A US judge sentences Sam Bankman-Fried to 25 years in prison for stealing from users of his now-bankrupt FTX crypto exchange and orders him to forfeit $11B+
Past 6 pm on December 29 … Matthew Russell Lee / Matthew Russell Lee's Newsletter : Aftermath: SBF Sentenced to 25 Years in Prison After Coin Flip and Presidential Aspirations Cited by Judge - Ellison...
US v. SBF: in closing statements, the US relied heavily on evidence to argue SBF is guilty and he was “greedy” while SBF's defense managed to make things worse
Mistakes aren't illegal, but fraud is — and Bankman-Fried's lawyers never made his defense land.
In its opening statement, SBF's defense said FTX was a futures exchange that “didn't have a chief risk officer, which became an issue” when the crypto crash hit
The prosecution came out swinging. Oddly, Bankman-Fried's defense didn't.
Robinhood says the company paid ~$606M to repurchase shares held by an affiliate of Sam Bankman-Fried, set up via an agreement with the US Marshals Service
On August 30, 2023, Robinhood Markets, Inc. (the “Company") entered … Mike Millard / DL News : Ripple opposes SEC request to appeal judge's XRP ruling, HashKey fund to invest in altcoins CNBC : Robinh...
A judge sets SBF's trial for October 2023, allows redacting his bond signers' names for now, and amends his bail terms to prohibit him from accessing FTX funds
furiously writing notes to his attorneys on a legal pad and pointing to them with a biro. Leo Schwartz / @leomschwartz : After Judge Kaplan granted Sam Bankman-Fried's lawyers' request to redact the n...
Sources: in January 2018, Alameda got a $110M loan from Skype co-founder Jaan Tallinn and a $6M loan from philanthropist Luke Ding, who back Effective Altruism
The big money behind Alameda Research, the sister trading firm of crypto exchange FTX, came from two influential backers … Tweets: @lizrhoffman , @mikekoob , @timnitgebru , @woodhull , @timnitgebru , ...
A look at how FTX cultivated ties with wealthy Hong Kong families, many of whom invested, and Alameda-owned Genesis Block helped FTX access cash and clients
Financial Times : Tweets: @kadhim , @nikasgari , and @airevthingtrnsp Tweets: @kadhim : Incredible photo of Sam Bankman-Fried, Caroline Ellison and Gary Wang at Bankman-Fried's 29th birthday last yea...
As FTX collapsed, mainstream news organizations often failed to give a straightforward assessment of exactly what happened and potential crimes involved
and the media cover-up. (via @EllisItems) “[W]hat happened at the FTX crypto exchange ...[was] a conscious and intentional fraud intended to steal money from both users and investors.” https://www.coi...
Sources: the SEC and CFTC are investigating FTX.com over handling customer funds and its relationship with other parts of Sam Bankman-Fried's empire
US financial regulators are investigating whether beleaguered crypto-exchange FTX.com properly handled customer funds … Tweets: @autismcapital , @hunterwalk , @johnedeaton1 , @clemenchiang , @clemench...