A group of FTX investors has agreed to drop legal claims against Sam Bankman-Fried. In exchange, the disgraced former crypto exchange CEO will cooperate in the investors’ suits against other defendants stemming from FTX’s collapse, including various celebrities paid to promote the exchange, according to court documents filed...
When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s legal defense hewed to on Thursday (March 28) during the fallen wunderkind’s sentencing hearing — but, as it turned out,...
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Bankman-Fried, who was found guilty on seven counts of fraud and conspiracy in November, was convicted of stealing $8 billion...
Disgraced cryptocurrency wunderkind Sam Bankman-Fried will not face another criminal trial. The FTX founder, already convicted on fraud and conspiracy charges connected to the collapse of his exchange in 2022, had been scheduled for another trial later this year on charges related to conspiracy to commit bank...
March 28, 2024
When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s legal defense hewed to on Thursday (March 28) during the fallen wunderkind’s sentencing hearing — but, as it turned out, all the hot air in the world can’t fill the sails of […]
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...
January 18, 2023
Crypto continues battling through a historic shock to its system, while industry lessons accumulate. In just the past two weeks alone, bitcoin (BTC) has risen 30% on the year hitting...
January 12, 2023
In a rally that sent all names higher, FinTech IPO Index soared 13.5% through the week. That’s a milestone — the first time it’s happened since we’ve been tracking these...
September 05, 2024
Thoma Bravo Founder and Managing Partner Orlando Bravo said Thursday (Sept. 5) that while blockchain technology has promise, he and his firm are steering clear of companies and products in that space. Bravo said this about three years after his private equity investment firm helped lead a $900 million investment in cryptocurrency exchange FTX, which later went bankrupt […]
April 21, 2024
A group of FTX investors has agreed to drop legal claims against Sam Bankman-Fried. In exchange, the disgraced former crypto exchange CEO will cooperate in the investors’ suits against other defendants stemming...
March 15, 2024
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Bankman-Fried, who was found...
January 02, 2024
Disgraced cryptocurrency wunderkind Sam Bankman-Fried will not face another criminal trial. The FTX founder, already convicted on fraud and conspiracy charges connected to the collapse of his exchange in 2022, had been...
