Sam Bankman-Fried Jailed Ahead of Trial
Bankman-Fried was accused of leaking former Alameda Research CEO Caroline Ellison's diary to the New York Times.
SBF attorney says plans to appeal
Sam Bankman-Fried, former CEO of FTX, is about to go to jail because a federal judge at the Southern District of New York courthouse decided to revoke his bail during a hearing. SBF's lawyer told Judge Lewis Kaplan that they plan to appeal.
It is reported that SBF will be transferred to a New York prison while awaiting his criminal trial scheduled for October 2.
Crypto Mogul Sam Bankman-Fried Remanded to Jail Following Bail Hearing on Witness Tampering Charges
Sam Bankman-Fried has been sent to jail after a bail hearing in New York. U.S. District Judge Lewis Kaplan did not believe a gag order would be enough to stop Bankman-Fried from talking to the media. <br>
Sources Informed: Former FTX Executive Ryan Salame Negotiating Plea Deal With Federal Prosecutors
Bloomberg quoted sources as saying that former FTX CEO Ryan Salame is negotiating with federal prosecutors to admit to criminal charges against him after the FTX crash. The details of a potential plea agreement have not yet been finalized.
Crypto mogul Sam Bankman-Fried to face seven criminal charges
Sam Bankman-Fried, the disgraced crypto mogul, will still face seven criminal charges, including an alleged illegal finance scheme charge, according to prosecutors. The Complex Frauds and Cybercrime Unit at the Southern District of New York U.S. Attorney’s Office dropped one of the charges in July but will move forward with the remaining seven charges from the original indictment. Bankman-Fried, also known as SBF, faces decades in prison if found guilty, and his trial is expected to start in October. The popular digital assets exchange FTX, once associated with Bankman-Fried, went bust last November, and prosecutors now allege it was criminally mismanaged.
New York Times Objects to Gag Orders on Former FTX CEO Charged with Felonies
The New York Times has objected to gag orders imposed on Sam Bankman-Fried, former CEO of FTX, who is facing charges related to the exchange's alleged mismanagement and collapse. The newspaper argued that any restrictions on speech must adhere to legal standards and protect the public's First Amendment right to be informed about FTX's collapse.
FTX’s Bankman-Fried Denies Witness Tampering Allegations, Calls DOJ’s Basis “Extremely Thin”
Attorneys for FTX founder Sam Bankman-Fried have responded to the US Department of Justice's motion to revoke his bond release, calling the factual basis for the allegations of witness tampering "extremely thin." The DOJ had accused Bankman-Fried of sharing former Alameda Research CEO Caroline Ellison's diary with the press in an attempt to influence her testimony in his upcoming criminal trial.
US Prosecutors Drop Campaign Finance Charges Against FTX Founder, Donations to Biden Party in Limelight
The US prosecutor has filed to drop campaign finance charges against Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX. This has brought attention to the donations made by Bankman-Fried to the Biden party.
DOJ Bins FTX Founder's Campaign Finance Charges
Sam Bankman-Fried, the founder of FTX, will not face charges for alleged campaign finance violations due to a legal issue with the extradition papers signed with the Bahamas government. The Department of Justice has dropped the charge citing "treaty obligations". Bankman-Fried was extradited from the Bahamas to the United States in December and has since had his bail agreement reviewed after leaking the diary of a former CEO. Federal prosecutors and Bankman-Fried's lawyers will continue to argue over his detention terms.
Federal Judge May Revoke Former FTX CEO’s $250M Bail Over Alleged Intimidation of Ex-Partner
Sam Bankman-Fried, former CEO of FTX, may have his $250 million bail revoked due to allegations of intimidation against his former partner and colleague Caroline Ellison. Assistant U.S. Attorney Danielle Sassoon has requested the revocation based on claims that Bankman-Fried used his freedom to make 100 calls to a reporter behind a New York Times story that revealed Ellison's private online journals.
