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.
Wayne Jones
Alameda Boss Caroline Ellison Reports to Federal Prison for Role in FTX Scandal
Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel wro…
Bitcoin.com
FTX co-founder Gary Wang asks judge for no prison time
Sam Bankman-Fried’s college friend and FTX co-founder Gary Wang is asking a federal judge to spare him from a prison sentence a few days after FTX executive Nishad Singh was given no prison time. FTX co-founder Gary Wang is pleading…
Trisha Husada
FTX co-founder Gary Wang seeks to avoid prison time ahead of sentencing
FTX co-founder Gary Wang should not receive prison time, his lawyer argued in a sentencing memorandum filed on Wednesday.
Sarah Wynn
FTX Co Founder Gary Wang Appeals For No Jail Time, Here’s Why
FTX co-founder Gary Wang has requested a federal judge not to send him to prison. He noted that he is testifying against the former business partner, Sam Bankman-Fried, someone he has known for a long time in a fraud case. The lawyer for Wang submitted a sentencing memo in Manhattan federal court wh…
Kelvin Munene Murithi
These 2 Exchanges Lead in Bitcoin Reserve Growth Since FTX’s 2022 Collapse
Two years post-FTX, exchanges prioritize asset transparency but Coinbase remains the only major without a public Proof-of-Reserves report.
Chayanika Deka
U.S. Government Pushes to Recover $13.25 Million in Political Donations from FTX Executives
The post U.S. Government Pushes to Recover $13.25 Million in Political Donations from FTX Executives appeared first on Coinpedia Fintech News The FTX case has taken a new twist as the U.S. government seeks to recover $13.25 million in political donations made under the names of former FTX executives…
Mustafa Mulla
Judge Grants More Time For US Government To Negotiate FTX Donation Return
A U.S. federal judge has granted the government additional time to negotiate the return of up to $13.25 million in political donations made by former FTX executives Sam Bankman-Fried and Nishad Singh. Judge Lewis Kaplan, presiding over the case, approved the government’s request to extend negotiatio…
Ronny Mugendi
Investing $500 in these 3 altcoins could potentially turn into $50,000 in next supercycle
KuCoin faces a $50m lawsuit from FTX, raising concerns as analysts anticipate a 400% rally for SOL in Q4, while Lunex Network's DeFi exchange is set for a potential 100x surge at launch. #partnercontent
Guest Post
FTX eyes $21 million asset recovery through settlements with bank and charity organization
Bankrupt crypto exchange FTX has reached settlement agreements with Evolve Bank and Silicon Valley Community Foundation (SVCF) that could enable it to recover up to $21 million in assets. According to Oct. 30 court filings, these settlements still require court approval, with a hearing set for Nov. …
Oluwapelumi Adejumo
Former FTX Executive Nishad Singh Avoids Prison Time: Must Forfeit $11 Billion
TLDR: Nishad Singh, former FTX engineering head, received no jail time but 3 years supervised release Singh was a key witness against Sam Bankman-Fried, who got 25 years in prison Judge praised Singh’s “remarkable” cooperation with authorities Singh must forfeit $11 billion and helped recover assets…
Oliver Dale
Former FTX exec Nishad Singh avoids prison time after cooperating with authorities in crypto exchange collapse: reports
Nishad Singh, FTX's former engineering director, was sentenced on Wednesday after pleading guilty to criminal charges, including fraud.
Sarah Wynn