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News Articles: ftx

The FTX logo appears on home plate umpire Jansen Visconti's jacket at a baseball game with the Minnesota Twins on Sept. 27, 2022, in Minneapolis.

Tagged as: 

  • Business

FTX says it will return money to most of its customers

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

May 09, 2024
|
By:
  • The Associated Press
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried was sentenced on Thursday to 25 years in prison after being found guilty of fraud last year.

Tagged as: 

  • Business

Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes

The sentence marks a stunning fall for the 32-year-old former crypto executive who was once seen as the future of finance.

March 28, 2024
|
By:
  • Rafael Nam
A bitcoin ATM is seen in Brooklyn, N.Y., on June 13, 2022. Virtual currencies like bitcoin are recovering from a tough period partly on rising hopes that bad actors have been weeded out and that confidence can return to the sector.

Tagged as: 

  • Business

After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging

Bitcoin and other digital currencies are rallying, emerging from a stormy period with the conviction that crypto is here to stay.

December 27, 2023
|
By:
  • David Gura
Changpeng Zhao, widely known as CZ, will step down from Binance, the crypto company he founded in 2017, as part of a deal with the Department of Justice and U.S. regulators.

Tagged as: 

  • Business

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

November 21, 2023
|
By:
  • David Gura
After a monthlong trial, New York City jury found former FTX CEO Sam Bankman-Fried guilty of seven criminal counts, including securities fraud.

Tagged as: 

  • Business

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

November 11, 2023
|
By:
  • David Gura
Sam Bankman-Fried leaves a Manhattan federal court in New York City on Jan. 3, 2023.

Tagged as: 

  • Business

Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse

The conviction marks a spectacular fall from grace for a once shining star in finance. He faces decades in prison.

November 03, 2023
|
By:
  • David Gura
FTX founder Sam Bankman-Fried arrives at the U.S. federal courthouse in New York City to submit his not guilty plea on March 30, 2023. Bankman-Fried faced this week tough questioning from prosecutors who sought to paint him as the mastermind behind a massive fraud at FTX.

Tagged as: 

  • Business

Sam Bankman-Fried took a big risk by testifying in his own trial. It did not go well

The former FTX CEO was keen to convince jurors he did not intend to commit any crimes — but he stumbled frequently under withering questioning by the prosecution.

October 31, 2023
|
By:
  • David Gura
Sam Bankman-Fried is accused of defrauding the company's customers, investors and lenders. He's set to take the stand on his own defense starting as early as Thursday.

Tagged as: 

  • Business

Sam Bankman-Fried will testify in his defense in what may be the gamble of his life

The former FTX CEO, who is accused of orchestrating one of the largest financial frauds in history, plans to testify in his own criminal trial in a major gamble to avoid prison time.

October 25, 2023
|
By:
  • David Gura
Three of Sam Bankman-Fried's closest former associates have turned against him, and their testimony could help send the former FTX CEO to prison for life. Pictured from left to right are: Nishad Singh, Sam Bankman-Fried, Caroline Ellison, and Gary Wang.

Tagged as: 

  • Business

They were Sam Bankman-Fried's friends. Now they could send him to prison for life

Bankman-Fried built a multibillion crypto business spearheaded by FTX with the help of a group of young colleagues. Now three of his closest associates have turned against him.

October 22, 2023
|
By:
  • David Gura
Walter Isaacson, left, and Michael Lewis are authors and friends from New Orleans. Their new books are about billionaire Elon Musk and fallen crypto executive Sam Bankman-Fried respectively.

Tagged as: 

  • Author Interviews

As Walter Isaacson and Michael Lewis wrote, their books' heroes became villains

What happens when the hero you plan to write about becomes a villain in much of the public's eye? We asked bestselling authors Michael Lewis and Walter Isaacson about Sam Bankman-Fried and Elon Musk.

October 18, 2023
|
By:
  • David Folkenflik
FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on Dec. 22, 2022. Bankman-Fried's trial just concluded its second week, with explosive testimony from former girlfriend Caroline Ellison.

Tagged as: 

  • Business

Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far

The trial of the former FTX CEO concluded its second week, featuring explosive testimony from Caroline Ellison, a former girlfriend of Bankman-Fried.

October 15, 2023
|
By:
  • David Gura
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried is set to start his blockbuster trial on Tuesday. It's expected to last about six weeks.

Tagged as: 

  • Business

FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know

Sam Bankman-Fried faces seven criminal charges, including for defrauding investors. His blockbuster trial is set to begin on Tuesday, and he could face an over 100-year prison term if convicted.

October 03, 2023
|
By:
  • David Gura
Sam Bankman-Fried's parents face legal trouble of their own as FTX looks to claw back millions of dollars in compensation and benefits from the couple.

Tagged as: 

  • Business

It's not just FTX's Sam Bankman-Fried. His parents also face legal trouble

FTX's lawyers allege Sam Bankman-Fried's mom and dad helped shape their son's crypto empire and received millions of dollars worth of gifts and benefits from the now-bankrupt company.

October 02, 2023
|
By:
  • David Gura
Binance founder and CEO Changpeng Zhao poses during an interview at the technology startups and innovation fair in Paris on May 16, 2022. CZ and Binance are being sued by the SEC, in a legal battle that could help determine whether cryptocurrencies should adhere to market regulations.

Tagged as: 

  • Business

The future of crypto hinges on a fight between the SEC and a former burger flipper

A looming courtroom battle between the largest cryptocurrency exchange and the world's most powerful regulator promises to shape the future of crypto.

August 15, 2023
|
By:
  • David Gura
Former FTX chief Sam Bankman-Fried leaves the Federal Courthouse following a bail hearing in New York City on July 26, 2023.

Tagged as: 

  • Business

Former FTX CEO Sam Bankman-Fried ordered to jail after judge revokes his bail

A federal judge has decided the disgraced former CEO of the cryptocurency exchange should be sent to jail as he awaits trial on fraud charges.

August 11, 2023
|
By:
  • David Gura
  • Load More

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