SBF pleads not guilty plea for all 8 counts against him
Sam Bankman-Fried (SBF) the former CEO of FTX, has entered a not guilty plea to all allegations against him, including wire fraud, securities fraud, and breaking campaign funding rules all of which could result in 115 years in jail. Bankman-counsel Fried’s reportedly submitted a not guilty plea on SBF’s behalf in his first court appearance […]
U.S lawmakers under pressure following FTX collapse
In response to FTX’s fall, United States lawmakers are reevaluating the crypto industry’s regulatory needs for 2023. In light of the demise of FTX, legislators in the US appear to be reassessing the crypto business and its regulatory requirements. The Wall Street Journal claims that since the cryptocurrency exchange declared bankruptcy in November, politicians have […]
SBF’s Crypto Wallets To Be Investigated By U.S. Authorities
The U.S. authority has launched an investigation into the crypto dealings which are allegedly undertaken by Sam Bankman-Fried. Recent reports state that federal authorities are looking into a series of cryptocurrency transactions that have been connected to Sam Bankman-Fried-related digital wallets by web analysts. Data tagging company Arkham Intelligence has determined that these monies are […]
SBF denies moving funds from Alameda wallets
The former FTX CEO Sam Bankman-Fried (SBF) has denied moving any funds from Alameda wallets saying he does not have access to them anymore. Days after being freed on a $250 million bail, Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied shifting money from Alameda wallets. Fried tweeted his denial of […]
Customers file class-action lawsuit against FTX
A class action lawsuit filed by four people made an attempt to get their money back before the government agencies lined up to suit the FTX and its founder Sam Bankman-Fried. In the United States Bankruptcy Court for the District of Delaware, the complaint was submitted on December 27. There might be up to 1 […]