FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false.
Prosecutor cites 'pyramid of deceit' by Sam Bankman-Fried; Defense lawyer says he's no monster
In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the โpyramid of deceitโ that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud
FTX founder Sam Bankman-Fried finished his first day of testimony at his fraud trial after saying the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
Sam Bankman-Fried's lawyer fails to hurt credibility of the government's star witness at fraud trial
Sam Bankman-Friedโs lawyer did little to dent the credibility of the governmentโs key witness in the former crypto mogulโs fraud trial Thursday, meandering through a cross-examination of Caroline Ellison that at times left even the judge puzzled and impatient.
Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury
Sam Bankman-Fried authorized the illegal use of FTX customersโ funds and assets to plug financial gaps at an affiliated hedge fund from the exchangeโs earliest days, FTXโs co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history.
FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds
Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars.
Former FTX crypto executive pleads guilty to making millions in illegal campaign contributions
A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.
Jailed Sam Bankman-Fried can't prepare for trial without vegan diet and adequate meds, lawyers say
Defense lawyers say FTX founder Sam Bankman-Fried can't adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter.
SEC lawsuits against cryptocurrency companies raise questions about industry's future
Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the worldโs biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless
New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund.
Lawyer: FTX founder likely challenging new crypto charges
A lawyer for onetime cryptocurrency darling Sam Bankman-Fried is signaling that he's challenging the validity of new charges contained in rewritten indictments released in recent weeks after his client was brought to the United States from the Bahamas in December.
Judge suggests jail to limit FTX founder's communications
A federal judge is showing growing impatience with FTX founder Sam Bankman-Fried's use of the internet while on bail, suggesting that incarceration might eventually be the most effective way to prevent him from communicating on electronic devices in ways that canโt be traced.
FTX's Sam Bankman-Fried, DOJ tussle over his communications
Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers.
Sam Bankman-Fried's downfall sends shockwaves through crypto
Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the worldโs first trillionaire.
AP source: US authorities investigate crypto exchange FTX
The swift collapse of crypto exchange FTX sent more shockwaves through the cryptocurrency world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.