Bankman-Fried Arraignment in New York Set for Next Week
Disgraced FTX founder Sam Bankman-Fried will be arraigned by the U.S. District Court for the Southern District of New York next week.
FTX Customers File Class Action to Claim Assets Within Bankruptcy Case
A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their holdings with the trading platform belong to them rather than the failed company.
Sam Bankman-Fried Met With ‘Big Short’ Writer Michael Lewis During House Arrest
Currently holed up at his parents’ home at Stanford University after being released on $250 million bail last week following being slapped with federal charges of financial fraud and money laundering, Bankman-Fried was visited by bestselling author Michael Lewis.
Give the Money Back — FTX’s New Management Is Seeking to Recover the Dollars Paid by SBF to Politicians
According to federal prosecutors investigating the case, the assets of FTX’s clients were used, among other things, to make donations to political figures in the United States.
Sam Bankman-Fried Criminal Case Assigned to New Judge
The criminal case against former FTX CEO Sam Bankman-Fried was reassigned to U.S. Judge Lewis Kaplan after U.S. District Judge Ronnie Abrams recused herself on Friday.
Why Did SBF Not Have to Make a Payment to Secure Release? Can He Flee the US?
FTX founder Sam Bankman-Fried was released on personal recognizance with a bail bond set at $250 million.
How Did Sam Bankman-Fried Get Bail?
Federal bail does not necessarily work the way you think it should.
Judge in SBF Case Recuses Herself Over Husband’s Firm’s Past Work for FTX
Federal judge Ronnie Abrams of the US District Court for the Southern District of New York formally withdrew from adjudicating the case on Friday afternoon, just one day after Bankman-Fried was released from custody to stay with his parents in their Palo Alto home as he awaits trial on eight criminal charges including wire fraud, conspiracy to commit money laundering, and violations of federal campaign finance laws.
Caroline Ellison’s Testimony Claims SBF Directed Her to Co-Mingle Customer Funds Since 2019
The ex-Alameda CEO’s testimony details that she was fully aware from 2019 to 2022, that Alameda Research had access to a special borrowing facility that allowed the company to maintain an unlimited line of credit with zero collateral. The ‘borrowing facility,’ according to Ellison, was FTX’s customer funds.
Alameda Could Borrow Unlimited Amount of Customer Funds From FTX
The latest report by Reuters reveals that Alameda Research could borrow unlimited money from FTX. Moreover, the former FTX CEO – SBF – and former Alameda CEO – Caroline Ellison – agreed to hide this fact from lenders, investors, and customers.
