Following the collapse of cryptocurrency exchange platform FTX amid fraud convictions, former executives Caroline Ellison and Ryan Salame have had their prison time shortened. According to a Tuesday (Dec. 26) report from Seeking Alpha, Salame, the former CEO of FTX’s Bahamas subsidiary, started his sentence...
FTX is suing cryptocurrency giant Binance and its former CEO for $1.8 billion. The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal. It also accuses ex-Binance chief executive Chanpeng Zhao of orchestrating a “campaign to destroy” his one-time...
Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday (Nov. 7), CNBC reported, citing a Bureau of Prisons spokesperson. Ellison was sentenced in September...
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the sentence, a federal judge noted Singh’s cooperation with prosecutors, the New York Times reported Wednesday. Singh, former chief engineer at...
January 09, 2023
The FTX collapse provides a master class in caveat-emptor crypto industry risk management and accounting failures. This, as court documents confirm that the world’s one-time third-biggest cryptocurrency exchange was set up from the start so that customer funds entrusted to the platform were able to be comingled without their owners’ knowledge or consent. Disgraced FTX […]
November 24, 2022
Fraud is often obvious in retrospect, and as the dust around a scandal settles, it is often easy to point fingers at the failings of those actors who could have...
November 14, 2022
The epic crisis that many observers dreaded in crypto has seemingly come to pass. Right now, there’s mass confusion over who’s exposed to FTX’s spectacular collapse, how far the damage...
December 28, 2025
A key figure in the collapse of cryptocurrency exchange FTX is nearly set to leave prison. Caroline Ellison, a key prosecution witness during the fraud trial of FTX CEO Sam Bankman-Fried, is scheduled to leave federal custody Jan. 21 of next year, according to records from the U.S. Federal Bureau of Prisons. Ellison, 31, has […]
December 26, 2024
Following the collapse of cryptocurrency exchange platform FTX amid fraud convictions, former executives Caroline Ellison and Ryan Salame have had their prison time shortened. According to a Tuesday (Dec. 26)...
November 11, 2024
FTX is suing cryptocurrency giant Binance and its former CEO for $1.8 billion. The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal. It...
November 07, 2024
Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday...
