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Prosecutors Urge Judge to Reject Sam Bankman-Fried’s Bid for New Trial in FTX Fraud Case

U.S. prosecutors are urging a federal judge to reject Sam Bankman-Fried’s attempt to secure a new trial, arguing his latest claims recycle arguments already rejected by a jury that convicted…

Continue ReadingProsecutors Urge Judge to Reject Sam Bankman-Fried’s Bid for New Trial in FTX Fraud Case

Backpack Exchange Founded By Ex‑FTX Staff Reaches $1 Billion Valuation, Announces Token Plan

Backpack, founded by former FTX employees, secures a reported $1 billion valuation and unveils a staged 1‑billion‑token launch tied to a U.S. Initial Public Offering (IPO). Backpack, a crypto exchange…

Continue ReadingBackpack Exchange Founded By Ex‑FTX Staff Reaches $1 Billion Valuation, Announces Token Plan

FTX Star Witness Caroline Ellison Transferred to Community Confinement After 11 Months in Prison

Former Alameda Research CEO Caroline Ellison has been moved from Danbury FCI to community confinement after serving 11 months of her two‑year sentence, a shift the Bureau of Prisons confirmed…

Continue ReadingFTX Star Witness Caroline Ellison Transferred to Community Confinement After 11 Months in Prison

SBF Says FTX ‘Was Never Insolvent’ in Interview; Crypto Community Calls It Spin

In a new prison interview with the conservative X account @amuse, Sam Bankman-Fried argues FTX “was never insolvent,” contending assets exceeded liabilities at filing and that bankruptcy professionals destroyed value…

Continue ReadingSBF Says FTX ‘Was Never Insolvent’ in Interview; Crypto Community Calls It Spin