FTX Financial News

06.10 / 18:39

Law regulation crimes FTX Court Sam Sam Bankman-Fried ordered ‘special privileges’ for Alameda account on FTX — Gary Wang

Gary Wang, FTX’s co-founder and former chief technology officer, again appeared in court on the fourth day of the criminal trial of former CEO Sam “SBF” Bankman-Fried to speak on the connections between the crypto exchange and Alameda Research.

06.10 / 09:13

FTX Sam Withdrawals FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals

FTX co-founder Gary Wang has testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud.

05.10 / 22:33

regulation Fraud FTX Trial FTX deposits went to account controlled by Alameda for months, Yedidia testifies

Adam Yedidia, Sam Bankman-Fried’s college roommate and an early employee of FTX, continued his testimony on Oct. 5, the second day of former FTX CEO Bankman-Fried’s trial in New York. Yedidia was testifying for the prosecution with immunity.

05.10 / 21:31

Binance FTX Binance CEO CZ Turned Down $40 Million Deal with SBF for Futures Exchange

Binance CEO Changpeng "CZ" Zhao turned down a $40 million offer from former FTX CEO Sam Bankman-Fried in March 2019 to create a cryptocurrency futures exchange.

05.10 / 20:45

Law regulation crimes FTX Court 'We allowed Alameda to withdraw unlimited funds' — Gary Wang at SBF trial

Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, was the latest witness to testify in the criminal trial of former CEO Sam “SBF” Bankman-Fried.

05.10 / 18:59

Law regulation crimes FTX Court Sam College roommate talked to Sam Bankman-Fried about FTX’s $8B hole on a paddle tennis court: Trial

On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer Adam Yedidia testified about the $8-billion deficit the crypto exchange reported prior to its bankruptcy.

05.10 / 15:17

FTX Trial SBF Sam Close Associates of Sam Bankman-Fried to Take Stand Today in Ongoing Trial

As the trial of the former CEO of collapsed crypto exchange FTX Sam Bankman-Fried enters its third day, the prosecution is expected to call two close associates of the defendant to the stand.

05.10 / 15:17

Citi Metro FTX President reports travelers Sam Librarian and Retired Corrections Officer Included in Jury for Sam Bankman-Fried Case

The jury selection process for the trial of Sam Bankman-Fried concluded on Wednesday morning, with a diverse group of individuals from various professional backgrounds chosen to serve.

05.10 / 12:01

business regulation Department Of Justice FTX Trial Sam Sam Bankman-Fried’s jets are subject to forfeiture, says prosecution

Sam Bankman-Fried’s (SBF) two multi-million dollar luxury jets are now subject to forfeiture, according to a filing from the United States Department of Justice (DOJ) on Oct. 4.

05.10 / 12:01

Blockchain defi FTX FTX Token Bitcoin Sam Sam Bankman-Fried inner circle to testify today

A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people’s money to enrich himself? In the first hours of Sam “SBF” Bankman-Fried’s six-week trial, that was the tone between his defense counsel and the prosecution.

05.10 / 10:19

Blockchain Ethereum Hackers hacks FTX Sam FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF).

05.10 / 06:39

business regulation Fraud FTX Court Trial Sam 12 people will decide the fate of former FTX CEO Sam Bankman-Fried

A pregnant physician’s assistant, a train conductor and a retired investment banker are reportedly among the 12 individuals who will eventually decide on the fate of former FTX CEO Sam Bankman-Fried.

04.10 / 21:27

Law regulation crimes FTX Court Sam bitcoin holdings Broker Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial

The prosecuting attorneys in the criminal case against former FTX CEO Sam Bankman-Fried, also known as SBF, have started to call witnesses.

04.10 / 16:35

Blockchain regulation FTX FTX Token Bitcoin Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report

Blockchain data analysts from Nansen have revisited the days leading up to the collapse of FTX, including the transfer of $4.1 billion worth of FTT tokens between the exchange and Alameda Research.

04.10 / 13:21

UPS Citi Pool FTX reports Sam Sam Bankman-Fried Trial Jury Selection Extends to Second Day Amid Bias Concerns – What's Going On?

The jury selection process in the criminal trial of FTX founder Sam Bankman-Fried is set to continue for a second day amid concerns of potential bias among prospective jurors.

04.10 / 13:21

Digital CEO Strategy Software FTX Experts Juror Unfamiliarity of Cryptocurrency Poses Challenge in FTX Trial

As the trial against Sam Bankman-Fried, the disgraced former CEO of bankrupt crypto exchange FTX, begins, the complexity of the world of crypto is emerging as a significant challenge for both the prosecution and the defense.

04.10 / 10:11

business Blockchain regulation Department Of Justice FTX FTX-SBF charges valid despite lack of US crypto laws, DOJ says

The United States Department of Justice (DOJ) filed a motion in court on Oct. 4, claiming the lack of crypto regulations in the U.S. is no bar to the criminal charges made against former FTX CEO Sam Bankman-Fried (SBF).

04.10 / 07:36

FTX Anthropic 500 FTX's $500 Million Investment in OpenAI Rival Offers Hope for Creditors as Anthropic Eyes $2 Billion Funding from Google

FTX's $500 million investment in Anthropic in 2022 could potentially become a game-changer for creditors after OpenAI rival revealed its intention to raise another $2 billion from Google and other firms.

03.10 / 22:07

regulation Fraud FTX Trial FTX Token Sam Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 1]

Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam Bankman-Fried. As the saga unfolds, check below for the latest updates.

03.10 / 21:11

regulation crimes FTX Court Sam FTX execs who pleaded guilty among names of potential witnesses in Sam Bankman-Fried’s criminal case

Many former executives with cryptocurrency exchange FTX or its sister companies are on the list to testify in the United States Justice Department’s criminal case against Sam Bankman-Fried, or SBF.

03.10 / 19:57

regulation Fraud FTX Insurance Trial Sam Costs Sam Bankman-Fried sues insurance company for defense costs as trial opens

As the final preparations for the trial of Sam Bankman-Fried were underway in Manhattan, attorneys for the embattled former FTX CEO were filing a suit against the Continental Casualty insurance company in the United States District Court of Northern California. That company has allegedly provided Paper Bird and its subsidiary FTX Trading directors and officers (D&O) insurance. The suit was filed by Bankman-Fried as an individual.

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