sam bankman-fried

FTX Transferred $2.2 Billion to Sam Bankman-Fried via Alameda Research and Related Entities, New Managers Say

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Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion (roughly Rs. 18,200 crore) to company founder Sam Bankman-Fried through related entities, the company’s new management said. Overall more than $3.2 billion (roughly Rs. 26,560 crore) was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday. … Read more

FTX’s Sam Bankman-Fried Used VPN to Access Internet Recently, Could Be Hiding Online Activity: US Prosecutors

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US prosecutors said their discovery that Sam Bankman-Fried used a virtual private network to access the internet on two recent occasions raises concerns that the FTX co-founder could be hiding his online activities. The Manhattan judge handling Bankman-Fried’s criminal fraud case last week expressed his own concerns that even if the defendant is barred from … Read more

FTX Founder Sam Bankman-Fried Ignores Typical Legal Strategy, Keeps Talking Ahead of October Trial

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For federal prosecutors, Sam Bankman-Fried could be the gift that keeps on giving. After the November collapse of FTX, the cryptocurrency exchange he founded in 2019, Bankman-Fried unexpectedly gave a series of interviews intended to present his version of events. He was indicted in December and charged with perpetrating one of the biggest frauds in … Read more

FTX’s Sam Bankman-Fried in Talks With US Prosecutors to Resolve Dispute Over Strict Bail Conditions

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Sam Bankman-Fried is in talks with US prosecutors to resolve a dispute over the FTX cryptocurrency exchange founder’s bail conditions, his lawyer said on Thursday. The judge overseeing Bankman-Fried’s criminal fraud case in federal court in Manhattan on Wednesday temporarily barred the 30-year-old former billionaire from contacting employees of FTX or his Alameda Research hedge … Read more

FTX Founder Sam Bankman-Fried Objects to Stricter Bail, Says Prosecutors Put Him in ‘Worst Possible Light’

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Lawyers for Sam Bankman-Fried on Saturday urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.” The lawyers were responding to a Friday night request by federal prosecutors that Bankman-Fried … Read more