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FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

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NEW YORK, Jan 28 (Reuters) – Legal professionals for Sam Bankman-Fried on Saturday urged a U.S. choose to not ban the indicted FTX cryptocurrency govt from speaking with former colleagues as a part of his bail, saying prosecutors “sandbagged” the method to place their shopper within the “worst potential mild.” The attorneys have been responding … Read more

Feds seized almost $700 million from FTX founder Bankman-Fried

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Jan 20 (Reuters) – Federal prosecutors have seized almost $700 million in belongings from FTX founder Sam Bankman-Fried in January, largely within the type of Robinhood inventory, based on a Friday courtroom submitting. Bankman-Fried, who has been accused of stealing billions of {dollars} from FTX clients to pay money owed incurred by his crypto-focused hedge … Read more

Crypto lender Genesis getting ready to file for chapter, Bloomberg Information experiences

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Jan 18 (Reuters) – Cryptocurrency lender Genesis International Capital is planning to file for chapter as quickly as this week, Bloomberg Information reported on Wednesday, citing individuals with information of the state of affairs. A chapter submitting has been anticipated for weeks, after the corporate froze buyer redemptions on Nov. 16 following the downfall of … Read more

U.S. decide says Celsius Community owns most buyer crypto deposits

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Jan 4 (Reuters) – A U.S. chapter decide dominated on Wednesday that Celsius Community owns a lot of the cryptocurrency that prospects deposited into its on-line platform, that means most Celsius prospects can be final in line for reimbursement within the crypto lender’s chapter. The ruling by U.S. Chapter Choose Martin Glenn in New York … Read more

Unique: FTX’s former prime lawyer aided U.S. authorities in Bankman-Fried case

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Jan 5 (Reuters) – FTX’s former prime lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they examine the crypto agency’s collapse, a supply aware of the matter mentioned, including strain on founder Sam Bankman-Fried who was arrested on felony fraud prices final month. Friedberg gave particulars about FTX in a Nov. 22 assembly with … Read more

Sam Bankman-Fried to enter plea in FTX fraud case

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NEW YORK, Dec 28 (Reuters) – Sam Bankman-Fried is anticipated to enter a plea subsequent week to felony costs he defrauded buyers and looted billions of {dollars} in buyer funds at his failed FTX cryptocurrency change. The 30-year-old is anticipated to be arraigned on the afternoon of Jan. 3, 2023, earlier than U.S. District Decide … Read more

Bankman-Fried, FTX execs obtained billions in hidden loans, ex-Alameda CEO says

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NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and different FTX executives obtained billions of {dollars} in secret loans from the crypto mogul’s Alameda Analysis, the hedge fund’s former chief advised a decide when she pleaded responsible to her position within the change’s collapse. Caroline Ellison, former chief govt of Alameda Analysis, mentioned she agreed … Read more

Core Scientific recordsdata for chapter as crypto winter bites

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Dec 21 (Reuters) – Core Scientific Inc (CORZ.O), one of many largest publicly traded cryptocurrency mining firms in the USA, mentioned on Wednesday it filed for Chapter 11 chapter safety, the newest in a string of failures to hit the sector. Austin, Texas-based Core Scientific attributed its chapter to slumping bitcoin costs, rising vitality prices … Read more

FTX’s Bankman-Fried indicators extradition papers as Wednesday listening to looms

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NASSAU, Dec 20 (Reuters) – FTX founder Sam Bankman-Fried has signed authorized papers paving the way in which for his extradition from The Bahamas to the US, the place he faces fraud prices over the cryptocurrency change’s collapse, a Bahamas official mentioned on Tuesday. Doan Cleare, The Bahamas’ performing commissioner of Corrections, advised Reuters the … Read more

Unique: Sam Bankman-Fried to reverse determination on contesting extradition

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Dec 17 (Reuters) – Former FTX Chief Govt Sam Bankman-Fried is predicted to seem in court docket within the Bahamas on Monday to reverse his determination to contest extradition to the USA, the place he faces fraud fees, an individual conversant in the matter stated on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal … Read more