Former NYSE President in Talks to Reboot FTX Exchange

A company run by former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed cryptocurrency exchange founded by Sam Bankman-Fried reaches its final stages. Bullish, the crypto exchange run by Farley, fintech startup Figure Technologies and crypto venture-capital firm Proof … Read more

Sam Bankman-Fried Verdict Reflects Crypto’s Broken Dreams

Sam Bankman-Fried is gone. And crypto is back to its favorite activity: a wild speculative rally. The FTX founder’s trial featured a parade of witnesses detailing a multibillion-dollar fraud at the heart of the crypto market. None of it dented the enthusiasm of crypto investors. During the trial, crypto prices surged on optimism that U.S. … Read more

FTX Founder Sam Bankman-Fried Found Guilty of Fraud

Listen to article (2 minutes) FTX founder Sam Bankman-Fried was convicted Thursday of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history.  A New York federal jury convicted him of all seven counts he faced. The verdict capped the stunning … Read more

Former Crypto ‘Wunderkind’ Sam Bankman-Fried Guilty of Fraud, Embezzlement, Criminal Conspiracy

Published By: Shankhyaneel Sarkar Last Updated: November 03, 2023, 06:59 IST New York, United States of America (USA) Ex-crypto mogul Sam Bankman-Fried has been convicted of defrauding FTX customers. (Image: Reuters) Sam Bankman-Fried, the world’s so-called crypto king, could now face up to 110 years behind bars. Former crypto tycoon Sam Bankman-Fried was found guilty … Read more

Jurors in Sam Bankman-Fried Trial Expected to Begin Deliberations

Jurors are expected to begin deliberating Thursday on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. The deliberations cap a nearly monthlong trial in which jurors heard testimony from more than 20 witnesses, including Bankman-Fried. On Thursday morning, a prosecutor is expected … Read more

FTX Founder Sam Bankman-Fried To Testify At His US Crypto Trial

Sam Bankman-Fried was once one of the most respected figures in crypto. (File) New York: Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial. Sam Bankman-Fried’s decision to take the stand comes after three weeks of devastating testimony … Read more

Caroline Ellison Tells Jury She Dreaded Inevitable Collapse of FTX

Testifying in Sam Bankman-Fried’s fraud trial, his top deputy says she was terrified by the implosion of the crypto exchange after months of deception. Source link

Here’s How FTX Executives Secretly Spent $8 Billion in Customer Money

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Bankman-Fried Lieutenant Recounts FTX Crash for Jurors

Former FTX CTO Gary Wang says the FTX founder knew billions in customer funds were being misused and lied to the public in a bid to stem the panic. Source link