FTX collapse

DOJ: Bankman-Fried Can’t Use Anthropic Fundraising in Defense
DOJ: Bankman-Fried Can’t Use Anthropic Fundraising in Defense
October 09, 2023  |  Legal

When it collapsed, FTX had a $500 million stake in artificial intelligence (AI) firm Anthropic. Now, prosecutors want to keep FTX founder Sam Bankman-Fried from using the funds...

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FTX Co-Founder Gary Wang Says Bankman-Fried Was Financial Crimes Mastermind
FTX Co-Founder Gary Wang Says Bankman-Fried Was Financial Crimes Mastermind
October 05, 2023  |  Legal

With friends like these, who needs enemies? It is just the second day of witness testimony for Sam Bankman-Fried’s criminal trial, and already two of...

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FTX’s Former Customers Face ‘Nightmare’ Recovery Process
FTX’s Former Customers Face ‘Nightmare’ Recovery Process
October 05, 2023  |  Cryptocurrency

Nearly a year after FTX’s collapse, the cryptocurrency exchange’s customers are still hurting. Some have formed support groups. Others, per a report Thursday (Oct. 5) by Reuters, have...

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Report: FTX Workers Knew of Alameda ‘Backdoor’ Long Before Collapse
Report: FTX Workers Knew of Alameda ‘Backdoor’ Long Before Collapse
October 05, 2023  |  Legal

A new report sheds more light on FTX’s relationship with sister firm Alameda Research. In the months leading up to FTX’s collapse, some of its employees uncovered...

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Do Bankman-Fried Jurors Need Crypto Knowledge to Decide Case?
Do Bankman-Fried Jurors Need Crypto Knowledge to Decide Case?
October 03, 2023  |  Legal

Jurors in FTX founder Sam Bankman-Fried’s trial may not be familiar with cryptocurrencies. And as The Wall Street Journal (WSJ) reported Tuesday (Oct. 3), that lack of knowledge...

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FTX’s Sam Bankman-Fried Rose and Fell, Now Comes His Reckoning 
FTX’s Sam Bankman-Fried Rose and Fell, Now Comes His Reckoning 
October 02, 2023  |  Legal

It took around five days for the cryptocurrency exchange FTX to implode last November. It will take around five or six weeks for the founder...

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Bankman-Fried’s Friends May Be Key to Criminal Trial
Bankman-Fried’s Friends May Be Key to Criminal Trial
October 02, 2023  |  Legal

While the U.S. Department of Justice (DOJ) has precluded the testimony of all of accused crypto fraudster Sam Bankman-Fried’s seven witnesses in his imminent trial,...

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Report: Bankman-Fried’s Alleged Victims Still Believe in Crypto
Report: Bankman-Fried’s Alleged Victims Still Believe in Crypto
October 02, 2023  |  Cryptocurrency

Despite losing millions when FTX collapsed, some investors still believe in the promise of cryptocurrency. As CNBC reported Monday (Oct. 2) — in advance of a documentary on the...

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Bankman-Fried Trades Cargo Shorts for Trousers as Trial Looms
Bankman-Fried Trades Cargo Shorts for Trousers as Trial Looms
September 29, 2023  |  Legal

The biggest white collar trial of the past 15 years starts next Tuesday (Oct. 3). And the defendant, Sam Bankman-Fried — the famously frumpled co-founder...

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