Sam Bankman-Fried, the founder of FTX, pleaded not guilty to fraud and money laundering charges related to the collapse of his cryptocurrency empire, with the new indictment accusing him of misusing customer funds for personal purposes.
Sam Bankman-Fried, founder of FTX, plans to argue that he acted in "good faith" based on the advice of lawyers as part of his defense strategy for his upcoming criminal trial relating to alleged fraudulent schemes.
A federal judge has allowed lawyers for FTX founder Sam Bankman-Fried to meet their client in prison to prepare for his upcoming trial.
FTX founder Sam Bankman-Fried's lawyers claim that prosecutors delivered four million pages of documents for him to examine six weeks before trial, making it impossible for him to adequately review the evidence from prison. Bankman-Fried is accused of intentionally deceiving customers and investors and playing a central role in the collapse of his company. His lawyers have requested his release to prepare for trial.
Sam Bankman-Fried, founder of bankrupt cryptocurrency exchange FTX, has appealed a decision to jail him ahead of his trial, arguing that he was being punished for exercising his First Amendment right to free speech.
FTX founder Sam Bankman-Fried is seeking to have a series of expert witnesses testify on his behalf in his upcoming trial, with prices ranging from $400 to $1,200 an hour, as prosecutors try to block their testimony.
Former FTX CEO Sam Bankman-Fried's claims that his access to a special laptop and other accommodations have not helped him prepare his defense while in prison have been disputed by federal prosecutors, who argue that the restrictions are necessary due to alleged witness tampering.
The defense team of Sam Bankman-Fried, the former FTX CEO, failed to win any major concessions in a hearing regarding his difficulties in preparing for his trial from jail, as the judge declined to release him but requested briefing on the conditions in the detention facility to determine if temporary release is warranted.
FTX founder Sam Bankman-Fried's legal team argues that they are unable to adequately prepare for his trial due to lack of access to discovery and internet, violating his Sixth Amendment rights.
Former FTX founder Sam Bankman-Fried received nearly $1 billion in cash payments from the crypto exchange before its collapse, while other ex-executives also benefited from the funds, court filings reveal.
Sam Bankman-Fried, founder of failed cryptocurrency exchange FTX, has been granted access to a laptop to review discovery materials related to his criminal case, according to the U.S. Department of Justice, but his defense argues that the current setup does not allow for meaningful preparation of his defense.
Sam Bankman-Fried, founder of bankrupt cryptocurrency exchange FTX, has lost his bid to be released from jail ahead of his criminal trial over the collapse of FTX.
Former FTX CEO Sam Bankman-Fried's bail has been revoked by the New York South District court due to multiple instances of violating bail conditions, with prosecutors claiming he could attempt witness tampering and that no release conditions would ensure the safety of witnesses.
FTX founder Sam Bankman-Fried's lawyers claim that prosecutors have failed to provide him with the necessary computer resources to prepare for his upcoming trial related to the collapse of a crypto exchange, as he remains in jail awaiting trial.
Former FTX CEO Sam Bankman-Fried's lawyers have requested a pre-trial release, citing a lack of adequate internet connectivity in jail, which they argue hinders their defense preparation and leads to a loss of time.
The U.S. Department of Justice is accused by defense attorneys of preventing FTX founder Sam Bankman-Fried from having a fair trial by attempting to disqualify proposed expert witness testimony, according to a filing.
The collapsed crypto exchange FTX has been granted permission to liquidate its digital assets to repay creditors, including Bitcoin, Ether, and Solana, amounting to around $3.4 billion. The founder of FTX, Sam Bankman-Fried, is facing charges of fraud and conspiracy, with his bail being revoked last month.
Sam Bankman-Fried's father, Joe Bankman, has reportedly been closely involved with FTX's operations and has funded his son's legal defense after a $10 million gift, raising questions about his role in the controversial cryptocurrency that led to FTX's collapse.
FTX founder, Sam Bankman-Fried, has written hundreds of pages of reflections and self-justifications during his house arrest, potentially signaling his defense strategy for his upcoming criminal trial.
Disgraced former FTX CEO Sam Bankman-Fried, currently in custody and awaiting trial, feels broke and hated, with no hope of changing the public perception of him, according to leaked writings that detail his justifications over the collapse of FTX and his alleged misdeeds.
Summary: A BusinessWeek report reveals that Sam Bankman-Fried's parents actively participated in running FTX and benefited from the fraud, using their prestige to open doors for their son, while enjoying a luxury villa and millions of dollars paid for by FTX customers.
Former FTX CEO Sam Bankman-Fried reportedly drafted a 15,000-word Twitter thread that he never posted, detailing his life under house arrest and his thoughts on FTX's bankruptcy case, according to documents provided by crypto influencer Tiffany Fong. The drafts also revealed personal information about Bankman-Fried's relationship with former Alameda Research CEO Caroline Ellison, who will testify in his criminal trial starting in October. Bankman-Fried has pleaded not guilty to fraud charges, while Ellison and others have already pleaded guilty to similar charges.
FTX boss Sam Bankman-Fried, who is currently in jail awaiting trial on federal fraud charges, is taking ADHD medication, according to a court filing, raising concerns about his behavior during the trial.
FTX is suing the parents of Sam Bankman-Fried, alleging that they used company funds to enrich themselves through gifts and donations, despite knowing that the company was insolvent or on the brink of insolvency. The lawsuit also accuses Bankman of trying to cover up FTX mismanagement and fraud.
