On Monday, March 27, the attorneys representing Sam Bankman-Fried (SBF), the disgraced founder of FTX, said that they had reached (1) a compromise with the US authorities over the new court orders. This new turn of events occurs as the court has brought up the possibility of SBF being detained in jail pending the trial’s … Read more
On Wednesday, attorneys for Sam Bankman-Fried (SBF) stated that his criminal trial scheduled to begin on October 2 might be postponed. The attorneys for SBF stated that further time might be necessary to conduct an in-depth investigation of the facts and prepare for the future trial with a defense strategy. The lawyers for Bankman-Fried wrote … Read more
According to research published (1) by Chainalysis, the failure of FTX led to realized losses for cryptocurrency investors totaling around $9 billion. Chainalysis observed that this loss was insignificant compared to the loss caused by Terra’s UST depeg, which was $20.5 billion. Realized losses were $33 billion due to the collapse of cryptocurrency companies … Read more
According to a report in the Nassau Guardian (1), which cited Bahamas Acting Commissioner of Corrections Doan Cleare as a source, FTX founder Sam Bankman-Fried spent his first night in prison “in good spirits.” According to the acting commissioner, SBF was spending time in the correctional facility’s hospital ward and taking his meds as prescribed. … Read more
An indictment that was submitted by the Southern District of New York (SDNY) said that the founder of FTX who was detained, Sam Bankman-Fried, made political donations using the names of other individuals. Sam Bankman-Fried, also known as SBF, was taken into custody on December 12 Â by the authorities in the Bahamas. He … Read more