FTX

FTX CEO Tries to Get Most Charges Against Him Dropped

FTX CEO Tries to Get Most Charges Against Him Dropped

Sam Bankman-Fried, the disgraced former CEO of failed cryptocurrency exchange FTX, has tried to get most of the charges against him dropped. Lawyers for Bankman-Fried are pushing for prosecutors to dismiss 10 of the 13 charges. Late last year, several firms imploded that were controlled by Bankman-Fried, the Democratic Party's…
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FTX CEO ‘Created Secret Backdoor’ for Laundering Money, Court Hears

FTX CEO ‘Created Secret Backdoor’ for Laundering Money, Court Hears

An attorney for bankrupt cryptocurrency exchange FTX has testified in court that former CEO Sam Bankman-Fried ordered a "secret backdoor" to be created for laundering money. FTX lawyer Andrew Dietderich told the court that Bankman-Fried instructed the company's cofounder Gary Wang to create the backdoor. The move enabled Bankman-Fried's hedge…
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Clinton Judge Hides Identities of FTX CEO’s $250M Bail Backers

Clinton Judge Hides Identities of FTX CEO’s $250M Bail Backers

The Bill Clinton-appointed judge overseeing the billion-dollar fraud case of Sam Bankman-Fried has agreed to hide the identities of those who paid the disgraced FTX CEO's $250 million bail. Bankman-Fried, FTX's founder and a Democrat super donor, pleaded not guilty to the charges in a New York court on Tuesday.…
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Crypto Billionaires Are Dying in Mysterious Circumstances around the World

Crypto Billionaires Are Dying in Mysterious Circumstances around the World

Amid the recent collapse of the cryptocurrency exchange FTX, other crypto billionaires have been dying in mysterious circumstances around the world. Sam Bankman-Fried first captured headlines in the wake of crypto platform FTX’s spectacular fall from grace. FTX imploded just two days after the 2022 midterm election, which Bankman-Fried heavily…
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Top Executives Plead Guilty to Federal Fraud Charges in FTX Case

Top Executives Plead Guilty to Federal Fraud Charges in FTX Case

Two former top executives have pleaded guilty to federal fraud charges in the case against now-bankrupt cryptocurrency exchange FTX. Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, a co-founder of FTX, have both reportedly pleaded guilty and are cooperating in the criminal fraud case. Prosecutors say the…
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Sam Bankman-Fried Seeks to Launch New Business after FTX Collapse

Sam Bankman-Fried Seeks to Launch New Business after FTX Collapse

FTX founder Sam Bankman-Fried has revealed his plans to launch a new business venture just weeks after the historic collapse of his cryptocurrency exchange. Bankman-Fried is currently facing a number of civil lawsuits brought against both him and his failed company. In an interview with the BBC published on Saturday,…
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