Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
By Luc Cohen and Jody Godoy NEW YORK (Reuters) – Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers…
FTX’s Bankman-Fried denies witness tampering, accepts gag order
By Mrinmay Dey (Reuters) – Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to…
Singapore’s Temasek cuts compensation for staff responsible for FTX investment
By Urvi Manoj Dugar and Yantoultra Ngui (Reuters) – Singapore state investor Temasek Holdings said on Monday it had cut compensation for the team that recommended its investment in the…
FTX seeks to claw back over $240 million from Embed acquisition
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto exchange FTX is seeking to claw back more than $240 million it paid for stock trading platform Embed, saying former FTX…
Bahamas regulator sticks to estimate of FTX assets
By Kanjyik Ghosh (Reuters) – The Securities Commission of the Bahamas (SCB) rebuffed on Monday FTX‘s claims about the digital assets of its Bahamas unit held by the regulator, saying…
FTX Japan to return assets to clients from February
By Junko Fujita TOKYO (Reuters) – The Japanese unit of failed cryptocurrency exchange FTX said on Friday it would return its customer assets from February. FTX Japan is developing a…
FTX customers file class action to lay claim to dwindling assets
By Tom Hals and Dietrich Knauth (Reuters) – FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday,…
Visa has terminated global debit card agreements with FTX
By Hannah Lang NEW YORK (Reuters) – Visa Inc, the world’s largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX.…
Mercedes F1 team evaluating FTX sponsorship, branding stays for now
By Alan Baldwin in London SAO PAULO (Reuters) – The Mercedes Formula One team said on Thursday they were keeping the branding of troubled cryptocurrency exchange FTX on their cars…
New York recovers $50 million for defrauded Gemini Earn crypto investors
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini…