Right out of the gate, Caroline Ellison admitted to stealing billions of dollars. Of course, she has already pleaded guilty to four criminal counts related to doing just that. The maximum total sentence carried by her crimes is 110 years. She is hoping for far less. On...
Sam Bankman-Fried wants another shot at mounting a “bad legal counsel” defense. In a filing Monday (Oct. 9) evening, attorneys for the former FTX head have asked the court’s permission to question company co-founder Gary Wang about legal advice he received when agreeing to loans from Alameda Research, FTX’s...
Sam Bankman-Fried allegedly lied about many things over the course of his cryptocurrency exchange’s collapse. But when the since-indicted FTX co-founder first heard about the $8 billion deficit that would later sink his crypto empire, all he said was “that sounds correct.” And despite being...
With friends like these, who needs enemies? It is just the second day of witness testimony for Sam Bankman-Fried’s criminal trial, and already two of his longtime friends have sung like canaries. And they may be feeling more than little bit jilted by the curly-haired...
October 06, 2023
Sam Bankman-Fried allegedly lied about many things over the course of his cryptocurrency exchange’s collapse. But when the since-indicted FTX co-founder first heard about the $8 billion deficit that would later sink his crypto empire, all he said was “that sounds correct.” And despite being aware of the multi-billion-dollar deficit at Alameda Research and FTX, […]
October 10, 2023
Sam Bankman-Fried wants another shot at mounting a “bad legal counsel” defense. In a filing Monday (Oct. 9) evening, attorneys for the former FTX head have asked the court’s permission to question company co-founder Gary Wang about legal advice he received when agreeing to loans from Alameda Research, FTX’s sister company. As PYMNTS has reported, Judge Lewis Kaplan has already […]
September 07, 2023
Former FTX executive Ryan Salame reportedly plans to plead guilty to criminal charges related to the collapse of the cryptocurrency exchange. This development comes just weeks before the trial of FTX co-founder...
February 05, 2023
Federal prosecutors are reportedly widening the scope of their investigation into FTX. The Department of Justice (DOJ) is scrutinizing a growing range of people with connections to the failed cryptocurrency...
January 31, 2023
FTX Co-founder Gary Wang said Sam Bankman-Fried wanted to transfer funds and restart FTX abroad. That’s according to a filing made Monday (Jan. 30) by the U.S. Department of Justice (DOJ),...
