Category: Virtual Currency

In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried

Residents there have a generous view of the disgraced FTX founder, who has been accused of misusing billions of dollars in customer funds.
How Did Sam Bankman-Fried Make His $250 Million Bail?

Though Mr. Bankman-Fried was not required to pay $250 million, the large amount of the bond in this high-profile case has raised questions about the federal bail process.
Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws

The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.
FTX Co-Founder Sam Bankman-Fried to Be Released on $250 Million Bond

The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California.
Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud

Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, are cooperating in the federal criminal case against Mr. Bankman-Fried.
Sam Bankman-Fried Is Set for Extradition to U.S.

The FTX founder agreed to be transferred from the Bahamas to face federal charges of fraud.
Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal

Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges.
Sam Bankman-Fried Agrees to Be Extradited to the US

The disgraced FTX founder, who has been in a Bahamas prison for the past week, agreed to be sent to the United States, following a confusing day in court.
Restaurateur, Political Donor, Tipster: The Many Roles of FTX’s Ryan Salame

The co-chief executive of an FTX unit who told regulators about wrongdoing at the exchange was a big Republican donor. He also bought restaurants.
A Traditional Exchange? FTX Was Anything But.

FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
A Traditional Exchange? FTX Was Anything But.

FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning

A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.