In a surprising turn of events, court documents reveal that Caroline Ellison, the former girlfriend of Sam Bankman-Fried, the disgraced founder of FTX, was secretly recorded blaming him for using customer funds to fill the financial gaps in the crypto giant’s failed hedge fund. The recording was made during an Alameda Research all-hands meeting on …
Former FTX founder Sam Bankman-Fried, who is facing fraud charges, will be held in the Metropolitan Detention Center in Brooklyn until his trial in October. The detention center has faced criticism for its appalling conditions, which have included issues such as maggot-infested food, dirty cells, and power outages. Notable inmates at the facility have included …
Sam Bankman-Fried, the founder of FTX, has been ordered to await his fraud trial in jail instead of his parents’ home. The decision was made by US District Judge Lewis Kaplan after prosecutors informed the Manhattan court that Bankman-Fried had attempted to intimidate a witness. Judge Kaplan stated that there is evidence to suggest …
A federal judge in New York has revoked the bail of Sam Bankman-Fried, the would-be cryptocurrency mogul and founder of FTX, following allegations of witness tampering. Multiple outlets have reported on this development. This decision means that Bankman-Fried, who is facing fraud charges, will remain in jail until his trial in October, although his attorneys …
Disgraced FTX founder, Sam Bankman-Fried, is scheduled to make an appearance in a Manhattan federal court this Friday afternoon. In this hearing, a judge will determine whether Bankman-Fried ought to be sent to jail while awaiting trial for allegedly defrauding customers of billions of dollars. Federal prosecutors will present their argument as to why Bankman-Fried …
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, is facing the prospect of being jailed until his fraud trial in October. Prosecutors have argued that Bankman-Fried should be detained due to concerns that he may intimidate witnesses and influence their testimony. Bankman-Fried, who was once a billionaire, has been under house arrest at his …
Sam Bankman-Fried, the founder of crypto company FTX, had a unique idea amidst having billions of dollars in his digital wallet. In a recent complaint filed by FTX against Bankman-Fried and three other ex-executives, it was revealed that he had considered purchasing an entire island nation, Nauru, and building a bunker for himself and other …
Sam Bankman-Fried, the 31-year-old crypto entrepreneur, allegedly used stolen funds from FTX’s sister hedge fund, Alameda Research, to pay his legal defense team a whopping $10 million. According to a new lawsuit filed in Delaware bankruptcy court, the funds were transferred as a “Bankman Gift Transfer” from Bankman-Fried’s FTX account to his father’s personal account …
In a series of private writings, Caroline Ellison, the former polyamorous partner of disgraced FTX founder Sam Bankman-Fried, revealed her concerns about causing drama during their numerous breakups. Ellison, who is expected to testify against Bankman-Fried in his upcoming trial for allegedly defrauding FTX customers out of billions, detailed her dissatisfaction and discomfort with their …
According to a lawsuit filed against Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, the FTX Foundation, a nonprofit arm of FTX, had plans to purchase the small Pacific island nation of Nauru to build a bunker for an apocalyptic event. The lawsuit, filed in Delaware bankruptcy court, claims that Bankman-Fried’s brother Gabe, …