SBF’s ex-deputy Gary Wang avoids prison over FTX fraud

Former crypto executive Gary Wang, who wrote the computer code that helped FTX founder Sam Bankman Fried steal about $8 billion from the bankrupt exchange's customers, was sentenced to prison by a judge on Wednesday. I was spared. U.S. District Judge Lewis Kaplan announced during a hearing in federal court in Manhattan that he would […]

SBF’s FTX lieutenant Ryan Salame adds prison stint to LinkedIn resume

A lieutenant to FTX cryptocurrency fraudster Sam Bankman Freed made a light-hearted post on LinkedIn, teasing the difficult times ahead for him on the job. Ryan Salame, former co-CEO of FTX Digital Markets, was charged with making tens of millions of dollars in illegal campaign contributions to support Bankman Fried's political machinations. He is scheduled […]

SBF’s jury only saw ‘half the picture,’ lawyer says in appeal

The jury that convicted Sam Bankman Freed of stealing billions of dollars from clients of his crypto exchange, FTX, saw “only half the picture” because the judge denied key evidence, his lawyers argued in an appeal on Friday. In a 102-page brief filed with the U.S. Court of Appeals for the Second Circuit, Bankman Freed's […]

FTX ordered to pay $12.7B to customers after SBF’s massive fraud

A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to customers, the Commodity Futures Trading Commission announced in a statement on Thursday. In March, FTX founder Sam Bankman Freed was sentenced to 25 years in prison for stealing $8 billion from clients. “The order requires FTX to pay $8.7 […]