Tagged: sam bankman-fried

Sam Bankman-Fried’s Parents Sued by FTX for Allegations of Misappropriated Funds

The parents of jailed FTX founder Sam Bankman-Fried have been sued by what remains of the company. According to a court filing, Joseph Bankman and Barbara Fried, both Stanford University professors, allegedly enriched themselves prior to the collapse of what was once one of the… Read More

Former FTX Exec Pleads Guilty in Ongoing Criminal Prosecution

Multiple reports have indicated that Ryan Salame, a former FTX executive, has pleaded guilty today in Federal Court for his activities surrounding the failure of FTX, which saw billions of dollars lost. Salame was at one point the co-CEO of the FTX subsidiary that operated… Read More

Former Engineer at Alameda Research Says His Entire Life Savings Were Stolen by Disgraced FTX Founder Sam Bankman-Fried

An engineer at Alameda Research recently claimed via social media that he had his “entire life savings” stolen from him by his former boss: Sam Bankman-Fried. Now, after months of recuperation from the “craziness” of the FTX collapse, he’s ready to tell his story. He… Read More

Sam Bankman-Fried Back in Jail as Bail Revoked

Reports are indicating that Sam Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, is back in jail as Judge Lewis Kaplan has revoked his bail. Bankman-Fried has been out on bail almost since his arrest. Apparently, the prosecutors involved in the case… Read More

House Financial Services Committee Leadership Hammers SEC Chair Gary Gensler on Lack of Info on Charges Against Sam Bankman-Fried, FTX Founder

Representative Patrick McHenry, Chairman of the House Financial Services Committee, and Representative Bill Huizenga, Chairman of the Subcommittee on Oversight and Investigations, have joined in sending a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler criticizing him for a failure to provide information… Read More

Bankrupt Digital Asset Exchange FTX Reportedly Recovers Over $7B in Crypto Holdings

Bankrupt digital currency exchange FTX has reportedly recovered more than $7.3 billion in cash as well as liquid digital assets. This is notably an increase of over $800 million since this past January 2023. This, according to a report from Reuters which referenced the firm’s… Read More

First Interim Report on FTX Failure: “Stunning Collapse” Managed by Group with Little Interest in Appropriate Oversight

FTX Exemplified hubris, incompetence, and greed. FTX CEO John J. Ray, III has filed his first interim report on the failure of FTX as the bankruptcy proceedings continue. Once one of the largest crypto exchanges in the world, led by high-profile founder and CEO Sam… Read More

Former FTX CEO Sam Bankman-Fried Expected to Plead Not Guilty to China Bribery Charges

Indicted FTX crypto exchange founder Sam Bankman-Fried (SBF) is reportedly expected to plead not guilty this Thursday to the latest US criminal charges. These new charges include allegedy conspiring to violate campaign finance guidelines and even attempting to bribe Chinese officials. As first reported by… Read More

SEC, CFTC Charge FTX Engineer Nishad Singh with Fraud, Pleads Guilty to Criminal Charges Too

Nishad Singh, the former co-lead Engineer at failed crypto exchange FTX, has been charged by both the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) with fraud. Both agencies revealed the charges following the news that Singh had pleaded guilty to criminal… Read More

More Charges for Sam Bankman-Fried, Outlines FTX Founder’s Contributions to Politicians to Curry Influence in DC: Giving to a Lot of Woke S**t

The fraud charges continue to pile up for disgraced FTX founder Sam Bankman-Fried. Earlier today, the US Department of Justice filed an updated complaint that outlines twelve charges – an increase from the previous criminal charges. The claims continue to be damning and expansive, highlighting… Read More

Representative Bill Huizenga Sends Letter to Gary Gensler Demanding FTX Records

Representative Bill Huizenga, the Chair of the Subcommittee on Oversight and Investigations, part of the House Financial Services Committee, has sent a letter to SEC Chair Gary Gensler demanding he hand over documents surrounding Sam Bankman-Fried and the collapse of the crypto exchange. The letter… Read More

SEC Reveals Charges Against Former FTX, Alameda Research Executives Gary Wang, Caroline Ellison

The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their part in the “multi-year scheme” to commit fraud in regards to FTX, once… Read More

House of Cards: SEC Issues Litigation Release on Sam Bankman-Fried and Plot to Defraud Equity Investors by Misrepresenting FTX

The Securities and Exchange Commission (SEC) has filed a litigation release regarding allegations that Sam Bankman-Fried defrauded equity investors in FTX. The U.S. Attorney’s Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) have also announced charges against Bankman-Fried…. Read More

Sam Bankman-Fried Returns to Blog to Declare FTX US was and is solvent

Sam Bankman-Fried, the founder and former CEO of FTX who is now under indictment for allegations of fraud, has returned to his substack, declaring that FTX US was and is solvent. Bankman-Fried previously provided an FTX “post-mortem” following his release on bail. He disputes a… Read More

Sam Bankman-Fried Posts FTX Pre-Mortem, Claims if Given More Time, All Would Have Been Fine

Sam Bankman-Fried, founder and former CEO of FTX – once one of the largest crypto exchanges in the world and now in the midst of bankruptcy, has taken to Substack to pleed his case. Bankman-Fried, now effectively under house arrest, claims that if he had… Read More

Securities Commission of The Bahamas Took $3.5 Billion in Crypto from FTX for “Safekeeping”

  The Securities Commission of The Bahamas has announced that it took $3.5 billion in crypto from FTX for safekeeping, according to a statement distributed by the Commission yesterday (December 29, 2022). The Commission stated that based on information provided by former FTX CEO Sam… Read More

Nansen Provides Details on Funds Moving from Alameda

Funds have been on the move from Alameda Research wallets – mostly in small amounts with the majority being combined into two digital wallets prior to being sent to FixedFloat/ChangeNow. This is according to a report by Martin Lee at Nansen – a blockchain analytics… Read More

Former Alameda Research, FTX Execs Apologize, Admit Guilt in Court: Report

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Former CEO of Alameda Research Carolyn Ellison has apologized for her misdeeds pertaining to the collapse of FTX as well as Alameda. Gary Wang, FTX co-founder and former CTO, has also acknowledged his errors, according to multiple reports. Both Ellison and Wang have pleaded guilty… Read More

Samuel Bankman-Fried Released on $250 Million Bail, Charges Announced for Former Executives Caroline Ellison and Gary Wang

Sam Bankman-Fried, extradited to the US last night, will be released on $250 million, according to multiple reports. The former FTX CEO will be restricted to his parents’ home as part of the deal. Charges against Bankman-Fried were revealed last week. The indictment claims that… Read More

SEC Announces Charges Against Former Alameda CEO Caroline Ellison, FTX Co-Founder Gary Wang

The Securities and Exchange Commission (SEC) has filed charges against former Alameda Research CEO Caroline Ellison and FTX co-founder and former CTO Gary Wang. The enforcement action was due to the pair’s role in the failure of FTX and their roles in a “multiyear scheme to… Read More

Send this to a friend