FTX

As the criminal trial against Sam Bankman-Fried, founder of cryptocurrency platform FTX, over allegations of misusing billions in client funds began, the first witness for the prosecution was Marc-Antoine Julliard, a London-based cocoa bean trader who invested $100,000 in FTX and lost it...

The 10 richest people in the world are worth $100 billion or more. Many on the list are over the age of 50 and have years of experience founding and leading companies, including Elon Musk who tops the list with a wealth of more than $200 billion. Here’s a look at the youngest members of...

The trial of Sam Bankman-Fried, the controversial co-founder of the now-defunct crypto exchange FTX (CRYPTO: FTT), is underway with the initial phase of juror selection and assessment. This process, overseen by U.S. District Judge Lewis Kaplan, continued into its second day after some...

Despite the collapse of FTX and the downfall of its co-founder Sam Bankman-Fried, investor confidence in the apex cryptocurrency stands strong as the price of Bitcoin (CRYPTO: BTC) has rallied over 60% since his arrest. What Happened: Once a major Democratic donor, a...

The initial day of the highly-anticipated trial involving Sam Bankman-Fried concluded without a final jury being selected. The process is set to continue, with the final selection expected to be completed soon. What Happened: According to a report by CryptoSlate on Tuesday, the U.S. District Court...

Former cryptocurrency magnate Sam Bankman-Fried has initiated legal action against his insurer Continental Casualty Company (CNA), accusing them of not covering his legal expenses tied to his fraud defense. As Bankman-Fried appeared in court Tuesday, denying any fraudulent activities,...

Sam Bankman-Fried faces his trial today amidst a whirlwind of charges. The disgraced founder of FTX (CRYPTO: FTT), once one of the world's leading cryptocurrency exchanges, has been under scrutiny for alleged financial misconduct. Bankman-Fried's arrest sent shockwaves through the crypto...

A class-action lawsuit has been lodged against cryptocurrency exchange Binance and its CEO, Changpeng Zhao, on Monday. The plaintiff, a California resident, accuses Binance and Zhao of activities that reportedly led to the downfall of rival exchange FTX. What Happened: Binance and Zhao are alleged...

Despite losing fortunes in the fall of FTX, a number of customers are showing unwavering faith in cryptocurrency. In a recently released documentary, many FTX customers remain optimistic about the future of cryptocurrency, according to a report by CNBC. FTX, once a leading global...

FTX's founder, Sam Bankman-Fried, maintained strong ties with many influential figures in the realms of politics and business, however, his most prominent connection seemed to be in the sports domain. Despite not being an avid sports enthusiast and having a penchant for video games such as...

The U.S. Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the erstwhile auditor of the cryptocurrency exchange FTX (CRYPTO: FTT) accusing him of professional misconduct and non-compliance with the standards set by the Public Company Accounting...

In what has been labeled one of the biggest financial frauds in U.S. history, FTX founder Sam Bankman-Fried is set to go on trial this week. Caroline Ellison, Bankman-Fried’s ex-girlfriend and his top lieutenant is expected to be a star witness at the trial. Ellison has previously admitted...

O'Shares Investment Advisors chairman and renowned "Shark Tank" investor Kevin O'Leary recently shared insights about a new exchange that could potentially overshadow giants like Binance and FTX due to its regulatory compliance. What Happened: During an...

Before its collapse, FTX, a leading cryptocurrency exchange, and its founder Sam Bankman-Fried reportedly splurged millions on chartered private jets for travel and package deliveries. What Happened: FTX shelled out an estimated $15 million on private jet services, specifically...

A substantial amount of Ethereum (CRYPTO: ETH), previously connected to an FTX account drainer, has started showing activity. What Happened: According to the blockchain data, about 2,500 ETH, worth over $4 million, started moving on Saturday.  The funds were split into two and a few more...