News with the tag "FTX fraud"

New York Attorney General Letitia James made headlines today by filing a lawsuit against cryptocurrency firms Genesis Global, Digital Currency Group (DCG), and Gemini. The lawsuit accuses the firms of defrauding investors of more than $1 billion. With the recent news from the New York Attorney Gener...

The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 18 with the direct examination of the prosecution’s expert witness, Peter Easton, an Accounting Professor who works at the University of Notre Dame. Expert Testimony Shows Customers’ Funds W...

In an X social media post on Wednesday, Jesse Powell, the co-founder of Kraken, criticized venture capital firms for their role in what he described as "obvious fraud" at FTX, led by Sam Bankman-Fried (SBF). Powell's comments come amid ongoing legal proceedings against SBF in New York.... Read More:...

FTX’s so-called “Backstop Fund” figure was a big lie, according to the crypto exchange’s former chief technology officer.

FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange

Despite campaign finance charges being dropped in July, the prosecution has been granted permission to present evidence of Bankman-Fried’s political donations in his upcoming fraud trial.