FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry and plan to keep investing. Evan Luthra, an app developer, entrepreneur and angel investor, told … Read more
The highly anticipated criminal trial for Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, begins Tuesday to determine whether he’s guilty of seven counts of fraud and conspiracy. The 31-year-old co-founded FTX in 2019; within a few years the once third-largest crypto exchange’s valuation hit $32 billion at its peak. It’s now trying to … Read more
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | Reuters Sam Bankman-Fried does not approve of prosecutors’ request to allow a Ukraine-based FTX customer to testify remotely in the … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/24289350/STK_226445_Sam_Bankman_Fried_FTX_1.jpg)
The legal professionals who characterize what’s left of FTX filed swimsuit in opposition to Sam Bankman-Fried’s dad and mom, saying they “exploited their entry and affect throughout the FTX enterprise to complement themselves, immediately and not directly, by thousands and thousands of {dollars}.” The purpose of the swimsuit is to get that cash again so … Read more
A federal choose stated there’s proof Sam Bankman-Fried twice tried to discredit witnesses by leaking delicate paperwork to the press.Picture: Bebeto Matthews (AP) As soon as the lord of a multibillion-dollar crypto empire below the FTX model title, Sam Bankman-Fried will now have to organize himself for his upcoming trial from a cell. A New … Read more
The Nauru ring highway runs proper across the island nation of Nauru. (C) Hadi Zaher | Second | Getty Photos Sam Bankman-Fried’s youthful brother, who was a high lobbyist for failed crypto trade FTX, thought-about buying the island nation of Nauru within the Pacific to create a fortified apocalypse bunker state, a lawsuit filed in … Read more
Ever because the ill-fated crypto change FTX went bankrupt final 12 months, proof has been constructing of rampant legal exercise on the a part of the agency’s high executives. A brand new report on the corporate’s funds revealed Monday does nothing to dispel that notion, revealing as a substitute new allegations about how the failed … Read more