Tether celebrates ‘profits’ but market manipulation lawsuit won’t go away
Tether recently issued its latest attestation report on the reserve assets allegedly backing up the over $113 billion in circulating USDT tokens as of June 30.
Latest Alameda Research News
Suddenly abundant BTC token’s fiat crash wreaking havoc on miners
The BTC token suffered another serious dip in fiat value, spurred by selling pressure from Germany’s government and the Mt Gox liquidators wrapping up their decade-long recovery process.
FTX’s Ryan Salame gets 90 months in prison, tweets ‘trust me, bro’
The 7.5-year sentence that U.S. District Judge Lewis Kaplan imposed was higher than the five to seven years prosecutors had recommended in their pre-sentencing memo.
FTX founder Sam Bankman-Fried sentenced to 25 years in prison
Sam Bankman-Fried has been sentenced to 25 years in prison for the criminal fraud that led to the downfall of his FTX exchange and the theft of billions of dollars from his former customers.
Sam Bankman-Fried escapes second trial; Binance’s Changpeng Zhao can’t escape US custody
FTX's Sam Bankman-Fried won't face a second trial for bribing Chinese officials, while Binance's Changpeng Zhao's bid to return to Dubai has been rejected for the second time.
FTX founder Sam Bankman-Fried found guilty on 7 charges
Crypto's former wonder boy Sam Bankman-Fried could see himself landing in jail for 115 years after being found guilty of seven counts of fraud and conspiracy, with his sentencing set in March 2024.
PROOF Act: US senators introduce bipartisan proof of reserves bill
Under the U.S. bipartisan bill PROOF Act, the results of monthly PoR inspections would be submitted to the Department of the Treasury, which would then be required to post the information publicly.
Sam Bankman-Fried’s court testimony is fastening his own noose
SBF's attempt to portray himself as the smartest man in the courtroom seemingly led to failure, with his legal team getting frustrated as he went off the script during Thursday's testimony.
Sam Bankman-Fried’s trial is going about as well as expected
The prosecution may wind up its case when Sam Bankman-Fried's trial resumes on October 26, after which SBF’s team will have a week to 10 days to present its case.
Sam Bankman-Fried’s lawyers botch cross-examination of Caroline Ellison
Ex-Alameda CEO Caroline Ellison was grilled by SBF's legal camp following her testimony, and while several intriguing questions have been asked, none dealt a serious blow.
Caroline Ellison says Sam Bankman-Fried directed her to commit crimes
Testifying before the court, former Alameda CEO Caroline Ellison claims Sam Bankman-Fried "directed" her into committing the crimes, which include siphoning "several billions of dollars" from FTX customers.
How FTX’s Sam Bankman-Fried spent his summer vacation: screwing the pooch
The U.S. Court of Appeals for the Second Circuit rejected Sam Bankman-Fried’s bid to secure release from the Manhattan Detention Center ahead of the October 3 start of his criminal trial.