March 15, 2025

Sam Bankman-Fried

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Finance

New campaign finance violation case illustrates that the FTX criminal saga may be far from over after DOJ charges crypto lobbyist

  • August 23, 2024

After a jury convicted disgraced FTX founder Sam Bankman-Fried of seven criminal charges last November related to the collapse of his crypto exchange, questions lingered over alleged campaign finance violations totaling nearly $100 million stemming from stolen customer deposits. But a second trial never materialized, with prosecutors deciding to drop the case in December, leaving

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Crypto

Crypto Fraud ‘Makes No Sense’

  • August 20, 2024

Michael Lewis, the financial journalist who wrote a controversial book about the downfall of Sam Bankman-Fried, says the former crypto kingpin’s crime “still makes no sense.” Bankman-Fried was sentenced to 25 years in prison in March after being convicted of a colossal fraud in which he stole $8 billion of customers’ deposits from his FTX

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Crypto

Super-angel billionaire Ron Conway blindsided by crypto allies: report

  • August 20, 2024

Billionaire venture capital investor Ron Conway reportedly cut ties with a cryptocurrency super PAC called Fairshake after the group said it would support the Republican running against Sen. Sherrod Brown (D-Ohio), according to a Politico report. Brown is the longtime chair of the Senate banking committee and has raised concerns about cryptocurrency in the past,

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Loans

Jump Trading Drags FTX Estate to Court Over $264M Serum (SRM) Token Loan

  • July 11, 2024

The FTX bankruptcy estate is pushing back against a claim by Jump Trading’s subsidiary Tai Ho Shan, which asserts that Alameda didn’t deliver 800 million Serum (SRM) tokens and wants $264 million in damages, but Alameda says that the claim is invalid because the loan never commenced. Market data shows that the 800 million SRM

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Crypto

Inside latest crypto firm paying billions to end legal troubles

  • June 16, 2024

Judge approves $4.5 billion settlement between Do Kwon, Terraform Labs, and the U.S. Securities and Exchange Commission. Binance previously settled with the U.S. in November for $4.3 billion. Recent spate of criminal convictions and fines mark resolution for multiple bad actors who helped upend crypto sector in 2022. South Korean authorities are seeking the arrest

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Crypto

FTX crypto fraud victims to get their money back — plus interest

  • May 8, 2024

Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and

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Crypto

Solana cryptocurrency ridden with racist meme coins, Nazi imagery

  • April 1, 2024

Solana, the cryptocurrency platform that FTX fraudster Sam Bankman-Fried has recommended to his jail guards as a red-hot investment, has become ridden with racist and antisemitic coins. Sleazy crypto entrepreneurs — looking to grab cash in the middle of the massive Bitcoin rebound — are using Solana’s blockchain platform to mint a slew of crypto

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