FTX spent $40M on food, flights, and hotels in just 9 months: Court filings
FTX did not hold back on company expenses in the Bahamas, according to court documents. Go to Source Powered by WPeMatico
Sam Bankman-Fried
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SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’
Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX customers, on the other hand, … Read more
DOJ Asks Victims of Sam Bankman-Fried’s Fraud to Come Forward
The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders to Alameda Research,” the Justice Department noted. DOJ Urges Victims of SBF Fraud to Come Forward The U.S. … Read more
FTX asset sales challenged by U.S. Trustee: Report
A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s charitable donations sought by FTX: Report
FTX’s new management is seeking to recover millions of dollars donated by Future Fund and SBF. Go to Source Powered by WPeMatico
Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds
The founder of FTX pleaded not guilty to all criminal charges related to the collapse of crypto exchange FTX. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’
The legal team confirmed the U.S. Departure of Justice was in the process of seizing the Robinhood shares, but said SBF was “compelled to reply” given other claims. Go to Source Powered by WPeMatico
US Government Seizes Robinhood Shares Linked to FTX Founder Sam Bankman-Fried
The U.S. Department of Justice (DOJ) is in the process of seizing Robinhood shares, worth about $460 million, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets are not property of the bankruptcy estate or that they fall within the exceptions … of bankruptcy code,” a DOJ attorney told … Read more
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of the transactions took place on Dec. 28, there was some recent activity in the first … Read more
FTX’s former top lawyer cooperated with the US in Sam Bankman-Fried case
FTX’s former compliance chief Daniel Friedberg started working for Sam Bankman-Fried in 2017 and resigned from FTX days before the exchange collapsed. Go to Source Powered by WPeMatico