News
Former FTX CEO Sam Bankman-Fried’s odds on Polymarket of being pardoned by US President Donald Trump have more than doubled since Changpeng Zhao was pardoned.
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Latest Sam Bankman-Fried News
Sam “SBF” Bankman-Fried founded FTX in 2019, quickly establishing it as a major player in the cryptocurrency exchange market. His empire spanned trading, venture capital and esports sponsorship.
Despite early success, allegations of financial mismanagement emerged concerning the misuse of billions of dollars in customer funds.
In November 2022, FTX crashed due to a liquidity crisis, financial mismanagement and mass withdrawal of funds by rattled investors. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy, with Bankman-Fried sentenced to 25 years in prison in March 2024.
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Sam Bankman-Fried claimed that handing over FTX to its current CEO was the “single biggest mistake” that prevented him from saving the exchange.
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The lawsuit alleges former FTX CEO Sam Bankman-Fried directed investments in the crypto mining company, funds the exchange’s trust wants returned.
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The distribution marks the third payout to creditors of the former exchange as it continues dispensing up to $16.5 billion in funds.
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The former SEC chair and Paul Atkins, the current head of the agency, both made media appearances this week to address significant policies proposed by US President Donald Trump.
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Almost two years after Sam Bankman-Fried was sentenced to 25 years in prison for his role in the downfall of crypto exchange FTX, the former CEO's lawyers will return to court.
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FTX creditors are awaiting progress on at least $2.2 billion worth of disputed claims, with some users reporting issues with the KYC verification process.
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Actor Ben McKenzie said he had spoken with Sam Bankman-Fried before the collapse of FTX and Alex Mashinsky before Celsius Network filed for bankruptcy.
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Experts weigh in on the move of Sam Bankman-Fried, the disgraced FTX co-founder convicted of fraud, to a lower-security US prison in California.
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US authorities relocated the former FTX CEO to the Federal Correctional Institution in Terminal Island after he participated in a reportedly unsanctioned interview.
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Nearly 400,000 FTX users risk losing $2.5 billion in crypto repayments unless they complete KYC verification before the extended June 1 deadline.
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The Louisiana lawmaker demanded that the Securities and Exchange Commission ensure that two standards of law don’t exist in the US.
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Sam Bankman-Fried is no longer located at the Metropolitan Detention Center in Brooklyn after an unsanctioned interview with Tucker Carlson.
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The missing $1.5 billion may still not have been enough for 3AC to cover creditor claims before the $10 billion crypto hedge fund’s collapse in 2022, Nansen analysts told Cointelegraph.
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A representative for the US Bureau of Prisons reportedly said that Sam Bankman-Fried’s interview with Tucker Carlson was not approved by the agency.
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