Sam Bankman-Fried

News About Sam Bankman-Fried

Cryptocurrency News, News

US Government Moves $33.6M Crypto Seized from FTX

By Bena Ilyas December 4th, 2024

As of December 4, the US government reportedly holds over 198,000 BTC, valued at $19.2 billion. With such massive reserves, the recent activity has reignited conversations around the government’s strategy concerning its crypto holdings.  

Cryptocurrency News, News

John Deaton Challenges Gary Gensler’s Ties with Sam Bankman-Fried

By Bena Ilyas November 26th, 2024

John Deaton has consistently criticized the SEC, advocating for regulatory changes in the crypto sector.

Cryptocurrency News, News

DOJ Seeks $17.9M in Crypto Linked to Sam Bankman-Fried’s Alleged Bribery Scheme

By Anisha Pandey November 13th, 2024

FTX collapsed in November 2022, revealing extensive mismanagement of customer funds under Bankman-Fried’s leadership. It is considered one of the largest financial frauds in American history.

Cryptocurrency News, News

FTX Estate Sues Binance to Recover $1.8B in Alleged Fraudulent Transfer

By Chimamanda U. Martha November 11th, 2024

The estate asserts that Sam Bankman-Fried’s $1.75 billion repurchase agreement with Binance in July 2021 was a fraudulent transfer.

Cryptocurrency News, News

Ex-FTX Exec Nishad Singh Faces Sentencing in $8B FTX Fraud

By Bena Ilyas October 30th, 2024

Singh’s cooperation was pivotal, with prosecutors pushing for leniency due to his assistance in exposing one of the largest financial frauds in US history, which led to Bankman-Fried’s conviction and significant asset recovery for victims.