SDNY – DIGIT INFO

US prosecutors oppose Mango Market exploiter’s motion for acquittal

DIGIT — Thu, 19 Sep 2024 21:48:49 +0000

Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets’ insurance fund to ensure users retained their money.

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Sam Bankman-Fried requests long-acting Adderall to focus during trial

DIGIT — Mon, 16 Oct 2023 01:36:21 +0000

Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial.

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Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

DIGIT — Tue, 14 Mar 2023 14:00:02 +0000

The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: […]

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US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access

DIGIT — Mon, 06 Mar 2023 01:34:56 +0000

The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX […]

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Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors

DIGIT — Sat, 18 Feb 2023 00:30:23 +0000

Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director of engineering, is attempting to negotiate a deal with New York prosecutors. Sources […]

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SBF’s lawyers move to block release of bail guarantors’ identities

DIGIT — Wed, 08 Feb 2023 01:25:07 +0000

The appeal, filed on the last possible day, prevents the names of two bond guarantors for SBF from being revealed until at least Feb. 14.

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US Feds put together ‘FTX task force’ to trace stolen user funds

DIGIT — Wed, 04 Jan 2023 03:00:23 +0000

United States Attorney Damian Williams said the office is working “around the clock” to respond to the implosion of FTX.

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FTX Co-Founder Faces ‘No-Nonsense’ Judge Next Week, Report Says SBF ‘Expected to Enter a Plea’ in Fraud Case

DIGIT — Wed, 28 Dec 2022 22:35:05 +0000

According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S. judge Lewis Kaplan in Manhattan, according to a report published […]

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Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019

DIGIT — Fri, 23 Dec 2022 23:04:45 +0000

On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). […]

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SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security

DIGIT — Thu, 22 Dec 2022 22:00:19 +0000

On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission (SEC), FTX’s exchange token FTT is considered a security. […]

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