Rep. Ritchie Torres (D-N.Y.) told CoinDesk TV’s “<a href="https://www.coindesk.com/video/sam-bankman-fried-is-a-pathological-liar-us-congressman-after-ftx-hearing/">First Mover</a>” on Wednesday FTX CEO Sam Bankman-Fried is a “pathological liar.” Torres, a member of the House Financial Services Committee, added that “there’s evidence to suggest this much.”

According to O’Leary, he spoke with the FTX founder <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a> after the business declared bankruptcy. He quoted Bankman-Fried as saying that a large portion of the missing money was used to buy back FTX shares from Binance founder Changpeng “CZ” Zhou.

The Bahamas and United States attorneys overseeing the restructuring procedures for Sam Bankman-Fried’s FTX appear to be at conflict on who should gain control of internal records of the now-defunct cryptocurrency exchange.

A federal bankruptcy judge will hear evidence about the potentially criminal movement of assets out of FTX and its affiliated companies, in what is the latest escalation of a heated legal struggle between the failed crypto firm new leadership and federally indicted former CEO Sam Bankman-Fried.

A Busan city representative has refuted reports that global cryptocurrency exchange Binance and now-bankrupt FTX.com have backed out of their partnership with South Korea’s Busan city to help build its first city-backed crypto exchange.

An indictment filed by the Southern District of New York (SDNY) alleged that the arrested FTX founder Sam Bankman-Fried made political donations in the name of other persons.

The United States House Committee on Financial Services heard the testimony of John Ray III, the man in charge of cleaning up the mess at the bankrupt crypto exchange FTX. As the new CEO and Chief Restructuring Officer, Ray has been going through the company’s records since 11 November.&nbsp;

It looks like the final chapter in the SBF-FTX story is finally in as Bankman-Fried has officially been arrested by the Royal Bahamas Police Force after the US filed criminal charges. It is expected that the US will soon request the extradition of SBF.

In a recent tweet, Ripple’s general counsel Stuart Alderoty shed more light on the charges filed by the SEC against the former CEO of the former second-largest cryptocurrency exchange by trading volume.

Court filings against alleged crypto fraudster Sam Bankman-Fried are shedding more light on the cozy relationship that burned down his empire: the one between crypto exchange FTX and its sister hedge fund Alameda Research.

The CFTC is the latest regulatory agency to charge SBF, FTX and Alameda with violating existing commodities laws and regulations.

Sam Bankman-Fried is headed to jail after a magistrate judge in the Bahamas denied his bail application and remanded him to the Department of Corrections, Reuters <a href="https://twitter.com/ReutersLegal/status/1602784389250789376">said</a>.&nbsp; The disgraced former CEO of FTX was was deemed a flight risk and will be held until at least Feb. 8 when "the matter resumes."&nbsp;

Damian Williams, United States Attorney for the Southern District of New York, said the investigation in the collapse of FTX was ongoing, hinting at additional announcements on potential arrests in the future. He called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you.”

FTX bankruptcy lawyers are beginning to focus on the money trail that is much more visible, that is, the millions of dollars donated to politicians.&nbsp;

FTX was a massive hydra with subsidiaries across the globe. Amid FTX’s failure and entrance into bankruptcy court, one of these subsidiaries appears to be relatively unscathed: FTX Japan.&nbsp;

Bankman-Fried was arrested Monday by Bahamian authorities at the request of the U.S. government, which charged him with eight criminal violations, ranging from wire fraud to money laundering to conspiracy to commit fraud. He was also charged with making illegal campaign contributions, a notable charge as Bankman-Fried was one of the largest political donors this year.

John Ray III told lawmakers that there were no distinctions between FTX, Alameda Research and other entities which filed for bankruptcy protection last month.&nbsp;

The Commodity Futures Trading Commission (CFTC), the United States derivatives market regulator, on Tuesday charged Sam Bankman-Fried, the Founder and former CEO of bankrupt cryptocurrency exchange, FTX, with “fraud and material misrepresentations in connection with the sale of digital commodities in interstate commerce.”

In an ongoing Congressional hearing, FTX’s newly appointed chief executive <a href="https://coingape.com/ftx-ceo-john-j-ray-blasts-sbf-ahead-ftx-tomorrows-congressional-hearing/">John Ray III</a> told the panel that Sam FTX founder Sam Bankman-Fried “should have known” his actions and conflict of interest between the corporate relationship between the FTX crypto exchange and its trading arm <a href="https://coingape.com/tag/alameda-research/">Alameda Research</a> would result in the empire’s final collapse.

A day after former FTX Chief Executive <a href="https://decrypt.co/117054/ftx-founder-sam-bankman-fried-arrested-bahamas" target="_blank">Sam Bankman-Fried was arrested</a> in the Bahamas, United States Attorney for the Southern District of New York Damian Williams provided insight into the charges levied against him.