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Sam Bankman-Fried Issues First Statement Since Sentencing: “I Never Thought What I Was Doing Was Illegal,” ABC News Reports

Sam Bankman-Fried Issues First Statement Since Sentencing: “I Never Thought What I Was Doing Was Illegal,” ABC News Reports

Former “king of crypto” Sam Bankman-Fried is speaking out following his sentencing last week - telling ABC News that he "never thought" his actions...
Apr, 02, 2024
3 min read
by Cryptonews
FTX Founder Bankman-Fried Sentenced To 25 Years For Fraud, Conspiracy

FTX Founder Bankman-Fried Sentenced To 25 Years For Fraud, Conspiracy

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday on seven criminal charges — two counts of fraud and five counts of co...
Mar, 28, 2024
3 min read
by Crunchbase
FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity

FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity

Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) cont...
Mar, 12, 2024
2 min read
by Cryptonews
FTX Creditors Hit Crypto Exchange’s Legal Counsel With Lawsuit Over Fraud and Civil Conspiracy Allegations

FTX Creditors Hit Crypto Exchange’s Legal Counsel With Lawsuit Over Fraud and Civil Conspiracy Allegations

Creditors of bankrupt crypto exchange FTX have filed a class-action lawsuit against a global law firm providing legal counsel to the former digital...
Feb, 19, 2024
2 min read
by The Daily Hodl
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims

FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims

FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors...
Feb, 18, 2024
2 min read
by Cryptonews
From $10M to $500K: FTX Slashes Digital Custody Unit Price in Post-Collapse Sale

From $10M to $500K: FTX Slashes Digital Custody Unit Price in Post-Collapse Sale

Now-defunct crypto exchange FTX is set to sell one of its Digital Custody Inc. (DCI) unit for a fraction of its original price. DCI, which was purc...
Feb, 13, 2024
3 min read
by Cryptonews
FTX to Sell Off Digital Custody at a Very Steep Markdown

FTX to Sell Off Digital Custody at a Very Steep Markdown

The sale will free up $500k that can be used to pay off creditors.
Feb, 12, 2024
2 min read
by CryptoPotato
FTX’s Decision to Drop Relaunch Plans Leads to DCI Sale at 95% Discount

FTX’s Decision to Drop Relaunch Plans Leads to DCI Sale at 95% Discount

In a recent filing, the FTX Debtors’ estate, under the leadership of CEO John Ray III, announced its decision to sell Digital Custody Inc. (DCI) to...
Feb, 11, 2024
1 min read
by CoinEdition
Sam Bankman-Fried’s Parents File for Dismissal in FTX Fraudulent Transfer Case

Sam Bankman-Fried’s Parents File for Dismissal in FTX Fraudulent Transfer Case

The parents of Sam Bankman-Fried, the disgraced founder of FTX, are seeking to have the lawsuit filed against them dismissed. They are arguing that...
Jan, 17, 2024
2 min read
by Cryptonews
FTX Legal Saga: Expert Predicts Prolonged Battle

FTX Legal Saga: Expert Predicts Prolonged Battle

The post FTX Legal Saga: Expert Predicts Prolonged Battle appeared first on Coinpedia Fintech News While 2023 might be remembered for the sheer num...
Jan, 02, 2024
2 min read
by Coinpedia