FTX

Sam Bankman-Fried, the founder of crypto exchange FTX, who was found guilty of fraud and conspiracy, was transferred from a Brooklyn detention center on Wednesday morning. What Happened: While the exact destination of Bankman-Fried’s transfer remains unknown, his spokesman Mark Botnick told...

Crypto lending firm Genesis Global has reportedly been given the green light by a U.S. Bankruptcy Judge to return approximately $3 billion in cash and cryptocurrency to its clients. This move leaves the firm’s owner, Digital Currency Group (DCG), with no recovery from the bankruptcy. What...

Bankrupt cryptocurrency exchange FTX’s recent announcement of reimbursing its customers in full with interest has drawn mixed reactions. What Happened: CNBC reported Mackenzie Sigalos pointed out that while FTX plans to pay back its customers, many are unhappy due to the freezing of the value...

FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022, has accumulated a substantial cash reserve, allowing it to fully reimburse its customers. What Happened: FTX has amassed more than enough cash to cover the losses incurred by its customers during its collapse in November...

Legendary NFL quarterback Tom Brady was roasted by former teammates, comedians and friends during a live Netflix (NASDAQ:NFLX) streaming special Sunday. Among the topics discussed were Brady's career, unwillingness to retire, his divorce from Gisele Bündchen and various NFL controversies like "...

Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX, has reached a tentative agreement with a group of defrauded customers. What Happened: This agreement, pending judicial approval, stipulates that the plaintiffs will withdraw their class action lawsuit against Bankman-Fried...

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has lodged an appeal against his fraud conviction and 25-year prison sentence, which he received for his involvement in one of the largest financial frauds in American history. What Happened: Bankman-Fried filed his appeal a few weeks...

Announcing its progress in recovering funds from various sources, bankrupt firm Voyager Digital on Wednesday announced it has secured a combined $484.35 million from FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance settlements. In a detailed status update regarding...

The swift prosecution of Sam Bankman-Fried, the founder of FTX, was largely due to the cooperation of the cryptocurrency exchange’s chief software engineer, as per a U.S. prosecutor. What Happened: The assistant U.S. attorney, Thane Rehn, disclosed that the cooperation of former FTX CTO Gary...

Following the dramatic fall of cryptocurrency exchange FTX and its founder, Sam Bankman-Fried, the company is set to liquidate Bankman-Fried's extensive real estate holdings in the Bahamas, valued at a staggering $222 million. The move comes after Bankman-Fried was sentenced to 25 years...

Amid a surge in meme coin activity, Sam Bankman-Fried's sentencing led to a massive rally in a meme coin named "Sam Baseman Fraud." What Happened: Hours before Bankman-Fried was sentenced to 25 years in prison, a meme coin with the "FTX" ticker rocketed over 35,000% hours before eventually crashing...

In a recent development, the conversation around Sam Bankman-Fried’s sentencing has taken a new turn with discussions about his autism diagnosis and its potential impact on his legal consequences. What Happened: Eric Garcia discussed in an op-ed on MSNBC the complex issue of Bankman-Fried...

Former FTX CEO and co-founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday in a highly publicized criminal fraud case. Here's a look back at the downfall of FTX and Bankman-Fried and how much you could have made buying Bitcoin (CRYPTO: BTC) when the cryptocurrency personality...

The long-awaited sentencing for cryptocurrency fraudster and FTX co-founder Sam Bankman-Fried was announced Thursday, Match 28, by Judge Lewis A. Kaplan. Bankman-Fried, 32, was found guilty of fraud charges related to his actions at FTX and Alameda Research. He received 25 years in prison. The...

The Sam Bankman-Fried, former CEO of cryptocurrency exchange FTX, was sentenced to 25 years in prison on Thursday, prompting a host of reactions from the cryptocurrency community on X (formerly Twitter). What Happened: Many users, like NickyD, expressed outrage at the perceived leniency of the...