Sam Bankman-Fried Latest News

Latest Sam Bankman-Fried News

The dispute between FTX and the CFTC is finally resolved: What was it worth?

Failed exchange FTX has settled with the Commodity Futures Trading Commission. As part of the deal, the company agreed to pay a $12.7 billion fine to the CFTC, court documents said. The deal also calls for $4 billion in restitution…

1 week ago

Bankman-Fried family involved in $100m political donation scandal

A new report indicates that the Bankman-Fried family was involved in Sam’s political spending. The fallout from the collapse of the crypto exchange FTX continues to deepen, with new allegations surfacing about a $100 million political donation scheme orchestrated by its…

July 5, 2024 at 3:34 pm

FTX customers to vote on bankruptcy repayment plan

A U.S. judge approved FTX’s plan to poll creditors on its Chapter 11 repayment. FTX users will soon have the opportunity to vote on the proposed multibillion-dollar plan to pay back individuals whose funds were trapped on FTX since its…

June 25, 2024 at 6:27 pm

FTX exec Ryan Salame got a harsher sentence than what the U.S. wanted. Why?

Ryan Salame’s sentence insight into the fates that lie ahead for SBF’s inner circle, which also includes his on-off girlfriend Caroline Ellison and head of engineering Nishad Singh. Prosecutors had sought five to seven years for former FTX executive Ryan…

May 28, 2024 at 5:31 pm

Former FTX executive Ryan Salame sentenced to 7.5 years in prison

The first of Sam Bankman-Fried’s associates to plead guilty to criminal charges has been sentenced to 7.5 years in prison. This length exceeds the prosecutors’ request for Ryan Salame, a former FTX executive, to be imprisoned for five to seven…

May 28, 2024 at 4:52 pm

U.S. prosecutors seek five to seven year sentence for FTX’s Ryan Salame

Former FTX executive Ryan Salame faces a potential five to seven years in prison as prosecutors emphasize the gravity of his criminal activities. Federal prosecutors have recommended that former FTX executive Ryan Salame serve five to seven years in prison…

May 22, 2024 at 8:34 am

New York Attorney General concludes $2b Genesis settlement

The New York Attorney General Letitia James has reached a $2 billion settlement with Digital Currency Group subsidiary Genesis.

May 20, 2024 at 5:36 pm

Legal experts weigh-in on case against Roger Ver

Stanislav Andreyev, a senior lawyer with SBSB Fintech Lawyers, and Bing Wang, a legal advisor at basedVC, spoke to crypto.news about how Roger Ver’s case might shape the regulatory landscape for cryptocurrencies. Roger Ver, an early investor in Bitcoin and…

BTC

XMR

May 15, 2024 at 12:13 pm

Sam Bankman-Fried and Changpeng Zhao: Two of the biggest crypto titans are sentenced | Opinion

This is Part One of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news.

May 12, 2024 at 10:20 am

Crypto lawyer: Sam Bankman-Fried to serve 20-year prison sentence without parole

According to a crypto lawyer, FTX founder Sam Bankman-Fried will spend his full sentence in prison.

May 3, 2024 at 3:16 pm

CZ sentenced and SBF’s deal: April’s crypto crime round-up

Do Kwon remains in a tug-of-war between the U.S. and South Korea. Meanwhile, prosecutors are continuing to clamp down on crypto mixers. April’s been a pretty significant month when it comes to crypto crime. Where else to start than with…

May 3, 2024 at 9:27 am

Too harsh or too lenient? Changpeng Zhao’s sentence divides opinion

While many in the crypto community have leapt to the billionaire’s defense, others claim four months is an “egregious miscarriage of justice.” Let’s deal with the obvious irony first. After years and years of dismissing FUD, fake news and attacks…

May 1, 2024 at 10:23 am

FTX looking to sell off Solana holdings via blind auction

Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be…

SOL

April 24, 2024 at 11:33 am

Sam Bankman-Fried to aid class action lawsuit targeting FTX celebrity endorsers

Disgraced entrepreneur Sam Bankman-Fried is helping... FTX investors? Yes. Celebrity endorsers (Tom Brady, Shaquille O’Neal, Stephen Curry, and Shohei Ohtani) are being sued.

April 21, 2024 at 8:37 pm