Browsing: Sam Bankman-Fried
The crypto exchange OKX has committed to cooperate and return over $157 million in frozen FTX funds to the bankruptcy team.
According to court filings on Friday, the US Government is looking to take possession of assets worth nearly $700 million that were confiscated earlier this month from former FTX CEO Sam Bankman-Fried.
According to a court filing, the US Department of Justice (DOJ) has, through a holding company, seized more than 55 million shares of Robinhood (HOOD) held by Sam Bankman-Fried and FTX co-founder Gary Wang. Based on HOOD’s closing price of $8.25 on Friday, these shares are worth just over $456 million.
The US prosecutors have urged FTX victims to send them an email. The prosecutors also launched a website where they can communicate with the victims.
In his first court appearance since being extradited from the Bahamas, Sam Bankman-Fried was told he can live with his parents on $250 million bail secured by their Palo Alto house.
The SEC General Counsel has announced that he will depart the agency in January. Berkovitz reportedly had at least one recent dinner with former FTX CEO – Sam Bankman-Fried.
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to charges tied to FTX’s collapse, U.S. Attorney Damian Williams announced Wednesday night.
Sam Bankman-Fried, in a recent interview with Forbes, claimed that he got played by CZ Binance. He believes FTX fell from the top of the world because of an evil plan orchestrated by his rival Changpeng Zhao.
The crypto community was not pleased with Bankman Fried’s refusal to appear before the Congress on December 13 despite a blitz of media appearances
Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community-this time over his slated appearance at an upcoming New York City conference on Nov. 30.