Dec 22 Judge sets $250M bond, house arrest for Sam Bankman-Fried, founder of FTX crypto exchange By Larry Neumeister, Associated Press The cryptocurrency entrepreneur Sam Bankman-Fried is expected to make his initial U.S. court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform. Continue reading
Dec 21 FTX founder extradited to U.S. to face charges By Ken Sweet, Associated Press Sam Bankman-Fried told a Bahamian court Wednesday that he has agreed to be extradited to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX. Continue reading
Dec 17 Analysis: Crypto companies’ ties to sports raise ethical questions By Eddie Pells, Associated Press The bankruptcy of FTX and the arrest of its founder and former CEO are raising new questions about the role celebrity athletes such as Tom Brady, Steph Curry, Naomi Osaka and others played in lending legitimacy to the largely unregulated landscape of crypto. Continue reading
Dec 17 Watch 5:13 The effects of FTX’s collapse on the cryptocurrency industry After reaching a peak market value of $3 trillion in 2021, cryptocurrencies have spent the better part of 2022 in a tailspin fueled by scandal, financial losses and a public perception crisis. This past week, crypto firm FTX’s founder Sam… Continue watching
Dec 14 WATCH: Senate hearing indicates regulation may be on the way for cryptocurrency By Glenn Gamboa, Associated Press Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday. However, new legislation is potentially on the way. Continue reading
Dec 13 Watch 4:47 News Wrap: Labor Department report shows inflation is slowing In our news wrap Tuesday, the U.S. economy is giving fresh hope that the worst of inflation may have passed, stocks surged on the inflation news then eased back to wait for Wednesday's interest rate decision, a French court convicted… Continue watching
Dec 13 Watch 8:38 FTX founder Sam Bankman-Fried indicted on battery of fraud charges By John Yang, Alexis Cox Federal prosecutors unveiled a battery of charges against Sam Bankman-Fried, founder of the bankrupt cryptocurrency exchange FTX. They include wire fraud, money laundering and lying to investors. Bankman-Fried was arrested Monday in the Bahamas just hours before he was scheduled… Continue watching
Dec 13 WATCH: Current FTX CEO says lax oversight, bad decisions caused failure By Glenn Gamboa, Associated Press The new CEO of the failed cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago. Continue reading
Dec 13 WATCH: U.S. Attorney’s office gives update on the arrest of FTX founder Sam Bankman-Fried By Ken Sweet, Associated Press U.S. prosecutors gave more details about the criminal charges filed against FTX founder Sam Bankman-Fried Tuesday, including an allegation that he made illegal campaign contributions totaling in the "tens of millions of dollars."… Continue reading
Dec 13 Former FTX CEO Bankman-Fried charged with wire fraud, money laundering By Ken Sweet, Associated Press Sam Bankman-Fried was also charged with violating campaign finance laws, a notable as Bankman-Fried was one of the largest political donors this year. Continue reading