FTX

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Judge Orders SBF Jailed Until Fraud Trial Begins

Sam Bankman-Fried tried to intimidate a potential witness, court rules

(Newser) - Accused of attempting to intimidate a witness, Sam Bankman-Fried was ordered Friday to await his fraud trial in jail rather than in his parents' home. US District Judge Lewis Kaplan made his decision after prosecutors told the Manhattan court the founder of FTX had acted to intimidate a witness. "...

Suit: SBF Had Eye on Buying Money-Laundering Haven

FTX founder wanted to scoop up island nation of Nauru, build bunker for the apocalypse, per suit

(Newser) - Sam Bankman-Fried likely had a lot of plans for the billions of dollars once in his digital wallet, but one that hasn't been talked about yet was his idea to scoop up an island nation, build a bunker for himself and other elites in his movement, and ride...

SEC Sues World's Biggest Crypto Exchange

Binance denies wrongdoing, but move rattles Bitcoin investors

(Newser) - It's another big jolt to the world of crypto: The Securities and Exchange Commission on Monday accused Binance, the world's largest cryptocurrency exchange, of engaging in a slew of shady financial practices, reports the Wall Street Journal . In all the SEC filed 13 charges against Binance and co-founder...

After 6-Month Attempt, Shaq Gets Served

TNT analyst was served 2 complaints Tuesday in FTX case while covering NBA in Miami: lawyer

(Newser) - Shaquille O'Neal denied a law firm's claim that it served legal papers to him in April after five months of trying, thereby clearing the final hurdle to launching a lawsuit against FTX's celebrity endorsers . A month later, however, the Moskowitz Law Firm says there can be no...

Celebs: We Shouldn't Be Liable for FTX Endorsements

The idea is 'nonsense,' Tom Brady, Larry David, others claim in court docs

(Newser) - After five months of trying, lawyers for a group of FTX investors who are suing celebrity endorsers say they've finally managed to serve the last of them: Shaquille O'Neal. "Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house," the Moskowitz...

More Bad News for SBF
More Bad News
for SBF

More Bad News for SBF

FTX founder has been indicted on charges of bribing Chinese officials to unlock $1B in crypto

(Newser) - If indictments were worth money, Sam Bankman-Fried might be accumulating enough of them to fix the failure of FTX . Feds on Tuesday announced that they've indicted the erstwhile 31-year-old billionaire on charges of conspiring to bribe Chinese government officials to unlock some $1 billion in cryptocurrency held by his...

Latest Crypto Failure Is Especially Troubling
Latest Crypto Failure
Touches 'Real' Bank System
the rundown

Latest Crypto Failure Touches 'Real' Bank System

Silvergate Bank, called a 'cornerstone' of the industry, is shutting down

(Newser) - It's a familiar story of late: Bitcoin and other cryptocurrencies were sinking in value on Thursday after a financial entity's high-profile collapse. In this case, the entity is Silvergate Bank. But this one is different from the collapse late last year of crypto exchange FTX, as Elizabeth Lopatto...

Another Member of Bankman-Fried&#39;s Inner Circle Pleads Guilty
FTX Co-Founder
Pleads Guilty

FTX Co-Founder Pleads Guilty

'I am unbelievably sorry for my role in all of this,' says Nishad Singh

(Newser) - FTX co-founder Nishad Singh pleaded guilty to six fraud and money laundering charges Tuesday, becoming the third exec from the collapsed cryptocurrency to agree to cooperate with prosecutors. The 27-year-old admitted that he knew founder and former CEO Sam Bankman-Fried was cheating customers by sending their funds, without their knowledge,...

Bankman-Fried Faces More Charges, Time

Potential prison sentence for conviction on all counts reaches 155 years

(Newser) - FTX founder Sam Bankman-Fried was hit with new fraud charges when an updated indictment was unsealed Thursday in Manhattan federal court. Prosecutors accuse him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy "savior of the cryptocurrency industry"—an image boosted...

FTX Would Like Its Donations Back, Please

Vaporized crypto exchange wants something on the order of $93M returned by Feb. 28

(Newser) - In the election cycle just past, then-wunderkind crypto gazillionaire Sam Bankman-Fried and his FTX cronies opened up their wallets and showered candidates with cash in what CoinDesk calls "a monumental influence campaign that crossed party lines." Now that FTX is bankrupt, and SBF's wallet is pretty much...

