25 years jail-time for SBF
FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has upended the crypto industry.
US District Judge Lewis A. Kaplan delivered the sentence in federal court...
SBF facing over 100-year jail sentence after guilty verdict
Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of his FTX exchange, following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends...
SBF is staying in the tjoekie
Sam Bankman-Fried’s request to be released from jail ahead of his Oct. 3 fraud trial was denied by a federal appeals court, hours after he lost a separate ruling that blocks him from calling expert witnesses for his defense.
The former FTX co-founder has been...
Google owner Alphabet is sitting on "too much" cash
Alphabet Inc. is facing a new and, by most accounts, welcome problem — how to spend its rapidly expanding pile of cash.
The Google owner generated nearly $29 billion (R549.62 billion) in cash in the second quarter after cutting thousands of...
SBF says revoking his bail would violate his free speech rights
FTX co-founder Samuel Bankman-Fried claims that revoking his bond and jailing him for speaking with a newspaper reporter would violate his free-speech rights.
US prosecutors asked a judge last week to revoke Bankman-Fried’s $250...
FTX sues SBF and former associates over R17.9 billion in bad deals
Bankrupt FTX Trading Ltd. will try to claw back millions of dollars in cash and unwind more than $1 billion (R17.88 billion) in questionable transactions as part of a new lawsuit filed against company founder and alleged...
Sam Bankman-Fried accused of R31.9-billion fraud
Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was accused by US regulators of orchestrating a multi-year fraud against investors — one that helped support his lavish lifestyle.
Bankman-Fried, who had been living in...
Sam Bankman-Fried arrested
Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse.
Bankman-Fried is...
FTX loses financial services licence access in South Africa
South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) licence.
“FTX is now unlicensed...
Cryptocurrency lender BlockFi halts withdrawals
Sam Bankman-Fried, founder of the embattled crypto exchange FTX, is being investigated by the US Securities and Exchange Commission for potential violations of securities rules.
The Bahamas, where his FTX.com arm is based, froze the assets of a...
Cryptocurrency lender Celsius files for bankruptcy
Cryptocurrency lender Celsius Network Ltd. filed for Chapter 11 bankruptcy, the latest casualty of a $2 trillion crash that has wiped out some of the industry’s biggest names and exposed hundreds of thousands of individual investors to steep...
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