Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday (Nov. 7), CNBC reported, citing a Bureau of Prisons spokesperson. Ellison was sentenced in September...
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the sentence, a federal judge noted Singh’s cooperation with prosecutors, the New York Times reported Wednesday. Singh, former chief engineer at...
Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the prosecution of FTX founder Sam Bankman-Fried, reportedly received a harsher sentence than the one recommended by the federal Probation Department....
Caroline Ellison hopes to avoid prison time for her role in the FTX collapse. Ellison, the former CEO of FTX sister company Alameda Research, should be sentenced to time served and supervised release, her lawyers argued in a court filing Tuesday (Sept. 10). “Caroline Ellison...
January 09, 2023
The FTX collapse provides a master class in caveat-emptor crypto industry risk management and accounting failures. This, as court documents confirm that the world’s one-time third-biggest cryptocurrency exchange was set up from the start so that customer funds entrusted to the platform were able to be comingled without their owners’ knowledge or consent. Disgraced FTX […]
November 24, 2022
Fraud is often obvious in retrospect, and as the dust around a scandal settles, it is often easy to point fingers at the failings of those actors who could have...
November 14, 2022
The epic crisis that many observers dreaded in crypto has seemingly come to pass. Right now, there’s mass confusion over who’s exposed to FTX’s spectacular collapse, how far the damage...
November 11, 2024
FTX is suing cryptocurrency giant Binance and its former CEO for $1.8 billion. The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal. It also accuses ex-Binance chief executive Chanpeng Zhao of orchestrating a “campaign to destroy” his one-time rival crypto exchange. The share deal happened in July of […]
November 07, 2024
Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday...
October 30, 2024
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the sentence, a federal judge noted...
September 24, 2024
Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the prosecution of FTX founder Sam...
