Nov 2, 2023 · The verdict comes a year after FTX entered a death spiral that fueled a panic in the trillion-dollar crypto industry and left an estimated 1 million customers facing potential losses.

Feb 23, 2023 · Federal prosecutors announced four new criminal charges against Sam Bankman-Fried, the founder of crypto trading platform FTX, expanding his potential liability in what authorities allege is a ...

Dec 14, 2022 · The Securities and Exchange Commission charged Sam Bankman-Fried on Tuesday with defrauding investors in his failed crypto exchange FTX. Follow live news updates here.

Nov 18, 2022 · Soon after FTX went down, crypto firms were inundated requests from customers seeking to claw their money back — the crypto equivalent of a run on the bank.

Dec 13, 2022 · FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by misusing customer funds, according to an indictment from the US Attorney of the Southern ...

Nov 10, 2022 · The collapse of FTX is “a loud warning bell that cryptocurrencies can fail,” Democratic Sen. Sherrod Brown the chairman of the Senate Banking Committee, said in a statement on Thursday.

Apr 1, 2024 · Sam Bankman-Fried was sentenced to 25 years in federal prison last week for defrauding customers and investors in his failed crypto exchange FTX.

Nov 15, 2022 · Bankman-Fried secretly transferred about $10 billion of customer funds from FTX to his trading firm Alameda Research and used a “backdoor” to avoid triggering accounting red flags, sources ...

Nov 3, 2023 · He was also found guilty of defrauding lenders to FTX’s sister company, the hedge fund Alameda Research, which held FTX customer funds in a bank account.

Nov 3, 2023 · In November last year, FTX suffered a run on the bank — a customer panic sparked by a leaked document that suggested irregular financial dealings between FTX and Alameda Research, a hedge fund ...