Caroline Ellison News

FTX founder and former CEO Sam Bankman-Fried (SBF) faces multiple charges of fraud, wire fraud, money laundering, and more by US prosecutors. 

Bankman-Fried is being sued along with three former executives by FTX. The legal action has been led by John Ray, a refinancing specialist who succeeded Bankman-Fried as chief executive of FTX following its collapse in November 2022. 

Bankrupt FTX Trading Ltd.’s latest lawsuit against co-founder Sam Bankman-Fried and his former top executives revealed new details about the allegations of massive fraud at the fallen crypto conglomerate. 

The United States Department of Justice (DoJ) filed a complaint against FTX founder Sam Bankman-Fried (SBF), accusing him of leaking the private papers of Caroline Ellison, who was once his business ally and romantic partner.

Now-defunct cryptocurrency exchange FTX has filed a complaint against former CEO Sam Bankman-Fried and other key executives to retrieve more than $1 billion in allegedly misappropriated funds. 

By Jonathan Stempel

By Shubham Kalia and Gokul Pisharody

Sam Bankman-Fried of witness tampering and asked a federal judge to issue an order that would bar the former billionaire and other parties from making public statements likely to interfere with a fair trial. The prosecutors wrote to US District Judge Lewis Kaplan on Thursday referencing a New York Times article titled «Inside the Private Writings of Caroline Ellison, Star Witness in the FTX Case».

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Bankman-Fried's Alameda Research hedge fund; former FTX technology chief Zixiao «Gary» Wang; and former FTX engineering director Nishad Singh. FTX said the defendants continually misappropriated funds to finance luxury condominiums, political contributions, speculative investments and other «pet projects,» while committing «one of the largest financial frauds in history.» The alleged fraudulent transfers occurred between February 2020 and November 2022 when FTX filed for Chapter 11 protection, and can be undone--or «avoided»--under the U.S.

FTX has sued former CEO Sam Bankman-Fried and several other former key executives from the now-bankrupt crypto exchange to recover more than $1 billion in misappropriated funds. 

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than US$1 billion they allegedly misappropriated before FTX went bankrupt.

Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company's lawyers, who accuse him and members of his leadership team of stealing hundreds of millions of dollars.

Prosecutors in New York are reportedly looking into former FTX Digital Markets co-CEO Ryan Salame for potential violations of campaign finance law in the United States.

Former FTX CEO Sam Bankman-Fried claims prosecutors have missed discovery deadlines for key pieces of evidence required in the defense of a raft of fraud charges.

After filing for bankruptcy and coming under new management, FTX Group and its affiliated companies, including Alameda Research, have been actively trying to recover funds from firms they previously sent crypto to.

The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.

The United States Department of Treasury and Internal Revenue Service (IRS) have filed 45 claims worth $44 billion against bankrupt cryptocurrency exchange FTX and its subsidiaries.

FTX and Alameda Research’s former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm’s restructuring.

Lawyers representing FTX founder Sam Bankman-Fried have flagged it may be necessary to delay the criminal trial for the former crypto exchange executive — to give him more time to prepare his defense.

The United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital assets as well as use cases for blockchain technology.

Nishad Singh, the former director of engineering at now-defunct crypto exchange FTX, has pleaded guilty to U.S. criminal charges, agreeing to cooperate with the investigation into FTX founder Sam Bankman-Fried.