Alameda Research

Some people, like disgraced crypto mogul Sam Bankman-Fried, really just don’t know when to stop talking. Despite facing eight counts of U.S. criminal charges and living under house arrest, SBF, as he’s often called, decided it was a good time to launch a Substack newsletter.In his first post Thursday, titled FTX Pre-Mortem Overview, the founder re-hashed his version of events that led up to his cryptocurrency exchange’s meltdown. Though rigorous reporting and federal investigations allege SBF may have defrauded more than…

The US government plans to launch a website for victims of FTX cryptocurrency exchange founder Sam Bankman-Fried's alleged fraud to communicate with law enforcement. In court papers filed on Friday, federal prosecutors in Manhattan asked U.S. District Judge Lewis Kaplan for permission to use the website to notify victims, rather than contacting each individually. FTX could owe money to more than 1 million people, making it "impracticable" to contact each, the papers said. Federal law requires prosecutors to contact…

FTX founder Sam Bankman-Fried pleaded not guilty to fraud and other criminal charges Tuesday, as a judge set his trial to begin Oct. 2.Mr. Bankman-Fried, 30 years old, entered his not-guilty plea to all eight criminal counts he faces before U.S. District Judge Lewis Kaplan in federal court in Manhattan. It was his second appearance in a U.S. court after the collapse of his cryptocurrency exchange. Prosecutors have accused him of stealing billions of dollars of…

Former FTX chief executive Sam Bankman-Fried, wearing tie, arrived in federal court in Manhattan Tuesday. Photo: ed jones/Agence France-Presse/Getty Images…

Sam Bankman-Fried built the cryptocurrency exchange FTX on the reputation of his trading firm, Alameda Research LLC.Alameda was applying Wall Street-style wizardry to the crypto world—and outsiders thought it was winning big. But little was known beyond the firm about its trades, which included a lucrative early bet involving bitcoin in Japan. Alameda had no outside investors and didn’t disclose its performance. Before he was charged In December by federal prosecutors with…

Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter. Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions. He is scheduled to appear at 2 p.m. EST (1900 GMT) on Tuesday before US District Judge Lewis Kaplan…

The Securities Commission of the Bahamas said that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them. FTX's Bahamas unit's digital assets were transferred to digital wallets under the exclusive control of the commission in November soon after the company and its hedge fund Alameda Research and dozens of affiliates filed for US bankruptcy. Upon completion of the transfer, FTX founders Sam Bankman-Fried…

FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried, seeking a declaration that the company's holdings of digital assets belong to customers. The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company. FTX pledged to segregate customer accounts and instead allowed them to…

FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of digital assets belong to customers. The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company. FTX pledged to segregate customer accounts and instead…

Sam Bankman-Fried left a bail hearing Dec. 22 as part federal fraud charges for his role as head of failed crypto Exchange FTX. The SEC and CFTC have both dropped further complaints against the crypto founder, though there are strong connections between both agencies and former FTX execs.Photo: David Dee Delgado (Getty Images)While two of the biggest U.S. financial regulators along with the Department of Justice have collectively decided to hammer the founder of the failed crypto exchange FTX with claims of massive fraud,…