraced former FTX CEO Sam Bankman-Fried, once seen as the “next Warren Buffett,” is now trading mackerel in jail for a jailhouse haircut.
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.
The testimony against disgraced former FTX CEO Sam Bankman-Fried and his own squirrely testimony may have led to his conviction.
Disgraced former FTX CEO Sam Bankman-Fried appeared to suffer from memory loss, dodged questions, and gave vague answers when answering the prosecutions’ questions.
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.
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.
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.”
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.
Disgraced former FTX CEO Sam Bankman-Fried on Tuesday pleaded not guilty to fraud and money laundering charges. His lawyers decried his conditions in jail, including a lack of vegan meals, stating, “because he’s following his principles, [Bankman-Fried] is only now subsisting on a diet of bread and water.”
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.
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.
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.
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.
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.
Finance YouTubers who promoted the failed cryptocurrency exchange FTX are now facing a $1 billion lawsuit from victims who lost money following the collapse of disgraced CEO and Democrat megadonor Sam Bankman-Fried.
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.
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.
A U.S. judge said on Monday that the names of the two people who bailed disgraced FTX CEO and Democrat super donor Sam Bankman-Fried out of jail should be made public. The move comes after Bankman-Fried’s lawyers tried to keep the names of those who paid his bail anonymous.
The recent bankruptcy filing of cryptocurrency trading giant FTX has revealed the full scope of the influence-peddling campaign run by disgraced CEO and Democrat super donor Sam Bankman-Fried.
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.