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Former FTX Executives Asked To Return $13 Million In Political Donations
Tuesday, November 5, 2024 - 11:59am | 495The U.S. government is negotiating the recovery of approximately $13.25 million in political contributions made by former FTX executives, according to a recent federal court filing. What Happened: The government has asked for an extension until Jan. 15 to continue discussions with several...
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FTX Strikes Settlement Over Embed Acquisition Amid Bankruptcy With Founder Sam Bankman-Fried And Others
Friday, December 22, 2023 - 10:35pm | 475In recent developments, bankrupt cryptocurrency exchange FTX has agreed to a settlement involving some claims related to their acquisition of the stock trading platform Embed. What Happened: The settlement includes FTX founder Sam Bankman-Fried, as well as former FTX executives...
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Former FTX Exec Nishad Singh Details Confrontation With Sam Bankman-Fried Over Millions In Spending
Monday, October 16, 2023 - 3:06pm | 663Nishad Singh on Monday testified about the extravagant expenditures he observed while working alongside FTX founder Sam Bankman-Fried, voicing his concerns over what he perceived as a wasteful $20 million spending, which Bankman-Fried countered by accusing Singh of sowing doubts. This ongoing...
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Financial Crime Weekly: Sam Bankman-Fried's Trial To Detail Rise And Fall Of Crypto Mogul
Friday, October 6, 2023 - 3:59pm | 517Few names have been as synonymous with both rapid success and a dramatic decline as Sam Bankman-Fried. His arrest almost 10 months ago marked one of the most shocking moments in the crypto industry’s history. The trial for Bankman-Fried, the founder of FTX, began this week at the U.S....
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Sam Bankman-Fried's High-Profile Crypto Trial Begins: Meet The 12 People Deciding His Fate
Thursday, October 5, 2023 - 3:24pm | 526The trial of Sam Bankman-Fried, founder of defunct cryptocurrency exchange FTX is underway, and a jury of 12 will be deciding his fate. Wednesday’s court proceedings primarily revolved around opening statements, and the first two witnesses’ testimonies, according to TechCrunch. Bankman-...
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FTX Scandal: Sam Bankman-Fried's Dad Accused Of Bankrolling Defense With Illegal Funds
Friday, July 21, 2023 - 10:46am | 555A lawsuit lodged in bankruptcy court by the interim leadership of FTX (CRYPTO: FTT) against Sam Bankman-Fried and other top FTX executives claimed Bankman-Fried's father is illegally funding his son's defense through a company loan, following the collapse of the young crypto tycoon...
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Crypto Billionaire's Brother Planning To Buy An Entire Nation For Apocalypse Bunker
Friday, July 21, 2023 - 10:05am | 693Gabe Bankman-Fried, brother of Sam Bankman-Fried, had plans to purchase the island nation of Nauru using the FTX (CRYPTO: FTT) Foundation. His vision was to establish a haven where "effective altruists" could survive an apocalypse in comfort and luxury. This intriguing plan is one of...
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$2.2 Billion Gone? FTX Founder Bankman-Fried And Colleagues Receive Massive Sum
Thursday, March 16, 2023 - 12:57pm | 269Bankrupt cryptocurrency exchange FTX has transferred a whopping $2.2 billion to its founder, Sam Bankman-Fried, and other key employees through various entities. The company's new management revealed that a total of $3.2 billion was paid to Bankman-Fried and his colleagues, according to a...
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Former FTX Engineering Director Agrees To Plead Guilty To US Criminal Charges
Tuesday, February 28, 2023 - 1:20pm | 288Former FTX engineering director Nishad Singh has agreed to plead guilty to criminal charges brought by U.S. prosecutors as part of an investigation into the inner circle of FTX founder Sam Bankman-Fried. Bankman-Fried was charged with fraud and conspiracy in December, with...
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Former FTX Engineer Nishad Singh In Talks To Plead Guilty To US Criminal Charges
Friday, February 17, 2023 - 5:38pm | 445Nishad Singh, a former member of the inner circle of crypto exchange FTX (CRYPTO: FTT) co-founder Sam Bankman-Fried, is reportedly in talks to plead guilty to criminal charges related to alleged multiyear fraud at FTX. Quoting sources familiar with the matter, Bloomberg reported Singh had...
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SBF, 'Girlfriend' Plowed Funds Into ChatGPT-Like Firm: Now Google Wants A Piece
Monday, February 6, 2023 - 6:54pm | 829News came out that Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) unit Google is investing $300 million in a company that could be considered a rival to ChatGPT. The investment could see Google positioning itself in the artificial intelligence race, but it might also come with some baggage. What...
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Former FTX US President On Bankman-Fried's Mental Health, Addiction: 'He Wasn't Who I Remembered'
Saturday, January 14, 2023 - 10:27pm | 565Former FTX US President Brett Harrison has revealed that his relationship with the exchange’s embattled founder Sam Bankman-Fried had reached a point of total deterioration. Harrison says that it was not worth continuing working for the company no matter the prestige or upside...
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FTX Insider Seeks Deal: Will This Further Isolate Sam Bankman-Fried In Fraud Case?
Tuesday, January 10, 2023 - 12:51pm | 443The former head of engineering at cryptocurrency exchange FTX has met with federal prosecutors in an attempt to join two other members of former CEO Sam Bankman-Fried's inner circle in seeking a cooperation deal in the fraud case related to the collapse of the exchange. According to Bloomberg...