Sam Bankman-Fried

Binance co-founder Changpeng Zhao was released on Friday, after having served a four-month sentence for failing to implement Anti-Money Laundering (AML) measures between 2017 and 2022. But Zhao’s case is just one among many that highlight the growing enforcement against crypto crimes. The...

Caroline Ellison, a key accomplice of fallen cryptocurrency mogul Sam Bankman-Fried in the FTX scandal, was sentenced to 24 months in prison by a federal court on Tuesday. However, apart from the quantum of punishment, the remarks made by Judge Lewis Kaplan, who also presided over Bankman-Fried...

Caroline Ellison, the former CEO of Alameda Research and a central figure in the downfall of FTX, has been sentenced to 24 months in Manhattan federal court on Tuesday. What Happened: Once a trusted ally and romantic partner of FTX founder Sam Bankman-Fried, Ellison's cooperation with prosecutors...

Tron (CRYPTO: TRON) founder Justin Sun recently took to social media to confront critics of his newly launched Sun (CRYPTO: SUN) token, echoing a move reminiscent of former FTX founder Sam Bankman-Fried. What HappenedL In a post on X on Aug. 30, Sun expressed his frustration with those doubting the...

A U.S. judge has ordered FTX Trading Ltd. and Alameda Research LLC to pay $12.7 billion in restitution and disgorgement to creditors. What Happened: This ruling stems from a lawsuit filed by the Commodity Futures Trading Commission (CFTC) against the two entities, accusing them of committing fraud...

Investors frequently name the world’s wealthiest individuals as their top choices for interviews, dinner conversations or investment advice due to their extensive experience and remarkable success. A recent Benzinga poll on social media asked followers which duo of investors or popular...

Bankrupt crypto exchange FTX is seeking court approval to allow its millions of customers to vote on a plan that would repay them in cash, but some customers are unhappy with the terms. What Happened: FTX claims it has recovered $16 billion in assets, including $12 billion in cash, enough to repay...

Ryan Salame, once a prominent figure in the operations of the now-defunct cryptocurrency exchange FTX, has been sentenced to 90 months in prison. What Happened: The sentence will be followed by three years of supervised release, with Salame being ordered to pay over $6 million in forfeiture and...

The first close associate of Sam Bankman-Fried to plead guilty in the aftermath of FTX‘s downfall will be sentenced on Tuesday. What Happened: Ryan Salame, former CEO of FTX's Bahamas subsidiary, struck a plea deal with federal prosecutors in September. This occurred just weeks before Bankman...

Sam Bankman-Fried, the founder of crypto exchange FTX, who was found guilty of fraud and conspiracy, was transferred from a Brooklyn detention center on Wednesday morning. What Happened: While the exact destination of Bankman-Fried’s transfer remains unknown, his spokesman Mark Botnick told...

FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022, has accumulated a substantial cash reserve, allowing it to fully reimburse its customers. What Happened: FTX has amassed more than enough cash to cover the losses incurred by its customers during its collapse in November...

Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX, has reached a tentative agreement with a group of defrauded customers. What Happened: This agreement, pending judicial approval, stipulates that the plaintiffs will withdraw their class action lawsuit against Bankman-Fried...

Sen. Elizabeth Warren (D-Mass.) and Sen. Chuck Grassley (R-Iowa) have called on Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission (CFTC), to divulge details of his communications with Sam Bankman-Fried, the former CEO of FTX. What Happened: Senator Warren and Grassley...

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has lodged an appeal against his fraud conviction and 25-year prison sentence, which he received for his involvement in one of the largest financial frauds in American history. What Happened: Bankman-Fried filed his appeal a few weeks...

The swift prosecution of Sam Bankman-Fried, the founder of FTX, was largely due to the cooperation of the cryptocurrency exchange’s chief software engineer, as per a U.S. prosecutor. What Happened: The assistant U.S. attorney, Thane Rehn, disclosed that the cooperation of former FTX CTO Gary...