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One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals. Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of…
The distribution marks the third payout to creditors of the former exchange as it continues dispensing up to $16.5 billion in funds. The FTX Recovery Trust, the entity overseeing the distribution of funds from the bankrupt crypto exchange, announced a third tranche of distributions to creditors, worth about $1.6 billion. According to a Friday announcement,…
Almost two years after Sam Bankman-Fried was sentenced to 25 years in prison for his role in the downfall of crypto exchange FTX, the former CEO’s lawyers will return to court. Former FTX CEO Sam “SBF” Bankman-Fried, serving a 25-year sentence after his conviction on seven felony counts, will take the next step in his…
Actor Ben McKenzie said he had spoken with Sam Bankman-Fried before the collapse of FTX and Alex Mashinsky before Celsius Network filed for bankruptcy. Ben McKenzie, an actor known for his roles on television shows including Gotham and The OC, will make his directorial debut in a scathing documentary about cryptocurrency. According to an April…
Nearly 400,000 FTX users risk losing $2.5 billion in crypto repayments unless they complete KYC verification before the extended June 1 deadline. Nearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process. Roughly 392,000 FTX creditors…
Sam Bankman-Fried is no longer located at the Metropolitan Detention Center in Brooklyn after an unsanctioned interview with Tucker Carlson. Officials with the Federal Bureau of Prisons have moved former FTX CEO Sam “SBF” Bankman-Fried to a transit facility days after right-wing political commentator Tucker Carlson interviewed him. As of March 27, the Federal Bureau…
A representative for the US Bureau of Prisons reportedly said that Sam Bankman-Fried’s interview with Tucker Carlson was not approved by the agency. Former FTX CEO Sam “SBF” Bankman-Fried has reportedly been sent to solitary confinement after taking part in an interview with right-wing political commentator Tucker Carlson, which was not approved by prison authorities….
The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released. Former FTX CEO Sam “SBF” Bankman-Fried, sentenced to 25 years in 2024 for his role in misusing customer funds, gave another interview from prison before his 33rd birthday. Speaking to right-wing political commentator…
FTX creditor repayments being facilitated a little over 2 years after FTX’s shock collapse is a “win” given all the jurisdictional issues that were involved, an industry pundit said. A crypto trader and marketing executive who correctly predicted FTX’s collapse said FTX creditor repayments coming a little over two years after the incident is a…
Lena Dunham is working on the script for a feature about FTX founder Sam Bankman-Fried. The Girls creator is on board to write a film adapting author Michael Lewis’ best-selling 2023 book Going Infinite: The Rise and Fall of a New Tycoon. Apple Studios and A24 are producing and developing the movie that is in…