Sam Bankman-Fried takes his prison pills, Ryan Salame takes the fifth
The U.S. prosecutors filed another superseding indictment accusing SBF of stealing “billions of dollars” from FTX customers while Salame invoked his Fifth Amendment right.
The U.S. prosecutors filed another superseding indictment accusing SBF of stealing “billions of dollars” from FTX customers while Salame invoked his Fifth Amendment right.
The disgraced founder of the collapsed FTX digital asset exchange, is heading to jail for violating the terms of his bail, a U.S. federal judge has ordered.
As Sam Bankman-Fried strives to talk his way out of prison ahead of the October trial, his attempts may be hindered by Ryan Salame, whose efforts are now centered on saving face.
SBF was in Manhattan on July 26 trying to convince U.S. District Court Judge Lewis Kaplan not to tighten his bail conditions—a week after he leaked private writings of Caroline Ellison.
The letter to U.S. District Judge Lewis Kaplan says that SBF's conduct not only aims to harass Caroline Ellison but also "deter other potential trial witnesses from testifying."
It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by Deltec on behalf of unspecified corporate clients.
Readers should let Temasek's $275M loss be a cautionary tale: nothing is as it seems in the 'crypto' industry, as those it paints as heroes are often wolves in sheep's clothing.
Daniel Friedberg, who worked as an adviser of SBF from 2017 until FTX's implosion in 2022, faces charges over his alleged role as a "fixer" and for breaching his fiduciary duties.
John J. Ray III's second interim report indicates a solid reason to charge Friedberg over his alleged notorious history of covering up an insider cheating scandal, though doing so won't be easy.
The $44 billion claims sought by the IRS target the collapsed crypto empire of SBF, including entities such as West Realm Shires, Ledger Holdings, Paper Bird, and North Dimension, among others.
Sam Bankman-Fried appears to concede that charges of fraud and money laundering filed against him have merit as his attorneys filed pretrial motions to dismiss 10 of the 13 charges by the U.S. Department of Justice.
Though he played a central role in the company’s affairs, Ryan Salame has escaped the worst of the negative press directed at founder Sam Bankman-Fried and Alameda CEO Caroline Ellison.