Tag: FTX Collapse
Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors
Trabucco, who was part of Sam Bankman-Fried’s inner circle and became Caroline Ellison’s right hand at Alameda Research, the trading firm co-founded b [...]
Former FTX CTO Gary Wang Asks Court for No Jail Time
“Unlike Singh, [Wang] did not engage in money laundering or participate in the straw donor scheme. Unlike Singh, [Wang] did not generate false revenue [...]
FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse
Singh, 29, who pleaded guilty to six criminal counts including wire fraud and conspiracy in February, is the fourth FTX executive to be sentenced for [...]
FTX’s $228M Settlement WIth Bybit Brings Conclusion of Epic Liquidation Closer
"We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for no [...]
Delaware Judge Approves FTX Estate’s Bankruptcy Plan
A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 [...]
Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison
Her testimony was a "cornerstone" in Bankman-Fried's conviction, prosecutors said in a sentencing memorandum ahead of Tuesday's hearing. Bankman-Fried [...]
What to Expect at Former Alameda Research CEO Caroline Ellison’s Sentencing
Kaplan sentenced Ryan Salame, the former CEO of FTX Digital Markets, to more than seven years in prison earlier this year. Like Ellison, Salame pled g [...]
FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations
“Because Prager’s audits of FTX were conducted without due care, for example, FTX investors lacked crucial protections when making their investment de [...]
Sam Bankman-Fried Appeals Fraud Conviction, Requests New Trial
Several of Bankman-Fried’s closest friends and colleagues – including his ex-girlfriend Caroline Ellison, Nishad Singh, Gary Wang, and Ryan Salame – t [...]
Caroline Ellison Shouldn’t Go to Jail After FTX Collapse, Attorneys Say
Ellison's diary entries – a select few pages anyway – also lay out her thought process during her time at Alameda, describing her mood, how work and h [...]
Former FTX Executive Caroline Ellison’s Sentencing Hearing Set for Sept. 24
"Ms. Ellison has been the focus of intense media scrutiny and Internet fascination since the outset of this case, including from Sam Bankman-Fried's r [...]
Prosecutors Tell NY Court They Didn’t Renege on FTX Exec Ryan Salame’s Plea Deal
In their memo, prosecutors called Salame’s assertions “inaccurate, incomplete, and outright false” and denied that they breached their plea agreement [...]
Jailed FTX Exec Withdraws His Request to Compel Government to Abide by Plea Deal
Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the condi [...]
Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced This Fall
Singh and Wang, who both pleaded guilty to criminal charges shortly after FTX fell apart, both testified against FTX co-founder and former CEO Sam Ban [...]
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Several of the smaller celebrity promoters – including finance Youtubers Andrei Jikh, Graham Stephan, Jaspreet Singh, Tom Nash, Brian Jung and Jeremy [...]