Sam Bankman Fried News

FTX founder Sam Bankman-Fried has entered a not guilty plea in Manhattan federal court in response to a new indictment that alleges charges of fraud and conspiracy. 

Recent court revelations surrounding Sam Bankman-Fried's family have exposed a web of deceit. 

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. 

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.

The embattled crypto exchange giant Binance completed its quarterly burn of 1.99 million BNB coins worth around $477 million on Wednesday successfully. 

FTX received court permission on Friday to remove customer names from all filings in its bankruptcy case, persuading a US judge that publishing the names would put people at risk of scams and identity theft. US Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled that FTX can permanently redact the names of individual customers from its bankruptcy filings, after hearing testimony that publishing customers' names would place them at risk even if other identifying information like their email address was kept secret. «It is the customers who are the most important issue in this case,» Dorsey said. «We want to make sure that they are protected and they don't fall victim to any types of scams.» In January, Dorsey had allowed FTX to keep secret the names of 9 million of its individual customers for three months.

Sam Bankman-Fried, the founder of the bankrupt FTX exchange, has been accused of using the $10 million he had transferred to his father during his time as CEO to cover his legal expenses.

Consequences of the FTX scandal at the hands of its founder and former CEO, Sam Bankman Fried, continue to surface. 

For the time being, neither of the two guarantors who endorsed a portion of Sam Bankman-250 Fried's million dollar bail bond will have their identities revealed to the public.

The former dean of Stanford Law School who co-signed Sam Bankman-Fried’s bail said he considered Bankman-Fried’s parents “the truest of friends” who helped his family through a “harrowing battle with cancer.”

The names of two of FTX co-founder Sam Bankman-Fried's guarantors were revealed on Wednesday, after an unsealing motion from media companies including CNBC was granted by a Manhattan federal judge.

When cryptocurrency exchange FTX collapsed late last year, it wasn’t just retail investors who were left nursing heavy losses.

Joshua Oliver In January, I walked up the front steps of a single-storey, grey-shingled house in a neighbourhood on the fringe of Stanford University. The moment I pressed the video doorbell, I heard Sam Bankman-Fried’s voice calling from inside.

The names of two guarantors who signed off on part of Sam Bankman-Fried’s $250 million bail bond will continue to remain a secret for now.

A property linked to Sam Bankman-Fried's political spending was pulled off the market by the seller as a sign of "good faith" after being linked to FTX customer funds, the Wall Street Journal reported.

A motion filed in the United States Bankruptcy Court for the District of Delaware seeks to glean valuable information from the likes of Gabriel Bankman-Fried and Barbara Fried, the brother and mother of the FTX founder.

Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth.

According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud.

30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services.

SOL, the native token of the Solana blockchain, slumped under $10 for the first time since February 2021 on Wednesday, dropping 10% intra-day and extending its losses since the abrupt collapse of Sam Bankman Fried’s seemingly corrupt FTX/Alameda crypto empire in early November to roughly 70%. Price predictions thus remain highly pessimistic. 

Disgraced former FTX CEO Sam Bankman-Fried has been released from jail after posting a $250m bond in a New York court.