worlds bowl falls begins charges fund exchanges alleged ftt marshals chinese contributions political regulations judge cryptocurrency signal report committee ceo celebrities latest rocked surrender dethroned sec billions client financial price

Articles for Ftx Investors

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
8 months, 3 weeks ago

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

LA Times  

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. And it’s not a trivial risk at all.” He added that it was “for the purpose of disabling him to the extent that can appropriately …

Crypto Investors Sentence Sam Ftx Mukasey Customer Funds
FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
9 months ago

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The chief executive of the …

Bankruptcy Ray Ftx Investors
What’s Changed for Crypto After FTX? Not Much.
1 year, 2 months ago

What’s Changed for Crypto After FTX? Not Much.

Live Mint  

The collapse of crypto exchange FTX wiped out millions of its customers’ crypto holdings and turned its billionaire founder into a pariah now facing criminal fraud charges in New York. Instead, regulators have pursued a piecemeal enforcement campaign designed to impose Wall Street’s rules on crypto—a move the biggest crypto exchanges, such as Binance, are fighting in court. Another FTX …

Crypto Investors Sec Ftx Exchange Binance Trading Firms
Political leaders who received donations from doomed crypto firm FTX urged to repay the funds
1 year, 10 months ago

Political leaders who received donations from doomed crypto firm FTX urged to repay the funds

Daily Mail  

Hundreds of politicians who received donations from doomed crypto firm FTX have been asked to return the money so it can repay its investors or face the possibility of being sued. FTX said in a statement it was sending 'confidential messages' to political leaders after the firm, under leadership of disgraced founder Sam Bankman-Fried, made upwards of $40 million in …

Money Congress Democratic Political Donations Republican Political Leaders Million
New FTX CEO says lax oversight, bad decisions caused failure
2 years ago

New FTX CEO says lax oversight, bad decisions caused failure

Live Mint  

Sam Bankman-Fried, founder and former CEO of the failed cryptocurrency exchange FTX, helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange, according to the company's new CEO, who testified before a House committee Tuesday. FTX CEO John Ray III, who has guided dozens of companies, including Enron, …

Financial Money Ray Ftx
FTX founder Sam Bankman-Fried led yearslong fraud at company, SEC says
2 years ago

FTX founder Sam Bankman-Fried led yearslong fraud at company, SEC says

Live Mint  

FTX founder Sam Bankman-Fried diverted customer funds from the start of his cryptocurrency exchange to support his hedge fund, Alameda Research, and to make venture investments, real-estate purchases and political donations, the Securities and Exchange Commission alleged in a lawsuit filed Tuesday. Unlike many of the SEC’s earlier enforcement actions against crypto companies, the SEC’s lawsuit doesn’t currently hinge on …

Investors Fund Sec Funds Led Customer Ftx
Rise and fall of crypto exchange FTX
2 years, 1 month ago

Rise and fall of crypto exchange FTX

Live Mint  

Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its spectacular collapse that has sent shivers through the industry. Nov. 2 - Crypto news website CoinDesk reported a leaked balance sheet that showed Alameda Research, Bankman-Fried's crypto trading firm, was heavily dependent on FTX's native token, FTT. Nov. 11 - FTX started voluntary …

Crypto Million Bahamas Ftx
Binance deal for FTX collapses
2 years, 1 month ago

Binance deal for FTX collapses

Al Jazeera  

Binance pulled out of the deal due to its corporate due diligence and reports of mishandled funds. A deal for leading cryptocurrency exchange FTX has collapsed, as bigger rival Binance said it was pulling out after doing due diligence on the proposed acquisition. Binance signed a non-binding agreement on Tuesday to buy FTX’s non-United States unit to help cover a …

Deal Ftx Binance