Celsius Founder Alex Mashinsky Pleads Guilty To Fraud
Alex Mashinsky, former CEO of bankrupt crypto lender Celsius, has pleaded guilty to two counts of fraud, which together carry a maximum sentence of 30 years in prison. In the …
ftx trial
FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan
A US judge has cleared the way for billions of dollars to be refunded to former customers of bankrupt crypto exchange FTX. At a court hearing in Wilmington, Delaware, on …
FTX Insider Caroline Ellison Sentenced to Two Years in Prison
The potency of Ellison’s testimony against Bankman-Fried will also have gone a long way to convincing the judge to show leniency, says Paul Tuchmann, a former US prosecutor and partner …
FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison
The defense’s court filing was supplemented with letters from Bankman-Fried’s family members and various associates, testifying to his good character, remorse, and utilitarian ideals. “The public perception of Sam could …
FTX Says It Expects to Repay Customers in Full. Some Are Suing for More
A group of former customers of bankrupt crypto exchange FTX are rebelling against a proposed plan that would return the entirety of the money they lost. In a lawsuit filed …
A Last-Ditch Plan to Save the Crypto Industry
The book traces the following thesis: At first, the internet was open, but limited. Private companies brought interactivity to the web and grew fat on the proceeds, but that made …
FTX Founder Sam Bankman-Fried Has Been Found Guilty of Fraud
In crypto circles, the trial of Bankman-Fried was considered a “galactic embarrassment,” a sideshow whose outcome would have little effect on the prospects or trajectory of remaining crypto businesses, but …
Sam Bankman-Fried Sealed His Fate Long Before the FTX Trial
The simplest legal advice is to say nothing at all. Sam Bankman-Fried, founder of crypto exchange FTX, who recently took to the stand at his own fraud trial, isn’t very …
5 highlights from Sam Bankman-Fried’s cross-examination
Prosecutors on Monday grilled FTX founder Sam Bankman-Fried on the witness stand, taking aim at his credibility as his criminal fraud trial entered its fifth week in New York City. …
Sam Bankman-Fried Built a Crypto Paradise in the Bahamas—Now He’s a Bad Memory
Each Sunday morning, the congregation of the International Deliverance Praying Ministry gathers in front of their church, ready to be let in. It’s a modest building in the southside of …