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Sam Bankman-Fried Takes Stand in High-Stakes Trial

In a high-stakes trial that has gripped the crypto industry, Sam Bankman-Fried, the founder of the now-collapsed FTX exchange, has chosen to testify in his own defense. The move comes after prosecutors rested their case against him, with Bankman-Fried facing seven counts of fraud and conspiracy allegations. The allegations suggest that Bankman-Fried misappropriated billions of […]

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FTX Fraud Trial: Caroline Ellison Breaks Down in Tears

Caroline Ellison, former co-CEO of Alameda Research, took the stand as a key witness in a high-profile fraud trial involving Sam Bankman-Fried, the founder of FTX, a prominent cryptocurrency exchange. Ellison’s testimony, marked by admissions of involvement in a multi-billion-dollar siphoning operation, has sent shockwaves through the crypto community and financial world. Ellison, who had […]

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$1 Billion Binance Crypto Industry Recovery Fund Falls Short

In the aftermath of rival exchange FTX’s dramatic collapse last year, Binance, the world’s largest cryptocurrency exchange, unveiled its Industry Recovery Initiative (IRI). The aim was to breathe life back into struggling crypto projects, which had been reeling from FTX’s woes. Yet, recent reports from Bloomberg reveal that the IRI has fallen significantly short of […]

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Sam Bankman-Fried Granted Courtroom Privileges Amid Ongoing Trial

Sam Bankman-Fried, the founder of FTX and Alameda Research, has been granted certain courtroom privileges as his trial unfolds. The trial, scheduled to commence on October 3 in New York City, has garnered widespread attention due to its potential implications for the crypto industry. Bankman-Fried faces a battery of charges, including fraud, money laundering, market […]

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Former FTX Executive Admits to Illegal Campaign Donations

In a stunning turn of events, Ryan Salame, the former co-CEO of FTX Digital Markets, a subsidiary of the now-collapsed cryptocurrency exchange FTX, has admitted to making unlawful campaign contributions to U.S. politicians. The guilty plea comes as part of a wider scandal involving the exchange, leading to its bankruptcy in November 2022. Salame, the […]

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Disgraced FTX Founder Sam Bankman-Fried Pleads Not Guilty

In a recent court appearance, Sam Bankman-Fried, the founder of FTX, asserted his innocence regarding charges of fraud and money laundering related to the downfall of his cryptocurrency enterprise last year. The entrepreneur’s arraignment took place at the Southern District of New York courthouse. 🚨BREAKING: FTX FOUNDER SAM BANKMAN-FRIED PLEADS NOT GUILTY TO AUGUST 14TH […]

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FTX Co-founder Pleads Guilty to Fraud and Conspiracy Charges

It looks like troubles continue to abound with the FTX! Nishad Singh, a co-founder of the collapsed cryptocurrency exchange, has pleaded guilty to multiple US federal fraud and conspiracy charges. This is just the latest twist in the ongoing case against FTX and its co-founder, Sam Bankman-Fried. Singh admitted to making illegal donations to political […]

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FTX Japan Restarts Withdrawals of Customer Assets

FTX Japan, the Japanese arm of the bankrupt cryptocurrency exchange FTX, has restarted withdrawals of customer assets. The withdrawal process is being facilitated through the Liquid Japan web platform, and customers will be required to confirm their asset balance and transfer them to their Liquid Japan account. 「法定通貨の出金および暗号資産の出庫のサービス再開のご案内」を掲載致しました。こちらをご確認ください。https://t.co/Vu5jDnBBb3 — FTX Japan (@FTX_JP) February 20, 2023 […]

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