SBF’s lawyers signal need to push back October criminal trial

Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense.

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Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit

It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer.

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US prosecutors seek to ban SBF from Signal after alleged witness contact

It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller.

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FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case

A third former FTX-linked executive is reportedly considering providing evidence against Sam Bankman-Fried in an attempt for a more lenient sentence.

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FTX Update: SBF Extradited and Released on Bail, Ellison and Wang Plead Guilty

After going back to US to face his cases, SBF was released on a $250M bail. While Alameda CEO Ellison and FTX co-founder Wang have pleaded guilty.

The post FTX Update: SBF Extradited and Released on Bail, Ellison and Wang Plead Guilty appeared first on BitPinas.

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Top 10 Crypto Billionaires: Who are the Richest in Crypto?

Who are the richest people in crypto? Here's a list from Forbes.

The post Top 10 Crypto Billionaires: Who are the Richest in Crypto? appeared first on BitPinas.

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FTX Co-Founder Gary Wang Appeals for Leniency Ahead of Sentencing: Report

Cooperation with prosecutors and aiding in Sam Bankman-Fried's conviction could sway the former FTX executive's fate.

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US govt points to Gary Wangs outstanding cooperation in FTX case

Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect potential illegal activity in crypto markets if sentenced to time served.

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FTX financial controls were a ‘hodgepodge’ of apps, says court filings

FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III. In an April 9 court filing in a Delaware Bankruptcy Court, John J [...]

The post FTX financial controls were a ‘hodgepodge’ of apps, says court filings appeared first on Crypto Breaking News.

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FTX’s former law firm hit with lawsuit alleging it set up shadowy entities

The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.

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