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Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect “potential illegal activity” in crypto markets if sentenced to time served. Go to Source
Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is set to be sentenced on Nov. 20. Go to Source
Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per the judicial records, Ryan Salame, once the co-chief executive at FTX Digital Markets, is slated … Read more
After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle. The Uncertain Road Ahead for FTX’s Co-Conspirators Post-conviction by a jury and subsequent sentencing by Judge … Read more
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never intended to hurt anyone.” Former FTX … Read more
Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers’ involvement in Alameda loan approvals. Go to Source
FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange. Go to Source
The payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year prior to the crypto exchange collapse. Go to Source
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds. Go to Source
A court filing alleged apps such as Excel spreadsheets and Slack messages were used to manage the assets and liabilities of FTX and its entities. Go to Source Powered by WPeMatico
