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FTX has nearly finalized preparations for its court-approved repayment plan two years after the crypto exchange crashed due to bad corporate practices and fraud.
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Gary Wang, the last of FTX’s executives to be sentenced, will serve no prison time after aiding prosecutors in decyphering Sam Bankman-Fried’s fraudulent empire.
Follow-up
FTX co-founder Gary Wang, convicted of misusing funds at a fictitious crypto exchange, may face punishment after his case goes to trial. On Nov. 13, prosecutors in the U.S. District Court for the Southern District of New York filed a…
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Bitcoin
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Apple Studios and A24 are working on a movie about former FTX CEO Sam Bankman-Fried, adapted from the best-selling Michael Lewis book ‘Going Infinite: The Rise and Fall of a New Tycoon.’ According to a Variety report, Apple Studios and…
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Former Alameda co-CEO Sam Trabucco will forfeit real estate and luxury assets to the FTX, according to a proposed settlement filed in court.
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Caroline Ellison, the former chief executive officer of Alameda Research, has begun her two-year prison sentence following her conviction related to the FTX crypto exchange collapse. Ellison, who reached a plea deal with U.S. prosecutors and served as the star…
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Sam Bankman-Fried’s college friend and FTX co-founder Gary Wang is asking a federal judge to spare him from a prison sentence a few days after FTX executive Nishad Singh was given no prison time. FTX co-founder Gary Wang is pleading…
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Former FTX executive, Nishad Singh, avoids prison time after being sentenced the Manhattan federal judge. Singh is sentenced to three years of supervised release for his role in FTX’s collapse. According to NBC News’ report, Singh was spared from spending…
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Former FTX head of engineering, Nishad Singh, urged a Manhattan federal judge to exempt him from a prison sentence for his role in the fall of the cryptocurrency exchange platform. As reported by Bloomberg on Oct. 16 lawyers representing Nishad…
Feature
Crypto cons are frequent, and the sector’s loudest and most well-known leaders have faced substantial legal trouble in recent years. You know the names: Crypto.news collected some commentary about whether the crypto industry has a serious leadership problem, or simply…
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Bitcoin
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Ryan Salame, the former co-CEO of FTX Digital Markets, has requested a delay in starting his prison sentence, citing medical needs. Salame’s defense team has asked the court to push his self-surrender date from Oct. 11 to Dec. 7, allowing…
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FTX’s bankruptcy plan to repay customers in cash plus interest was approved by a Delaware judge, despite a push for in-kind reimbursements. Judge John Dorsey of the U.S. District of Delaware Bankruptcy Court ruled in favor of FTX’s repayment, which…
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Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison by District Judge Lewis A. Kaplan. Her involvement in the collapse of cryptocurrency exchange FTX and its affiliated hedge fund, Alameda Research, has been central…
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Sean “Diddy” Combs and Sam Bankman-Fried, the former crypto executive, are now sharing the same jail housing unit at the Metropolitan Detention Center in Brooklyn. This news comes from sources and reported by NBC New York. Combs, a well-known music…
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Polymarket traders are betting that former Alameda Research CEO Caroline Ellison would not serve time in prison. Hours before a judge was set to decide Ellison’s fate, users on the decentralized prediction platform Polymarket wagered over $153,670 on a market…
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The U.S. SEC and Prager Metis have agreed to resolve claims of the auditor’s negligence related to the defunct crypto exchange FTX. Auditor Prager Metis consented to pay $1.95 million to settle two charges brought by the Securities and Exchange…
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