New York. FTX, which was once the world’s second-largest cryptocurrency exchange until its bankruptcy at the end of 2022, and its investment subsidiary Alameda, will have to pay up to $12.7 billion to their former clients, the US Financial Products Regulatory Authority (CFTC) announced on Thursday. A federal court in New York ordered both companies … Read more
Deputy stage supervisor FTX digital forex, Ryan Salamewas sentenced this Tuesday in NY to finish seven and a half years jailthe primary of the supporters of the founding father of this firm, Sam Bankman-Fried, who was convicted on this case of fraud y cash laundering. The now convicted, 30-year-old should serve one other three years … Read more
/nginx/o/2023/11/03/15695311t1h8a94.jpg "Bankman-Fried Convicted: Faces Up to 110 Years in Prison for Billion Cryptocurrency Scandal")
The court ruled after a five-week trial, and Bankman-Fried now faces up to 110 years behind bars. Judgment will be announced at a later date. In a federal lawsuit, some of his closest associates testified that he was primarily responsible for all the decisions that led to the disappearance of eight billion dollars from the … Read more
Former FTX boss Sam Bankman-Fried (c) leaving a New York court, July 26, 2023 (ANGELA WEISS) Former cryptocurrency figure Sam Bankman-Fried was jostled from the start of his cross-examination Monday in his federal trial in New York, with the prosecution listing his contradictions one by one. During the “SBF” hearing which began the previous week, … Read more
Bankman-Fried’s Defense Strategy Fails to Shift Blame in Fraud Case In the ongoing trial of Sam Bankman-Fried, also known as SBF, the defense strategy of shifting blame onto his former girlfriend, Ellisonova, has failed to convince the court. Bankman-Fried, the majority owner of the fund in question, has been attempting to portray Ellisonova as the … Read more
Jakarta – The fate of the FTX boss Sam Bankman Fried totally changed. From being able to go on a spree, now he has to face his biggest fear in prison. Bankman once had wealth of up to USD 16 billion in November 2022. But now his wealth has disappeared, along with the collapse of … Read more
The virtual asset market temporarily rebounded after plummeting due to concerns over asset sales by the bankrupt U.S. exchange FTX, but it continues to show sluggishness due to depressed investment sentiment. As of the morning of the 17th, the Bitcoin (BTC) price was in the 35 million won range, and has remained in the box … Read more
A Delaware district judge has ruled that bankrupt exchange FTX can sell its cryptocurrency assets to pay off creditors’ claims. This is reported by The Block. The company in August presented a plan to the court to “sell, stake and hedge” more than $3 billion in digital currencies. During the hearing, Judge John Dorsey approved … Read more
Normal January 29, 2023 11:50 am reading Two minutes (agencies)In a letter to a Manhattan court investigating judge, federal prosecutors in the FTX platform collapse file demanded that Sam Bankman Fried, co-founder and main defendant in the case, be prevented from using encrypted messaging applications, including Signal, in order to prevent obstruction of justice through … Read more
Jakarta – The boss’s trillions of rupiah assets FTX, Sam Bankman Friedconfiscated Federal Bureau of Investigation (FBI). According to the court, most of its value was in Robinhood stock. Refer to the information presented Reuters, Saturday (21/1/2023), the Department of Justice revealed that the confiscation of Robinhood shares was carried out earlier this month. In … Read more