Fox Says There's Big Change in Super Bowl Ads This Year

Exactly zero ads for crypto, while Anheuser-Busch no longer is sole alcohol advertiser

(Newser) - The hottest advertising ticket in town is officially sold out. Fox said Monday that in-game ads for Super Bowl LVII have all been sold. The game between the Kansas City Chiefs and the Philadelphia Eagles is Sunday, with advertisers jockeying to get their products in front of the more than...

SBF's Lawyers Say Parents Are Now Targets

Lawyers want names redacted on court documents related to FTX founder's bail

(Newser) - FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Bankman-Fried, 30, is accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to...

Former SBF Partner in Court: 'I Knew It Was Wrong'

Caroline Ellison is cooperating in case against former business and romantic partner

(Newser) - One of the key parts of the case against disgraced crypto entrepreneur Sam Bankman-Fried may come from a former business and romantic partner. Caroline Ellison, 28, told a federal judge this week that she knew the way they were shifting money around was illegal, reports the Wall Street Journal . SBF...

With Parents' Help, SBF Will Be Freed on $250M Bond

Bankman-Fried must remain at home of parents in California

(Newser) - Sam Brinkman-Fried will be able to prep for his fraud trial from his parents' home in California rather than a jail cell. A judge in New York on Thursday agreed to let the 30-year-old go free on $250 million bond, reports the Wall Street Journal . Parents Joseph Bankman and Barbara...

2 of SBF's Pals Secretly Pleaded Guilty

Meanwhile, Sam Bankman-Fried has been extradited to US

(Newser) - Two of Sam Bankman-Fried's top associates secretly pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX and are cooperating with investigators, a federal prosecutor announced Wednesday as the digital coin entrepreneur was being flown in FBI custody to the US from the Bahamas, the AP...

After Chaotic Day, Lawyer Says SBF Won&#39;t Fight Extradition
Sam Bankman-Fried Says
He Consents to Extradition
UPDATED

Sam Bankman-Fried Says He Consents to Extradition

He could be taken from Bahamas to NYC as soon as Wednesday afternoon

(Newser) - Sam Bankman-Fried has agreed to be extradited from the Bahamas to face federal charges and could be in New York as soon as Wednesday afternoon. "Yes, I do wish to waive my right to such formal extradition proceedings," the FTX founder told a judge in Nassau Wednesday, per...

Bankman-Fried Charged in 'One of the Biggest Frauds' in US History

Charges could send FTX founder to prison for decades

(Newser) - "This is one of the biggest financial frauds in American history," Damian Williams, US Attorney for the Southern District of New York, said Tuesday, announcing multiple charges against FTX founder Sam Bankman-Fried. The former CEO of the cryptocurrency exchange faces eight charges including fraud, conspiracy to commit money...

Demise of Bankman-Fried Is Dragging Down Parents, Too

Joseph Bankman and Barbara Fried taught for years at Stanford Law

(Newser) - The last month has brought a stunning reversal of fortune for 30-year-old Sam Bankman-Fried . And as the New York Times and the Wall Street Journal report, his renowned parents are very much caught up in the downward spiral. SBF, of course, is the former CEO of the collapsed crypto exchange...

Before Arrest, SBF Had Epic First Line Prepped for Congress

Bankman-Fried of collapsed FTX fund planned to use an f-bomb in his mea culpa

(Newser) - In an interview on Monday, Sam Bankman-Fried declared, "I don't think I will be arrested." Hours later, the former CEO of the collapsed crypto exchange FTX was proved wrong . Authorities in the Bahamas took the 30-year-old into custody at the request of US officials. The details:
  • Timing:
...

Bankman-Fried Arrested in Bahamas
FTX Founder
Arrested in
Bahamas

FTX Founder Arrested in Bahamas

Sam Bankman-Fried was picked up at US request after prosecutors filed an indictment

(Newser) - Sam Bankman-Fried, who is under criminal investigation in both places over the collapse of the crypto firm he founded, was arrested Monday in the Bahamas after an indictment was filed against him in the US. The announcement was made by US Attorney Damian Williams, who said the US government had...

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