Former FTX CEO Sam Bankman-Fried Agrees to Gag Order, Requests Same for All Potential Witnesses in Fraud Trial
Former FTX CEO Sam Bankman-Fried has agreed to a gag order preventing him from making comments that could interfere with his trial, but his lawyers argue that the same order should apply to all parties and witnesses involved in the case, including current FTX CEO John Ray. Bankman-Fried's lawyers claim that there has been a "toxic media environment" surrounding their client since the collapse of the exchange, and that Ray has attacked and vilified Bankman-Fried in public comments and filings in the FTX bankruptcy proceedings. The gag order was initially requested by the U.S. government, which accused Bankman-Fried of attempting to interfere with a fair trial by publicly discrediting a former business partner and witness.
Binance CEO Reflects on Past Crypto Winters and Key Industry Trends on Exchange's Sixth Anniversary
Binance CEO Changpeng Zhao has written a letter to the exchange's users, reflecting on the challenges faced during past crypto winters and highlighting key trends shaping the industry as the company celebrates its sixth anniversary. Zhao acknowledged the decline in the market following record user registration in January 2018, but noted that the bear market taught the importance of "prudent financial management."
Former FTX CEO Requests Exemption From Security Checks for “Close Friends” Visiting His Parent’s Home
Sam Bankman-Fried, the former CEO of FTX, has requested that his "close friends" be allowed to visit him at his parent's home without undergoing security checks.
FTX Japan Expands Team for FTX 2.0 Initiative as FTT Token Price Dips
FTX Japan is currently hiring new talent to support the FTX 2.0 initiative, which aims to develop cutting-edge technologies such as AI and non-custodial CEX trading.
Bitcoin's Price Hovers Above $30,000 Amidst Crypto Market Consolidation and Uncertainty Ahead of US CPI Data
Bitcoin's value is currently above $30,000 as the crypto market consolidates. The release of the US Consumer Price Index (CPI) will guide the Federal Reserve's next move, but analysts are divided on how Bitcoin will react to the expected 3% inflation rate. If Bitcoin surpasses the rectangle resistance, there is potential for a bullish breakout to $33,000.
FTX, Three Arrows Capital, and SEC Oppose BlockFi's Bankruptcy Plan Over Disputed Transactions Worth Over $1 Billion
FTX has filed a legal document claiming that proposals made by BlockFi, a defunct crypto lender, are an abuse of bankruptcy rules. The proposals, which will be discussed in a New Jersey court hearing on July 13, have also been opposed by Three Arrows Capital and the Securities and Exchange Commission. FTX claims that its claims against BlockFi have been unfairly downgraded by the proposed plan. The filings are part of an attempt to unravel complex financial transactions among crypto companies that are now undergoing separate bankruptcy cases.
FTX plans to delay the sale of its Japanese Subsidiary FTX Japan
According to Nikkei News, Cryptocurrency exchange FTX has told Japan's Financial Services Agency that it plans to postpone the sale of its Japanese subsidiary FTX Japan.
FTX Founder SBF Criticized Again by Former White House Communications Director
July 3 (Cointime) - Sam Bankman-Fried, the infamous former CEO of FTX, has been criticized again by former White House communications director Anthony Scaramucci. Scaramucci claimed that SBF "really hurt the industry in the United States from a regulatory perspective" and that he disgraced lawmakers after generously showering them with cash.
FTX and Alameda Research's Financial Success Raises Questions of Chinese Capital Flight and Bribery Allegations
June 29 (Cointime) - There has been speculation about the financial success of FTX and Alameda Research, with rumors suggesting that Chinese capital flight may have played a role in funding the American cryptocurrency companies. Although there were arbitrage opportunities during Alameda's startup period, it seems unlikely that co-founder Sam Bankman-Fried could sustain it while billionaires and giant funds couldn't.
Solana Price Rallies Due to Launch of New Bridge in Ecosystem
June 29 (Cointime) - Solana's price surged on Thursday following the launch of a new bridge in the ecosystem, which allows it to communicate with Ethereum and other Ethereum Virtual Machines without the need for wrapped or derivative tokens.
