Damian Williams

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 (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty ImagesThe Manhattan U.S. Attorney's Office said Tuesday it had created an FTX Task Force to trace and recover assets of victims of the cryptocurrency exchange firm's collapse and to handle investigations and prosecutions related to the company and other entities.The announcement came as FTX founder and former CEO Sam Bankman-Fried…

The cryptocurrency entrepreneur Sam Bankman-Fried was expected to make his initial US court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform. Bankman-Fried, arrested in the Bahamas last week, was flown to New York late Wednesday after deciding not to challenge his extradition. While he was in the air, the US attorney in Manhattan announced that two of Bankman-Fried's closest business associates had also been charged and had secretly pleaded guilty.…

CEO of Alameda Research, Caroline Ellison, (left) and FTX co-founder Gary Wang (right), both of whom have pleaded guilty to federal fraud charges.Screenshot: Twitter / Publish0xTwo executives connected to FTX, the bankrupt cryptocurrency exchange once valued at $32 billion, have pleaded guilty to criminal charges, according to U.S. Attorney Damian Williams, who made the announcement in a video statement released online late Wednesday. And that’s really bad news for FTX co-founder Sam Bankman-Fried, because the executives…

Bankman-Fried was escorted out of Bahamas Magistrate court Monday during a helter-skelter court proceeding over whether he would contest extradition. SBF’s return to the U.S. could come as soon as Wednesday, according to multiple reports.Photo: Rebecca Blackwell (AP)Santa-Fried should soon be bringing crypto winter cheer to the U.S. His sleigh will be a federal jet flying from the Bahamas to New York. The only workshop door he’ll be ducking his large mop of hair through is a New York court where there’s a question of…

Arriving passengers line up to get taxi outside of Terminal 4 at the JFK airport in New York.Jewel Samad | AFP | Getty ImagesTwo New York men were arrested for conspiring with Russian nationals to hack the taxi dispatch system at John F. Kennedy International Airport so they could manipulate the line and charge drivers for access to the front of the queue, federal prosecutors said Tuesday. Daniel Abayev and Peter Leyman, both 48, were taken into custody on Tuesday morning in Queens and charged with two counts of…

Sam Bankman-Fried’s eventual return to New York might not be the homecoming he wants, as he’ll likely be quickly detained and arraigned before a tense bail hearing.Photo: Michael M. Santiago (Getty Images)After a strange, strange day of hemming and hawing, FTX founder Sam Bankman-Fried finally agreed to not contest extradition to the U.S., finally giving in to demands he face federal fraud charges.It follows a haphazard few days where the failed crypto moghul first planned to contest extradition from The Bahamas before…

The SEC alleges FTX’s founder Sam Bankman-Fried had conducted multiple years of fraud by lying to investors about customer funds being funneled between his crypto exchange and Alameda Research. Photo: Poetra.RH (Shutterstock)As more evidence comes to light about the collapse of Sam Bankman-Fried’s darling two-headed child—one face being the crypto exchange FTX and the other the hedge fund Alameda Research—recent allegations about SBF’s multi-billion crypto empire makes it clear his baby had been force-fed a diet of user…

Photo: Craig Barritt (Getty Images)Sam Bankman-Fried, the founder and former CEO of collapsed cryptocurrency exchange FTX, has been arrested in the Bahamas at the request of U.S. authorities.Officials in both the U.S. and the Bahamas confirmed Monday that Bankman-Fried (commonly known by his initials, SBF) had been taken into custody. So far, it’s unclear exactly what charges have been leveled against the disgraced tech executive. A sealed indictment related to the case will be unsealed tomorrow in the Southern District…

The collapsed cryptocurrency exchange FTX remains the subject of "an active and ongoing investigation" by Bahamian authorities, Bahamian Attorney General Ryan Pinder said, as he praised the Bahamas' regulatory regime and swiftness with which it responded to the crisis. FTX, which had been among the world's largest cryptocurrency exchanges, is headquartered in the Bahamas. The firm, whose liquidity crunch forced the company to declare bankruptcy on November 11, is the subject of investigations by Bahamian and US…