Accused cryptocurrency fraudster Sam Bankman-Fried has asked a judge to keep secret the identities of two people who agreed to sign his bond, claiming they’d face harassment if their names were released. Bankman-Fried was charged in a Manhattan federal indictment in December on eight counts related to an alleged sprawling fraud, money-laundering and campaign-finance scheme…
DetailsFallen FTX mogul Sam Bankman-Fried appeared in court in the Bahamas Tuesday, signaling he plans to fight extradition to the US, where he faces a slew of federal charges, including fraud and making illegal campaign contributions. The 30-year-old accused crypto crook appeared relaxed and wearing a blue shirt at a heavily guarded court in the…
DetailsDisgraced crypto mogul Sam Bankman-Fried unleashed a wild, wide-ranging interview in which he appeared to shift blame for the collapse of his company FTX to the trading firm run by his ex-girlfriend, Caroline Ellison. Bankman-Fried is under intense pressure to address his decision to funnel $10 billion in FTX client funds to prop up Alameda…
DetailsSam Bankman-Fried claimed he didn’t know how a $16.4 million Bahamas mansion got listed under his parents’ names, insisting that it was meant to house staffers at his now-defunct FTX cryptocurrency exchange. “I don’t know the details of the house for my parents,” Bankman-Fried told the New York Times’ Andrew Ross Sorkin via Zoom at…
DetailsDisgraced cryptocurrency tycoon Sam Bankman-Fried has decided not to contest extradition from the Bahamas to the US where he is facing fraud charges. The fallen 30-year-old FTX mogul was arrested Monday night after the Bahamian government received formal notification from the Justice Department that Bankman-Fried was charged with defrauding investors out of $1.8 billion. He…
DetailsSam Bankman-Fried remained in a Bahamian jail Monday despite reports he would allow his extradition to the US — following what a local judge called a “wasted day” in court. The 30-year-old alleged crypto grifter had been widely expected to give up his extradition fight Monday following his arrest in the Bahamas last week on US charges he’d defrauded…
DetailsProsecutors investigating accused crypto grifter Sam Bankman-Fried have demanded information from high-level Democrats — including the Democratic National Committee, the Democratic Congressional Campaign Committee and New York Rep. Hakeem Jeffries, the incoming House minority leader — to help prove their sprawling case, according to a report. Top Dem lawyer Marc E. Elias, who represents a…
DetailsThere are several barometers indicating just how much trouble FTX founder Sam Bankman-Fried is facing after incinerating billions of dollars of client money — his company’s balance sheet from hell, the deeply sketchy-sounding back channel for moving his customers’ funds around, the reported SEC and Bahamian probes. But the best measurement might just be his…
DetailsThe ex-girlfriend of disgraced crypto mogul Sam Bankman-Fried and a co-founder of FTX pleaded guilty to fraud charges in the collapse of the cryptocurrency exchange and are both cooperating with federal prosecutors, officials announced Wednesday night. Caroline Ellison, the former CEO of Bankman-Fried’s crypto hedge fund company Alameda Research, and Gary Wang, a co-founder of…
DetailsThe case of “where did the money go” is beginning to unravel for crypto exchange FTX. On November 11, the exchange’s founder, Sam Bankman-Fried filed for Chapter 11 bankruptcy protection for FTX and about 130 of its affiliated companies. The decision came after a scurry of withdrawals left the exchange illiquid. On Wednesday, Bankman-Fried arrived…
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