Former FTX Chief Sam Bankman-Fried Sentenced to 25 Years in Prison
Sam Bankman-Fried a.k.a SBF, the founder and former CEO of defunct crypto exchange FTX, has received a sentence of 300 months or 25 years in total, with 240 months initially…
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FTX Gets Two Dozen Buyers to Sell Majority of its Stake in Anthropic for $884 Million
FTX is looking to sell a majority of its shares in artificial intelligence startup Anthropic to over 20 buyers, including an Abu Dhabi investment company and Jane Street Global. The…
FTX CEO Criticizes SBF’s Bold Claim of ‘Zero’ Harm to Customers as ‘Reckless’ and ‘False’
The current CEO of FTX, John Ray, has disputed the former CEO Sam Bank Fried’s assertion that there was “zero” harm to customers during the platform’s collapse in 2022, labeling…
SBF’s Lawyers Fire Back Against DOJ’s Harsh Sentencing Bid of 40-50 Years
In its letter to District Judge Lewis Kaplan on Tuesday, the legal team behind the disgraced FTX founder Sam Bankman-Fried has contested the sentencing recommendation put forth by the Department…
Sam Bankman-Fried’s Defense Challenges ‘Super-Villain’ Narrative in Sentencing Debate
In a detailed letter to Judge Lewis Kaplan, the legal representatives for Sam Bankman-Fried, the embattled founder of cryptocurrency exchange FTX, have vehemently argued against the government’s recommendation for a…
Prosecutors Demand 50 Years for Bankman-Fried, Citing FTX Founder’s Repeated Gambles ‘With Other People’s Money’
In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for…
Pantera Capital Eyes $250 Million Opportunity with FTX Estate for SOL: Report
Pantera Capital is reportedly in the process of securing funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is raising capital…
FTX, Alameda Settle with BlockFi, Set to Pay $874 Million
Bankrupt firms BlockFi and FTX have announced an agreement “in principle” to settle their disputes. According to a March 6 court filing, FTX has committed to paying up to $874.5…
Here’s the Deadline Date for FTX Creditor Claims
The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024. The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing its initial distribution either in…
A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency
In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for…
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