Category Archives: Sam Bankman-Fried

Bankman-Fried planned to buy Nauru and build apocalypse bunker – lawsuit

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Lawsuit filed against FTX founder, 31, includes memo that detailed plans to purchase Pacific island in case world came to an end

The disgraced cryptocurrency mogul Sam Bankman-Fried, who founded the FTX exchange, had planned to purchase the small Pacific island nation of Nauru in case the world came to an end, according to a new lawsuit.

The lawsuit, filed on Thursday by FTX against its 31-year-old founder and three other former executives, and seeking $1bn, included a memo created by Bankman-Fried’s younger brother Gabriel and an FTX Foundation executive. The memo detailed plans to buy Nauru.

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FTX founder Sam Bankman-Fried pleads not guilty to bribery charges

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Bankman-Fried, 31, has already pleaded not guilty to eight counts over collapse of cryptocurrency exchange last year

The FTX cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty on Thursday to new US criminal charges, which include conspiring to violate campaign finance laws and bribe Chinese authorities.

Bankman-Fried, 31, had earlier pleaded not guilty to eight counts of fraud and conspiracy for allegedly stealing billions in FTX customer funds to plug losses at his hedge fund, Alameda Research.

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Sam Bankman-Fried expected to plead not guilty in FTX case

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Crypto exchange founder accused of using deposits to support hedge fund, buy real estate and make political contributions

Fallen crypto billionaire Sam Bankman-Fried is expected to enter a plea of not guilty on Tuesday to criminal charges that he cheated investors and looted billions of dollars at his now bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.

Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions, in what prosecutors have called a fraud of epic proportions.

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FTX assets worth $3.5bn held by Bahamas securities regulator

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Authority says it is holding digital assets until they can be returned to creditors and former customers

The Bahamas securities regulator has said it has seized assets worth $3.5bn (£2.9bn) from the failed cryptocurrency exchange FTX and plans to return them to creditors and former customers.

The Securities Commission of the Bahamas said it had transferred all digital assets under the custody or control of FTX Digital Markets, a Bahamas subsidiary of the FTX operation, to its own digital wallets for “safekeeping”.

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Sam Bankman-Fried expected back in US after agreeing to extradition

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FTX founder set to be charged with eight criminal counts, including fraud, conspiracy and money-laundering offenses

Sam Bankman-Fried, the jailed founder of the collapsed crypto-currency exchange FTX, is expected to fly back to the US on Wednesday to face criminal charges after waiving his right to contest extradition from the Bahamas.

After several days of conflicting signals from Bankman-Fried’s US and Bahamian legal teams, the disgraced crypto-king appeared in court in Nassau to inform a magistrate judge of his decision.

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FTX founder Sam Bankman-Fried agrees to US extradition

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Crypto mogul’s lawyer in Bahamas says he wanted to see indictment before consenting to travel to face fraud charges

Fallen crypto mogul Sam Bankman-Fried has now decided to agree to be extradited to the United States to face fraud charges, two of his lawyers said on Monday, just hours after one of them told a Bahamas judge the FTX founder wanted to see the US indictment against him before consenting.

On Monday afternoon, Jerone Roberts, Bankman-Fried’s criminal defense lawyer in the Bahamas, told media outlets including the New York Times that his client had agreed to be voluntarily extradited and that he hoped Bankman-Fried would be back in court later this week.

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Sam Bankman-Fried: FTX founder charged with defrauding investors

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SEC says investigation into other alleged misconduct by former CEO of crypto exchange is ongoing

Sam Bankman-Fried, the founder and former chief executive of the crypto exchange FTX, has been charged with fraud, conspiracy to commit money laundering and conspiracy to defraud the US and violate the campaign finance laws.

The eight criminal charges filed by the US attorney’s office for the southern district of New York on Tuesday follow civil charges brought by the US Securities and Exchange Commission charging the 30-year-old former billionaire with defrauding investors in the company.

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Sam Bankman-Fried and other FTX staff allegedly had ‘Wirefraud’ chat group

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Chat group on the platform Signal was reportedly used to send end-to-end encrypted information about FTX and its hedge fund

Sam Bankman-Fried and other members of the inner circle of the collapsed crypto exchange FTX allegedly formed a chat group on the encrypted platform Signal under the name “Wirefraud”.

The Australian Financial Review reported that the Wirefraud chat group was used to send end-to-end encrypted information about FTX and its crypto hedge fund, Alameda Research, in the run-up to the implosion of the exchange. According to the newspaper, members of the secret group included Bankman-Fried, his FTX partners Zixiao “Gary” Wang and Nishad Singh, and the CEO of Alameda Research Caroline Ellison.

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