Results for "ftx"

FTX and its sister platform, Alameda Research, have recently transferred $10 million worth of crypto assets to Coinbase, Binance and Wintermute. These transfers came from three addresses associated with FTX and Alameda, with the funds consolidated into one central address.…

FTX Trading Ltd. is again in talks with three bidders about reopening the bankrupt crypto exchange. According to Bloomberg, the final decision on reviving the exchange will be made by mid-December. FTX is discussing details of potentially binding offerings with…

Former Southern District of New York prosecutor Josh Naftali said Caroline Ellison, Gary Wang and Nishad Singh will probably skip time behind bars due to their cooperation with federal attorneys in United States v Sam Bankman-Fried.

In Sam Bankman-Fried’s criminal trial this week, a fresh set of documents revealed how the disgraced FTX founder and his associates indulged in extravagant spending on investments, donations, and real estate, even in the months leading up to the collapse of the crypto exchange. 

Concluding the third week of Bankman-Fried’s trial, the former General Counsel revealed that FTX had a $7 billion shortage in its customer funds.

Prosecutors called FTX general counsel Can Sun to the stand following financial forensics and evidence of internal communications potentially implicating Sam Bankman-Fried in criminal wrongdoing at his crypto exchange and trading firm, Alameda Research.

Following evidence of political affiliations unearthed by an FBI agent, a government witness in Sam Bankman-Fried’s criminal trial provided financial analysis pointing to conspiracy and fraud based on FTX and Alameda’s bank records.

On the 11th day of FTX founder Bankman-Fried’s historic trial, an expert witness reveals how several investments and loans were made from FTX’s customer funds. 

The Ad Hoc Committee of Non-US Customers of FTX.com announces the successful execution of a Settlement and Plan Support Agreement filed with the U.S. Bankruptcy Court in Delaware. 

On the 10th day of Sam Bankman-Fried’s historic trial, Nishad Singh reveals how events up to the bankruptcy unfolded. 

The third week of FTX founder Sam Bankman-Fried’s historic trial begins as a former FTX customer and former Chief Engineer Nishad Singh takes the stand. 

Nishad Singh, former Alameda and FTX chief developer testified to $1.3 billion of customer funds invested in building Sam Bankman-Fried’s social capital and public image. 

The FTX bankruptcy estate recently staked approximately $122 million in SOL tokens and around $5 million in ETH.

Sam Bankman-Fried is currently on trial in New York City. Former FTX employees and executives are testifying, with Bankman-Fried’s own statements in tweets being presented as evidence.

The second week of Sam Bankman-Fried’s criminal trial concluded with BlockFi CEO blaming FTX and Alameda for its bankruptcy. 

The second week of Sam Bankman-Fried’s criminal trial for fraud concluded with witness testimony from Zac Prince, whose crypto lending firm BlockFi loaned $1.1 billion to Alameda before FTX’s collapse.

Blockchain analytics firm Elliptic has released new findings that suggest a Russian-linked entity may be behind the high-profile hack of cryptocurrency exchange FTX. The revelation comes as part of an ongoing investigation into the theft of a staggering $477 million…

Defense attorney Mark Cohen cross-examined former Alameda Research CEO Caroline Ellison after the witness said Sam Bankman-Fried cajoled her into making misleading social media statements and ordered loan repayments funded with stolen customer crypto.