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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
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Crypto CEO And Bankman-Fried Ex Caroline Ellison Gets Two-Year Sentence
Caroline Ellison, who testified against her former boyfriend and FTX founder Sam Bankman-Fried at his crypto fraud trial, was sentenced Tuesday to two years in prison for her role in the case, New York prosecutors told AFP.
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US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors
Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday.
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Sam Bankman-Fried Urges Lenient Sentence, Citing FTX Fund Recovery
Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
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FTX Founder Sam Bankman-Fried Won't Face Second Trial: US Prosecutors
U.S. prosecutors said on Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.
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Sam Bankman-Fried Convicted of Financial Fraud: What Next For FTX Founder?
FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.
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FTX Founder Sam Bankman-Fried Convicted of Multi-Billion Dollar Fraud
FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.
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FTX Founder Sam-Bankman-Fried Found Guilty On All Counts At Fraud Trial
Former crypto tycoon Sam Bankman-Fried was found guilty Thursday by a New York jury on all seven counts of fraud, embezzlement and criminal conspiracy.
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FTX Founder To Retake Witness Stand, Face Cross-Examination In Fraud Trail
FTX founder Sam Bankman-Fried is set to retake the witness stand on Monday in his trial on fraud charges tied to the collapse of the cryptocurrency exchange.
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FTX Founder Sam Bankman-Fried To Testify At His US Crypto Trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.
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BlockFi to Shut Operations, Return Crypto Assets to Customers
BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse.
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FTX Founder Sam Bankman-Fried Pleads "Good Faith" In US Fraud Trial
Two visions of Sam Bankman-Fried, the disgraced crypto king, clashed in a New York courtroom on Wednesday in the opening arguments of his blockbuster trial for fraud.
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FTX Sues Parents of Founder Sam Bankman-Fried, Alleging Them of Misusing Company Assets
FTX on Monday sued the parents of founder Sam Bankman-Fried, saying that Stanford professors Joseph Bankman and Barbara Fried used the company to enrich themselves at the expense of FTX's customers.
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Explained: The Case Against Crypto Mogul Sam Bankman-Fried
Bankman-Fried was arrested from his apartment in the Bahamas on December 12 following the request of prosecutors in New York in connection to the fall of his cryptocurrency business.
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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
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Crypto CEO And Bankman-Fried Ex Caroline Ellison Gets Two-Year Sentence
Caroline Ellison, who testified against her former boyfriend and FTX founder Sam Bankman-Fried at his crypto fraud trial, was sentenced Tuesday to two years in prison for her role in the case, New York prosecutors told AFP.
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US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors
Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday.
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Sam Bankman-Fried Urges Lenient Sentence, Citing FTX Fund Recovery
Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
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FTX Founder Sam Bankman-Fried Won't Face Second Trial: US Prosecutors
U.S. prosecutors said on Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.
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Sam Bankman-Fried Convicted of Financial Fraud: What Next For FTX Founder?
FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.
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FTX Founder Sam Bankman-Fried Convicted of Multi-Billion Dollar Fraud
FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.
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FTX Founder Sam-Bankman-Fried Found Guilty On All Counts At Fraud Trial
Former crypto tycoon Sam Bankman-Fried was found guilty Thursday by a New York jury on all seven counts of fraud, embezzlement and criminal conspiracy.
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FTX Founder To Retake Witness Stand, Face Cross-Examination In Fraud Trail
FTX founder Sam Bankman-Fried is set to retake the witness stand on Monday in his trial on fraud charges tied to the collapse of the cryptocurrency exchange.
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FTX Founder Sam Bankman-Fried To Testify At His US Crypto Trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.
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BlockFi to Shut Operations, Return Crypto Assets to Customers
BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse.
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FTX Founder Sam Bankman-Fried Pleads "Good Faith" In US Fraud Trial
Two visions of Sam Bankman-Fried, the disgraced crypto king, clashed in a New York courtroom on Wednesday in the opening arguments of his blockbuster trial for fraud.
-
FTX Sues Parents of Founder Sam Bankman-Fried, Alleging Them of Misusing Company Assets
FTX on Monday sued the parents of founder Sam Bankman-Fried, saying that Stanford professors Joseph Bankman and Barbara Fried used the company to enrich themselves at the expense of FTX's customers.
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Explained: The Case Against Crypto Mogul Sam Bankman-Fried
Bankman-Fried was arrested from his apartment in the Bahamas on December 12 following the request of prosecutors in New York in connection to the fall of his cryptocurrency business.
