Sam Bankman Fried

FTX founder Sam Bankman-Fried is expected to appear in a US courtroom around 1 pm EST (18:00 GMT) on Thursday, a court official said, the cryptocurrency exchange's founder was extradited from The Bahamas to face fraud charges.

US district judge Lewis Kaplan overruled objections by Bankman-Fried's lawyers and allowed the jurors in Manhattan federal court to see a profane message he sent to a reporter for the news website Vox days after FTX collapsed in November 2022 complaining that regulators "make everything worse." Jurors also saw a profanity-laced message Bankman-Fried sent a journalist for crypto news site The Block on X, that made reference to US Securities and Exchange Commission chair Gary Gensler.

Sam Bankman-Fried has consented to be extradited to the United States where he faces fraud charges, according to an affidavit his lawyer read on Wednesday at a court hearing in The Bahamas. It paves the way for the founder of the FTX cryptocurrency exchange to be flown to the United States as early as Wednesday afternoon. Bankman-Fried was committed to custody to await the move.

Former FTX CEO Sam Bankman-Fried, who was arrested in the Bahamas on Monday, lowered his head and hugged his parents after the magistrate judge refused bail citing a "great" risk of flight. He was ordered remanded to a correctional facility in the Bahamas until February 8.

Changpeng Zhao, also known as CZ, pleaded guilty to a felony related to his failure to prevent money laundering on the Binance platform and resigned as CEO. This development follows the conviction of FTX founder Sam Bankman-Fried for defrauding customers. Bankman-Fried is currently in prison and has adapted to using mackerel as currency. He shares a dormitory with other notable inmates and trades mackerel pouches for services. Bankman-Fried initially struggled with the jail's lack of vegan options.

Sam Bankman-Fried, founder of cryptocurrency platform FTX, has been charged with directing $40m in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business. This charge raises the number of charges Bankman-Fried faces to 13. An arrest of a fifth individual is imminent, according to the charge sheet, with prosecutors describing it as a continuing investigation.

Sam Bankman-Fried, FTX co-founder facing federal charges, has been moved from his parental home in Palo Alto to the Brooklyn Metropolitan Detention Center due to suspected witness tampering. The $250m bail package was revoked, and Bankman-Fried, who has pleaded not guilty, is expected to be confined in a dormitory-style cell in one of 28 housing units.

Former crypto CEO Sam Bankman-Fried is facing challenging conditions at Brooklyn's Metropolitan Detention Center (MDC), according to his attorneys. Bankman-Fried's requests for medication to treat his ADHD and depression have been ignored, and he has been subsisting on minimal food.

Sam Bankman-Fried, the founder of FTX crypto exchange, took the stand in his own defense during his trial for fraud and misusing customer funds. Bankman-Fried denied defrauding anyone or taking customer funds, instead portraying himself as a disengaged CEO who made mistakes. He attempted to cast doubt on testimony from former colleagues who have pleaded guilty to fraud and cooperated with prosecutors. Bankman-Fried faces decades in prison if convicted.

A US judge has cancelled the bail of Sam Bankman-Fried, the creator of the insolvent FTX cryptocurrency exchange, citing reasonable suspicion that he attempted to influence at least two witnesses ahead of his fraud trial for allegedly misappropriating billions of dollars in FTX customer deposits to fund his other businesses.

Binance founder Changpeng Zhao sentenced to 4 months for failing to prevent cybercriminals. Guilty of US laws violations. Assets remain untouched. Influence on Binance undiminished. Contrast to FTX's Bankman-Fried's theft accusation and 25-year sentence.

Sam Bankman-Fried, the founder of FTX, has been found guilty on all seven counts of fraud, conspiracy, and money laundering. The verdict comes almost a year after FTX declared bankruptcy, causing Bankman-Fried to lose his estimated $26 billion personal fortune. Prosecutors argued that he stole $8 billion from the exchange's users due to his greed. Bankman-Fried has been convicted of wire fraud conspiracy, wire fraud, conspiracy to commit money laundering, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud. He could face a maximum sentence of 20 years in prison for each charge.

Sam Bankman-Fried, the embattled crypto mogul, has allegedly been denied vegan meals and access to prescription medication in jail, according to his lawyers. They argue that they need better access to Bankman-Fried to build his defense case ahead of his October fraud trial.

