News with the tag "FTX collapse"

In a move hailed as a significant step forward for cryptocurrency user safety, Japan has solidified its position as a proactive regulator in the digital asset space. Following the tremors of the FTX exchange collapse, the nation’s Financial Services Agency (FSA) has greenlit a comprehensive report o...

A federal court has outlined just how extensive Sam Bankman-Fried's assets were before the young CEO of FTX was tried and imprisoned for fraud , and the government swooped in to seize roughly $1 billion in financial assets and two aircraft. The final order of forfeiture issued on Tuesday by the U.S....

Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.

Bureau of Prison records indicate that former Alameda Research CEO Caroline Ellison’s sentence was also reduced by three months.

Tesla CEO Elon Musk recently sparked speculation by suggesting via X that U.S. President Joe Biden might issue a preemptive pardon for Sam Bankman-Fried (SBF) , the disgraced founder of FTX. Musk claimed, “I will be shocked if this doesn’t happen,” referencing SBF’s status as a major donor to Democr...

Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.

Caroline Ellison, the former CEO of Alameda Research and key witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday to begin her two-year prison sentence. This development follows her sentencing in September, where she was al...

Gary Wang, the former chief technology officer at FTX and a one-time member of former CEO and convicted fraudster Sam Bankman-Fried’s inner circle, has requested that he serve no prison time for his role in the crypto exchange’s 2022 implosion.

The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.

Worldcoin, the crypto project co-founded by OpenAI’s CEO Sam Altman, recently saw its token’s price drop over 6% following Alameda Research’s continued sales. Some analysts believe WLD’s price could continue to move sideways before recovering its bullish momentum. Related Reading: Experts Discuss Wh...