One billion dollars is a lot of money to spend. But it reportedly took FTX’s 31-year-old co-founder and former CEO, Sam Bankman-Fried, barely two years to burn through more than that 10-figure amount on celebrity endorsements and sponsorship deals for his failed cryptocurrency exchange. Only...
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...
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 Sam Bankman-Fried, who is facing charges of orchestrating a multibillion-dollar fraud, Bloomberg reported Thursday (Sept. 7),...
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, […]
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 Sam Bankman-Fried, who is facing charges of orchestrating a multibillion-dollar fraud, Bloomberg reported Thursday (Sept. 7), citing unnamed sources. Salame, who served as the co-chief executive […]
February 28, 2023
In the latest development to the FTX saga, the former director of engineering at the defunct cryptocurrency exchange entered a guilty plea to criminal charges on Tuesday (Feb. 28). Nishad...
February 19, 2023
Another FTX executive will reportedly plead guilty in the fraud case against the company’s founder. Nishad Singh, the cryptocurrency exchange’s former engineering director and part of founder Sam Bankman-Fried’s inner...
January 06, 2023
U.S. prosecutors are reportedly investigating a third member of Sam Bankman-Fried’s inner circle. Prosecutors are investigating bankrupt cryptocurrency exchange FTX’s former engineering director, Nishad Singh, to see if he had...
