Sam Bankman-Fried, the former head of FTX, is in prison for a huge financial scam. He got 25 years for stealing billions from customers. Now, he wants a pardon. But Donald Trump, the former U. S. president, says no way. Trump made this clear in a recent interview. He won't pardon Bankman-Fried or ot
Caroline Ellison, the former head of Alameda Research, is set to walk free from prison much earlier than expected. She was only sentenced to two years for her part in the FTX crypto scandal, and now, after just 15 months, she's getting out early. This is quite a contrast to her ex, Sam Bankman-Fried
Sam Bankman-Fried, the former big shot of the crypto world, is not giving up. His legal team is making a big push to overturn his conviction. They say he didn't get a fair trial. The judges will listen to their arguments soon. Bankman-Fried was found guilty of some serious charges. He was accused o
The news about FTX creditors getting their money back isn't as straightforward as it seems. The value of crypto has gone up a lot since FTX went down, which means the payouts might not be as big as people thought. Sunil, who represents FTX creditors, said that after adjusting for the current crypto
Ever heard of Sam Bankman-Fried? He's the guy who turned the crypto world upside down. Now, Apple and A24 are teaming up to tell his story in a new movie. Lena Dunham, the creator of "Girls, " is writing the script. It's based on Michael Lewis' book "Going Infinite, " which dives into the rise and f
In a surprising turn of events, the bankruptcy trustees of the once-mighty crypto exchange FTX have filed a lawsuit against their former rival, Binance. The lawsuit, which was filed in a US bankruptcy court in Delaware, is seeking to recover a staggering $1. 76 billion. This massive sum was allegedl
In New York, a former FTX executive named Nishad Singh was spared a prison sentence on Wednesday. The federal judge commended Singh's significant cooperation in exposing the multibillion-dollar fraud orchestrated by FTX's founder, Sam Bankman-Fried. Singh, who was the company's engineering director,
Nishad Singh, the former head of engineering at FTX, received no jail time and three years of supervised release on Wednesday. Instead of the maximum 75 years, he was ordered to forfeit $11 billion. Judge Lewis Kaplan praised Singh’s cooperation with the government, noting it was “remarkable. ” Sing
FTX has officially received the green light from a bankruptcy court to start repaying its customers. The plan, approved on Monday, is set to use up to $16.5 billion in assets that the company managed to recover after its collapse. The court praised FTX for handling the complex bankruptcy process eff
After FTX crumbled in late 2022, many thought their money was gone forever. But recently, a court gave the thumbs-up on a whopping $14 billion U.S. dollars payback plan. This means creditors (people who lent money to FTX) are in for a nice surprise. They'll get all their money back—plus some extra!
