Sam Bankman-Fried’s multibillion-dollar criminal financial fraud trial is nearing its halfway point. And Nishad Singh, the former engineering director at the since-imploded FTX cryptocurrency exchange, wilted somewhat under cross-examination on Tuesday (Oct. 17), the second and final day of his witness testimony in the trial...
One billion dollars is a lot of money to spend. But it reportedly took FTX’s 31-year-old co-founder and former CEO, Sam Bankman-Fried, barely two years to burn through more than that 10-figure amount on celebrity endorsements and sponsorship deals for his failed cryptocurrency exchange. Only...
Sam Bankman-Fried allegedly lied about many things over the course of his cryptocurrency exchange’s collapse. But when the since-indicted FTX co-founder first heard about the $8 billion deficit that would later sink his crypto empire, all he said was “that sounds correct.” And despite being...
With friends like these, who needs enemies? It is just the second day of witness testimony for Sam Bankman-Fried’s criminal trial, and already two of his longtime friends have sung like canaries. And they may be feeling more than little bit jilted by the curly-haired...
October 06, 2023
Sam Bankman-Fried allegedly lied about many things over the course of his cryptocurrency exchange’s collapse. But when the since-indicted FTX co-founder first heard about the $8 billion deficit that would later sink his crypto empire, all he said was “that sounds correct.” And despite being aware of the multi-billion-dollar deficit at Alameda Research and FTX, […]
July 09, 2024
Two former FTX executives who testified against the cryptocurrency exchange’s co-founder, Sam Bankman-Fried, now know when they will face sentencing hearings. Nishad Singh will be sentence on Oct. 30 and Gary Wang will be sentence on Nov. 20, with both having pleaded guilty to fraud, Reuters reported Tuesday (July 9). Prosecutors are expected to ask the […]
September 07, 2023
Former FTX executive Ryan Salame reportedly plans to plead guilty to criminal charges related to the collapse of the cryptocurrency exchange. This development comes just weeks before the trial of FTX co-founder...
February 28, 2023
In the latest development to the FTX saga, the former director of engineering at the defunct cryptocurrency exchange entered a guilty plea to criminal charges on Tuesday (Feb. 28). Nishad...
February 19, 2023
Another FTX executive will reportedly plead guilty in the fraud case against the company’s founder. Nishad Singh, the cryptocurrency exchange’s former engineering director and part of founder Sam Bankman-Fried’s inner...
