News with the tag "sam bankman fried"

The biggest crypto exchange collapse, the FTX crash, is again in the limelight, as a Sam Bankman-Fried biopic is in the making. After the launch of the Sam-inspired book ‘Going Infinite: The Rise and Fall of a New Tycoon,’ right after the collapse, a book adaptation is in process to bring the writin...

Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is set to be sentenced on Nov. 20.

On Monday, a US bankruptcy court officially approved the liquidation plan for cryptocurrency exchange FTX, allowing the company to repay its customers using approximately $16 billion in recovered assets. This decision comes at a critical time for the crypto market, as creditors are poised to receive...

In a dramatic turn of events, Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. The judgment was handed down by US District Judge Lewis Kaplan during a hearing in a Lower Manhattan federal courtroom on March ...

The CEO of Better Markets, Dennis Kelleher, spoke out harshly against the cryptocurrency sector. To Bloomberg, he called it a “lawless industry” with no justified use. At the backdrop of the FTX default, his comments point to the vulnerability of the sector. The words of Kelleher emphasize the neces...

The estate of the bankrupt crypto exchange FTX has announced plans to sell about two-thirds of its 8% stake in the artificial intelligence startup Anthropic in deals totaling $884 million. According to a report by the Wall Street Journal on Monday, ATIC Third International Investment Company LLC, li...

United States prosecutors have recommended a maximum sentence of 50 years in prison for former FTX CEO Sam Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023. This sentencing proposal has sparked controversy, with Bankman-Fried’s lawyers condemning it as reminisc...

In a recent update, Zac Prince, the founder and former CEO of the now-bankrupt cryptocurrency lender BlockFi, has shared insights into the company’s bankruptcy proceedings and his future career plans. Prince’s silence until now was a strategic decision to allow the bankruptcy process to unfold witho...

In a recent development within the high-profile case of Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, a plea for leniency has been submitted to the US District Court. Marc Mukasey, the attorney representing Sam Bankman-Fried, addressed US District Judge Lewis Kaplan,...

Alex Mashinsky, the former CEO of the now-defunct crypto lending platform Celsius, has announced his decision to hire the legal team that previously represented Sam Bankman-Fried, the disgraced co-founder of FTX, according to a Bloomberg report on Tuesday. However, this move comes as both individual...