FTX Employee Recruited by Sam Bankman-Fried seeks $275,000 Bonus

A former Jane Street trader, personally recruited by Sam Bankman-Fried to assist in FTX’s charitable giving, is currently embroiled in a dispute over his 2022 bonus while vehemently denying any prior knowledge of the fallen crypto mogul’s fraud prior to the company’s financial collapse. Ross Rheingans-Yoo, in a recent court filing, contends that FTX owes …

Read more

Unveiling Crypto Fraud in Bankman-Fried’s Trial: Efforts to Regulate the Industry Remain Lackluster in Congress

PALM SPRINGS, Calif. (AP) — The conviction of former cryptocurrency mogul Sam Bankman-Fried for embezzling at least $10 billion from customers and investors has further tarnished the reputation of the cryptocurrency industry. Surprisingly, there appears to be little interest in Washington to promote regulatory measures. During the collapse of cryptocurrencies and the failure of several …

Read more

Breaking News: FTX Crypto Fraud Case Verdict – Sam Bankman-Fried Found Guilty!

FTX founder Sam Bankman-Fried found guilty on all counts of fraud, conspiracy, and money laundering after highly publicized trial Sam Bankman-Fried, the former cryptocurrency billionaire and co-founder of FTX, has been convicted on seven counts including wire fraud conspiracy, wire fraud, conspiracy to commit money laundering, conspiracy to commit commodities fraud, and conspiracy to commit …

Read more

Sam Bankman-Fried Convicted for Defrauding FTX Customers, Investors, and Lenders

A 31-year-old entrepreneur and co-founder of FTX, Sam Bankman-Fried, has been found guilty by a Manhattan federal jury for defrauding his customers, investors, and lenders. This marks a significant downfall for Bankman-Fried, who was in charge during the largest cryptocurrency collapse in history. The jury deliberated for several hours and ultimately found him guilty on …

Read more

Sam Bankman-Fried Convicted in FTX Cryptocurrency Fraud Case: Unveiling the Truth

FTX Founder Sam Bankman-Fried Convicted of Fraud, Money Laundering, and Conspiracy Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been found guilty on all seven counts of fraud, conspiracy, and money laundering. The 31-year-old former billionaire was convicted of multiple charges, including wire fraud conspiracy, wire fraud, conspiracy to commit money laundering, conspiracy to …

Read more

SBF’s Lawyer Defends FTX Investments Amid Testimony of Suicidal Ex-Exec, Refuting Claims of Recklessness

FTX founder Sam Bankman-Fried’s attorney stated on Tuesday that the bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous.” This response comes in opposition to former executive Nishad Singh’s testimony, which characterized the exchange’s spending on marketing and celebrity endorsements as excessive. Singh, who previously served as FTX’s engineering chief, testified for the second consecutive day …

Read more

Sam Bankman-Fried Reacts with Disbelief as Ex Testifies: Inside the Mind of a Prosecutor

Sam Bankman-Fried, currently on trial for fraud, had a noteworthy reaction as his ex-girlfriend and former CEO testified against him. According to the prosecutor, Bankman-Fried “laughed, visibly [shook] his head, and scoffed” multiple times during Caroline Ellison’s questioning. The Guardian reports that the prosecutor expressed concern about Bankman-Fried’s reactions, considering their romantic history, “power …

Read more