BankmanFried

FTX co-creator Sam Bankman-Fried (aka SBF) is now dealing with four new charges over the collapse of his crypto exchange. A newly unsealed indictment in a New York federal court accuses SBF of fraudulent activity through both FTX and the linked Alameda Research hedge fund. The co-founder also allegedly violated federal campaign finance laws by making secret donations to a congressional super PAC using the names of two executives. The expanded charges now include 12 counts. A source speaking to CNBC claims the additional…

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Stanford research scientist Andreas Paepcke paid $200,000 and former Stanford Law School dean Larry Kramer put up $500,000 to help former crypto exchange FTX founder and CEO Sam Bankman-Fried get bail.Bankman-Fried is currently living with his parents in California, thanks to a $250 million bail secured by his parent's home as well as two people who had been kept anonymous, reports The Verge.Now, the judge at District Court for the Southern District of New York has granted the motion to unseal the documents of his…

Sam Bankman-Fried, far left, was last in court Feb. 9. Prosecutors were concerned the failed FTX founder has been trying to communicate with encrypted messaging apps like Signal.Photo: Michael M. Santiago (Getty Images)Federal prosecutors are squinting pretty hard, trying to keep an eye on what the failed FTX founder Sam Bankman-Fried has been doing while he’s been ordered by the court to live under his parents’ roof. The young crypto founder has reportedly been accessing the internet using a VPN, and the U.S. Attorneys…

Lawyers for Sam Bankman-Fried on Saturday urged a U.S. judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors "sandbagged" the process to put their client in the "worst possible light."The lawyers were responding to a Friday night request by federal prosecutors that Bankman-Fried not be allowed to talk with most employees of FTX or his Alameda Research hedge fund without lawyers present, or use the encrypted messaging apps Signal or…

US prosecutors have asked a federal court to tighten Sam Bankman-Fried’s bail conditions to prevent the disgraced entrepreneur from contacting his former colleagues. According to court documents , lawyers from the Department of Justice allege Bankman-Fried tried messaging the general counsel of FTX's US arm over Signal and email earlier this month. The communication was “suggestive of an effort to influence Witness-1's potential testimony,” the filing states.  “I would really love to reconnect and see if there’s a way for…

The Justice Department on Friday asked a federal judge to bar FTX founder Sam Bankman-Fried from communicating with current and former employees of the collapsed crypto exchange without a lawyer present after prosecutors alleged he recently contacted a potential witness in his criminal case. Mr. Bankman-Fried, who faces federal charges related to the implosion of FTX, reached out to the general counsel of the company’s U.S. operation through an encrypted…

FTX CEO John Ray III and Sam Bankman-Fried traded fresh barbs Thursday, 19 January 2023 Sam Bankman-Fried, is a finance and cryptocurrency entrepreneur and the co-founder and former chief executive officer (CEO) of the now-bankrupt crypto exchange FTX. According to Investopedia, he rose to prominence as head of one of the world’s largest cryptocurrency exchanges, with a personal net worth once exceeding $26 billion, before an abrupt end to his digital currency empire in early November 2022. Prior to FTX’s collapse,…

CoinDesk: Analysis: 196 members of the new Congress accepted donations from Sam Bankman-Fried or other FTX senior executives, including Kevin McCarthy and Chuck Schumer — The session began with 196 U.S. lawmakers who took direct contributions from Sam Bankman-Fried and other former FTX executives … CoinDesk: Analysis: 196 members of the new Congress accepted donations from Sam Bankman-Fried or other FTX senior executives, including Kevin McCarthy and Chuck Schumer — The…

Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over $5 billion in crypto, cash and liquid securities, but that significant shortfalls remained at both its international and U.S. crypto exchanges. FTX attributed some of the shortfall to hacks, saying that $323 million in crypto had been hacked from FTX's international exchange and $90 million had been hacked from its U.S. exchange since it filed for…