ZURICH/LONDON—FTX has objected to a U.S. Department of Justice request for an independent investigation into the once-prominent crypto exchange’s collapse, saying it is already conducting a wide-ranging probe that includes family members of FTX founder Sam Bankman-Fried. FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ’s proposed review would…
FTX Opposes New Bankruptcy Investigation as It Probes Bankman-Fried Connections
Sam Bankman-Fried Highly Likely to Escape Conviction on Most Serious Charges, Former Banker Says
News Analysis Disgraced FTX founder Sam Bankman-Fried, who recently pled not guilty to a slew of charges related to FTX’s implosion, is unlikely to be convicted of the most serious charges when the case goes to trial in October or to serve a lengthy prison term, a former investment banker has told The Epoch Times….
Feds Seized Nearly $700 Million From FTX Founder Bankman-Fried
Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty…
Cryptocurrency Lender Genesis Files for Bankruptcy Months After FTX Collapse
Cryptocurrency lender Genesis Global filed for bankruptcy on Jan. 19, making it the latest company to do so following the collapse of FTX in November. The lender announced it had filed for Chapter 11 bankruptcy protection in a press release, stating that the move was part of “strategic actions to achieve a global resolution to maximize value…
FTX Token Rallies After New Chief Says Bankruptcy Exchange Could Restart
FTT, the native digital token for bankrupt cryptocurrency exchange FTX, rallied as much as 35 percent on Thursday after a report revealed that new CEO John J. Ray III is considering restarting the platform. According to The Wall Street Journal, Ray has established a team to look at resuscitating FTX.com, the website that maintains non-U.S….
FTX Says $413 Million Worth of Cryptocurrency Was Stolen From Failed Exchange
Debtors for the bankrupt cryptocurrency exchange FTX have said that around $413 million worth of cryptocurrency was stolen from the company through “unauthorized transfers.” In a report to creditors on Jan. 17, the company said that FTX debtors have identified approximately $1.6 billion of digital assets associated with FTX.com, of which $323 million of which was “subject to unauthorized third-party…
SEC Crackdown on Crypto Continues With Charges Filed Against Gemini and Genesis
The Securities and Exchange Commission (SEC) is going after some of the largest crypto companies, by filing charges against Gemini and Genesis. The federal government’s legal crackdown on crypto is expanding, as the SEC charged some of the biggest names in the industry of operating illegal lending services on Jan. 12. The SEC and the…
Major Media Want to Know Who Guaranteed Sam Bankman-Fried’s $250 Million Bond
NEW YORK—Eight major media outlets on Thursday asked the U.S. judge overseeing Sam Bankman-Fried’s criminal case to make public the names of two people who helped guarantee the FTX cryptocurrency exchange founder’s $250 million bond. Saying the public interest “cannot be overstated,” lawyers for the outlets, including Reuters, said the public’s right to know Bankman-Fried’s…
Jennifer Sey on the Courage to Stand Against ‘Wokeism’
“I was a traitor to what has become almost a religion. … I was a traitor to my class, which maniacally upheld these ideals that COVID restrictions were for the good of the masses, when in fact, they were doing such great harm,” Jennifer Sey says. In this recent episode of “American Thought Leaders,” host…
Sam Bankman-Fried Issues First Response to FTX Case: ‘I Didn’t Steal Funds’
January 13, 2023
admin
Business & MarketsCompaniesCrime and Incidentscriminal chargescryptocurrencyeconomyFTXInvestmentJudiciaryMarketsMedia & Big TechSam Bankman-FriedUSUS News
0 Comment
The founder and former CEO of FTX, Sam Bankman-Fried, promised that customers could get their money back in his first statement since his arrest in the Bahamas. “I didn’t steal funds, and I certainly didn’t stash billions away,” Bankman-Fried said in a Jan. 12th statement on his Substack blog, titled “FTX Pre-Mortem Overview.” “No funds were…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`