Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison
A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison.
FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX was sentenced to 25 years in prison after being convicted of fraud for stealing at least $10 billion from customers and investors.
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for a cryptocurrency fraud that a prosecutor has described as one of the biggest financial frauds in U.S. history.
FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false.
Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud
Federal prosecutors are asking a New York judge to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a โhistoric fraud.โ.
FTX founder Sam Bankman-Fried's lawyer asks judge to reject 100-year recommended sentence
Sam Bankman-Fried's lawyer says a recommended sentence of 100 years in prison for the FTX founder is โgrotesqueโ and โbarbaricโ for cryptocurrency crimes.
Appeals court reverses judge's ruling, orders appointment of independent examiner in FTX bankruptcy
A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX.
Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering
The U.S. government has dealt a massive blow to Binance, the worldโs largest cryptocurrency exchange.
Bankman-Fried's trial exposed crypto fraud but Congress has not been eager to regulate the industry
The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is the latest black mark for the crypto industry.
Prosecutor cites 'pyramid of deceit' by Sam Bankman-Fried; Defense lawyer says he's no monster
In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the โpyramid of deceitโ that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder
A prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year.
FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud
FTX founder Sam Bankman-Fried finished his first day of testimony at his fraud trial after saying the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
FTX founder Sam Bankman-Fried testifies outside jury's presence as judge decides what he can say
Sam Bankman-Fried got a test run at testifying at his New York criminal trial when a judge sent jurors home but let him demonstrate portions of his testimony before deciding what jurors will hear.
Sam Bankman-Fried's lawyer fails to hurt credibility of the government's star witness at fraud trial
Sam Bankman-Friedโs lawyer did little to dent the credibility of the governmentโs key witness in the former crypto mogulโs fraud trial Thursday, meandering through a cross-examination of Caroline Ellison that at times left even the judge puzzled and impatient.
Caroline Ellison, saying Sam Bankman-Fried corrupted her values, found relief when truth came out
Sam Bankman-Fried's former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets.
Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury
Sam Bankman-Fried authorized the illegal use of FTX customersโ funds and assets to plug financial gaps at an affiliated hedge fund from the exchangeโs earliest days, FTXโs co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history.
FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to public
FTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year.
Jury sees FTX ads with Tom Brady, Larry David, as fraud case is rolled out against Sam Bankman-Fried
Splashy advertising featuring football star Tom Brady and comedian Larry David was shown to jurors as prosecutors launched a historic fraud case against cryptocurrency maven Sam Bankman-Fried.
Jury selection begins in trial of fallen cryptocurrency mogul Sam Bankman-Fried
Sam Bankman-Fried's trial on charges that he defrauded thousands of customers and investors in his FTX digital coin exchange began with a full day of jury selection.
FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds
Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars.
Former FTX crypto executive pleads guilty to making millions in illegal campaign contributions
A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.
Jailed Sam Bankman-Fried can't prepare for trial without vegan diet and adequate meds, lawyers say
Defense lawyers say FTX founder Sam Bankman-Fried can't adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter.
Testimony from Sam Bankman-Fried's trusted inner circle will be used to convict him, prosecutors say
Prosecutors say they'll use testimony from FTX founder Sam Bankman-Fried's โtrusted inner circleโ of former executives at his collapsed cryptocurrency empire against him at an October trial.
FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong
Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on โinnuendo, speculation, and scant facts.โ.
Sam Bankman-Fried should be jailed until trial, prosecutor says, citing bail violations
A prosecutor has asked a judge to immediately jail FTX founder Sam Bankman-Fried, saying he violated his bail conditions by releasing information meant to harass a key witness against him.
Sam Bankman-Fried could face 2 criminal trials, with prosecution on some charges delayed until 2024
FTX founder Sam Bankman-Fried may face two criminal trials after a federal judge granted a request by prosecutors to delay a trial on some of the charges until next year.
Judge in FTX bankruptcy rejects media challenge, says customer names can remain secret
A Delaware bankruptcy judge says the names of individual customers of collapsed cryptocurrency exchange FTX Trading can be permanently shielded from public disclosure.
