Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the prosecution of FTX founder Sam Bankman-Fried, reportedly received a harsher sentence than the one recommended by the federal Probation Department....
Caroline Ellison hopes to avoid prison time for her role in the FTX collapse. Ellison, the former CEO of FTX sister company Alameda Research, should be sentenced to time served and supervised release, her lawyers argued in a court filing Tuesday (Sept. 10). “Caroline Ellison...
Blockchain, at this point a significant industry, perpetually appears to be on the verge of mainstream acceptance. Its promise of delivering benefits such as easier access to financial products and services, improved resilience and security, and more competition and innovation remains an attractive one. And...
FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. The agreement, approved Wednesday (Aug. 7) by U.S. District Judge P. Kevin Castel, is part of a settlement between the fallen cryptocurrency platform and the Commodity Futures Trading Commission (CFTC). Under the agreement, FTX and...
January 09, 2023
The FTX collapse provides a master class in caveat-emptor crypto industry risk management and accounting failures. This, as court documents confirm that the world’s one-time third-biggest cryptocurrency exchange was set up from the start so that customer funds entrusted to the platform were able to be comingled without their owners’ knowledge or consent. Disgraced FTX […]
November 24, 2022
Fraud is often obvious in retrospect, and as the dust around a scandal settles, it is often easy to point fingers at the failings of those actors who could have...
November 14, 2022
The epic crisis that many observers dreaded in crypto has seemingly come to pass. Right now, there’s mass confusion over who’s exposed to FTX’s spectacular collapse, how far the damage...
October 30, 2024
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the sentence, a federal judge noted Singh’s cooperation with prosecutors, the New York Times reported Wednesday. Singh, former chief engineer at the failed cryptocurrency exchange, was sentenced for his part in […]
September 24, 2024
Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the prosecution of FTX founder Sam...
September 11, 2024
Caroline Ellison hopes to avoid prison time for her role in the FTX collapse. Ellison, the former CEO of FTX sister company Alameda Research, should be sentenced to time served...
August 08, 2024
FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. The agreement, approved Wednesday (Aug. 7) by U.S. District Judge P. Kevin Castel, is part of a settlement...
