FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says
Bankrupt cryptocurrency exchange FTX transferred $2.2 billion to founder Sam Bankman-Fried through various entities, the firm's new management said.
Cointime News Wrapup-Afternoon Version: Shiba Inu Token Falls 10% Amid Shibarium Code Drama
SHIB prices were down 10% in the past 24 hours, data shows.
FTX Identify Over $3B Transfer to SBF, Others
FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research.
Sam Bankman-Fried’s Bail Conditions Still Too Lenient, Says Judge
On Mar 10, Reuters reported that the U.S. District Judge Lewis Kaplan has expressed concerns over the proposed bail conditions for former FTX cryptocurrency exchange founder Sam Bankman-Fried.
Cointime News Wrapup-Afternoon Version: Crypto Bank Silvergate to Close, Return all Deposits; Becomes Latest Victim of 2022 Crypto Turmoil
Silvergate Capital, which provided lending services to scores of businesses in the cryptocurrency industry, said Wednesday it will cease operations and liquidate its bank unit.
Cointime News Wrapup-Afternoon Version: Binance Once Planned to Evade US Scrutiny, New Texts and Documents Confirm
The latest report from Wall Street Journal on Sunday, March 5, shows that Binance once devised a plan to avoid any regulatory scrutiny in the United States.
SBF Wants to Watch Netflix and Read Crypto News While Awaiting Trial
While Sam Bankman-Fried awaits his day in federal court, he should be allowed to conduct legal research online, keep up with news and sports, shop on Amazon, and place food delivery orders, according to a letter submitted to the court by U.S. Attorney Damian Williams. A previous request that focused on messaging applications was rejected last month by Federal Judge Lewis Kaplan. Writing to Kaplan again after consultation with the former CEO's legal team, Williams submitted requested adjustments to the conditions of SBF’s bail, establishing an allowlist of websites he could visit on a new, specially configured laptop. (Decrypt)
DOJ Attempts To Narrow FTX Founder’s Bail Terms
According to a court document filed on March 3, the US Department of Justice has suggested revised bail guidelines for former FTX CEO Sam Bankman-Fried (SBF).
Prosecutors Say SBF Should Only Access Approved Websites. He Wants Door Dash and the New York Post
Federal prosecutors are seeking to severely limit former FTX CEO Sam Bankman-Fried's connection to the internet and technological access to a "flip phone or other non-smartphone" while awaiting trial on a litany of charges connected to the collapse of the cryptocurrency exchange.
Sam Bankman-Fried Bail Restrictions Now Depend On These Two People
Former FTX founder Sam Bankman-Fried (SBF) proposes the names of two technology consultants that will help determine appropriate bail restrictions in his criminal fraud case. SBF was given a deadline of Friday to propose names of at least a technical consultant to prevent him from more bail restrictions.