Crypto markets have come under intense pressure this year, as rising interest rates prompt investors to ditch risky or speculative assets. The collapse of several crypto lenders, including Celsius and Voyager, major tokens terraUSD and Luna, and hedge fund Three Arrows Capital, had rung alarm bells even before the fiasco at FTX, headed by Sam Bankman-Fried.

Sam Bankman-Fried wrote a blog post in which he denies stealing money from FTX customers and blames the collapse of his now-bankrupt exchange on a broad crash in cryptocurrency markets. Federal prosecutors in Manhattan last month said Bankman-Fried stole billions of dollars from FTX customers to pay debts for his crypto-focused hedge fund, Alameda Research, purchase lavish real estate, and donate to US political campaigns. He has pleaded not guilty.

FTX, a cryptocurrency exchange, collapsed in November 2019, leading to the loss of billions of dollars in customer funds. Sam Bankman-Fried, the founder of FTX, is accused of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research. Federal prosecutors in Manhattan have accused the FTX founder of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research.

Sam Bankman-Fried, co-founder of FTX, has been swiftly convicted on all seven counts against him in a complex white-collar case. The jury in the Manhattan federal court reached the verdict within hours of beginning deliberations, which is unusual for such trials. This contrasts with cases such as Theranos Inc founder Elizabeth Holmes and WorldCom Inc CEO Bernie Ebbers, where jurors took eight days to reach a verdict. Bankman-Fried’s attorney, Mark Cohen, said they will look at an appeal.

Bahamian authorities arrested Bankman-Fried last Monday at the request of the US government. US prosecutors allege he played a central role in the rapid collapse of FTX and hid its problems from the public and investors

Bankman-Fried, 30, denied charges accusing him of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his cryptocurrency hedge fund trading firm. Bankman-Fried's attorney, Mark Cohen, announced his client's plea, saying: “He pleads not guilty to all counts."

Federal prosecutors in Manhattan last week charged the 30-year-old cryptocurrency mogul with stealing billions of dollars in FTX customer assets to plug losses at his hedge fund, Alameda Research, in what US Attorney Damian Williams called "one of the biggest financial frauds in American history."

US prosecutors do not plan a second trial against Sam Bankman-Fried, convicted of stealing from customers of his bankrupt FTX crypto exchange. They cite the "strong public interest" in resolving the case promptly, given Bankman-Fried's upcoming sentencing, which may include forfeiture and restitution orders for victims. Bankman-Fried was convicted on all seven fraud and conspiracy counts. Prosecutors say a second trial would not affect his potential prison sentence as the evidence had already been presented. Bankman-Fried is expected to appeal his conviction.

US prosecutors do not plan a second trial for Sam Bankman-Fried, who was convicted of stealing from customers of his bankrupt FTX cryptocurrency exchange. The prosecutors stated that the strong public interest in a prompt resolution of the case outweighed the benefits of a second trial. Bankman-Fried's scheduled sentencing in March 2024 will likely include orders of forfeiture and restitution for his victims. Jurors convicted Bankman-Fried on all seven fraud and conspiracy counts he faced.

The sudden collapse of Sam Bankman-Fried's crown jewel -- the crypto exchange FTX.com, which now needs a bailout from its chief rival, Binance Holdings -- has left crypto investors in stunned disbelief.

Sam Bankman-Fried amassed billions of dollars in personal wealth running FTX, one of the world's largest crypto exchanges that was valued earlier this year at $32 billion. Bankman-Fried has been arrested by Bahamian authorities at the request of the US government.

FTX co-founder Sam Bankman-Fried admitted in a New York court that he was aware Alameda Research hadn't properly hedged its risk before both companies collapsed. Assistant US Attorney Danielle Sassoon used Bankman-Fried's past statements to undermine his attempts to distance himself from decisions at the hedge fund. Bankman-Fried faces prison on charges related to transferring FTX customer money into Alameda for investments and other expenses. He testified in his own defense to counter the testimony of former FTX officials who incriminated him.

Caroline Ellison, a former employee of cryptocurrency hedge fund Alameda Research, testified as a key witness in the fraud trial against its founder, Sam Bankman-Fried. Ellison, who became Alameda's co-chief executive and later assumed full control, pleaded guilty to fraud charges and agreed to cooperate with prosecutors. She admitted to helping Alameda.