SEC lawsuits against cryptocurrency companies raise questions about industry's future
Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the worldโs biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless
New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund.
FTX founder Sam Bankman-Fried seeks dismissal of indictment
FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes.
Lawyer: FTX founder likely challenging new crypto charges
A lawyer for onetime cryptocurrency darling Sam Bankman-Fried is signaling that he's challenging the validity of new charges contained in rewritten indictments released in recent weeks after his client was brought to the United States from the Bahamas in December.
FTX founder Bankman-Fried charged with paying $40M bribe
A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business.
Bankman-Fried might use flip phone under stricter bail plan
Prosecutors and attorneys for FTX founder Sam Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another device thatโs not a smartphone while on bail.
Judge suggests jail to limit FTX founder's communications
A federal judge is showing growing impatience with FTX founder Sam Bankman-Fried's use of the internet while on bail, suggesting that incarceration might eventually be the most effective way to prevent him from communicating on electronic devices in ways that canโt be traced.
FTX founder's bail signatories include 2 family friends
Two Stanford University academics signed on to FTX founder Sam Bankman-Fried's $250 million bail package, enabling him to live with his parents while awaiting trial on fraud charges.
FTX bankruptcy judge denies request for independent examiner
The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the U.S. bankruptcy trustee to appoint an independent examiner in the case.
Sam Bankman-Fried summoned to NYC by judge over bail rules
FTX founder Sam Bankman-Fried has been ordered to return to a New York courtroom Thursday after the judge assigned to his fraud case said he's communicating with others in ways the government can't monitor.
Year after 'Crypto Bowl,' crypto ads vanish from big game
Cryptocurrency companies grabbed the spotlight during the 2022 Super Bowl, with commercials from a handful of newcomers to advertisingโs biggest stage: FTX, Coinbase, Crypto.
FTX founder keeps talking, ignoring typical legal strategy
Sam Bankman-Fried, the founder and former CEO of FTX, has been unusually talkative following the November collapse of the cryptocurrency exchange and his subsequent indictment on fraud and other charges.
FTX founder heads to court after judge rejects bail request
FTX founder Sam Bankman-Fried will be in a New York courtroom Thursday for a bail-related hearing despite his lawyers claims that they've settled their differences with prosecutors.
FTX's Sam Bankman-Fried, DOJ tussle over his communications
Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers.
Crypto firms acted like banks, then collapsed like dominoes
Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.
FTX founder Sam Bankman-Fried pleads not guilty to fraud
FTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
Judge kept FTX execs' plea deals secret to get founder to US
A judge kept secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so the cryptocurrency entrepreneur wouldn't get spooked and fight extradition from the Bahamas to the United States.
Associates of FTX founder plead guilty to criminal charges
A federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges in cooperation deals related to the collapse of the cryptocurrency exchange FTX.
Hearing on FTX founder's extradition to US set for Wednesday
Sam Bankman-Fried will have a hearing Wednesday in a Bahamian court on his possible extradition U.S. in the coming days to face criminal charges related to the collapse of cryptocurrency exchange FTX.
FTX founder agrees to extradition to US, attorney says
Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas.
Lawmakers quick to unload FTX founder's contributions
Lawmakers who eagerly accepted piles of cash from Samuel Bankman-Fried now canโt move fast enough to offload contributions from the disgraced crypto mogul to anywhere but their own campaign coffers.
New FTX CEO says lax oversight, bad decisions caused failure
The new CEO of FTX says the founder of the failed cryptocurrency exchange helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange.
FTX bankruptcy also endangers founder's philanthropic gifts
The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the โeffective altruismโ movement.
AP source: US authorities investigate crypto exchange FTX
The swift collapse of crypto exchange FTX sent more shockwaves through the cryptocurrency world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Cryptocurrency prices plunged for a second-straight day Wednesday after crypto exchange Binance announced it was pulling out of a deal to purchase failing rival FTX Trading.
New crypto oversight legislation arrives as industry shakes
After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress.