FTX crypto boss tried to dismiss fraud charges
The man behind crypto exchange FTX, which collapsed last year, has filed motions to dismiss 13 charges of fraud against him.Lawyers for Sam Bankman-Fried, 31, said the US government failed to properly explain what offences he is alleged to have committed.They tried to persuade the judge to dismiss most of the charges against him, which […]
FTX founder faces bribery charges
The man behind the crashed crypto exchange FTX faces a total of 13 charges including new allegations of bribery. FTX founder Sam Bankman-Fried has been charged with bribing Chinese officials with payments of at least $40m (£32.4m). FTX is thought to have had up to 80,000 UK clients, who stand to suffer substantial losses. Prosecutors […]
FTX executive pleads guilty to charges in US
An executive at collapsed cryptocurrency firm FTX, Nishad Singh, has pleaded guilty to criminal charges in the US. Former engineering director Singh admitted six charges. These included three counts of conspiracy to commit fraud and the pleas come after FTX founder Sam Bankman-Fried has been accused of 12 criminal charges, which he denies. FTX filed […]
FTX boss faces four new charges
The former head of collapsed crypto exchange FTX has charged with four more offences. Sam Bankman-Fried is accused of conspiring to make illegal political donations and to commit bank fraud. Bankman-Fried has already pleaded not guilty to defrauding customers and investors, according to a report published by the BBC. FTX filed for bankruptcy last year, […]
UK investor ‘lost £1m’ in FTX collapse
A UK investor is reported to have lost £1m in the collapse of cryptocurrency trading platform FTX. The customer is understood to be one of 13 to have made fraud reports to British police. US-based FTX filed for bankruptcy on 11 November. It is alleged its boss Sam Bankman-Fried, 30, had illegally diverted massive sums […]
FTX founder Sam Bankman-Fried denies fraud
The founder of the FTX crypto exchange has denied charges of stealing billions of dollars of his customers’ money. Sam Bankman-Fried, 30, pleaded not guilty before US district judge Lewis Kaplan at a court in Manhattan on January 3. He spent Christmas on bail and under house arrest at his parents’ home in California. The […]
FTX boss due in court to face eight charges
Sam Bankman-Fried, founder of the crashed crypto exchange FTX, is to appear in a Manhattan federal court later today (January 3) to face charges that include cheating investors out of billions of dollars.According to reports, Bankman-Fried is charged with eight criminal counts ranging from wire fraud and conspiracy to commit money laundering, to conspiracy by […]
Up to 80,000 FTX clients are from UK
Around 80,000 customers of the collapsed cryptocurrency exchange FTX are from the United Kingdom. Sam Bankman-Fried’s company, used to buy assets like Bitcoin, crashed last month. Large sums of money have gone missing from the exchange, amid allegations customer funds were mismanaged. Now he faces the possibility of criminal investigations into the company’s collapse, with […]
New FTX boss ‘troubled’ at how firm was run
The new boss at the troubled cryptocurrency exchange FTX has expressed concerns at the way the company was run, according to reports. FTX, which collapsed last week, has appointed chief executive John Ray who said in court filings in the US that he had never “seen such a complete failure of corporate controls”. He also […]
A million may be owed money after FTX crash
More than a million people and businesses may be owed money after the collapse of the cryptocurrency giant FTX, according to reports. There are also fresh fears that FTX may have been hacked with the loss of millions of dollars. In the UK, crypto assets are largely unregulated with little protection for consumers but 6.7m […]