FTX
Cryptocurrency exchange
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FTX Trading Ltd., commonly known as FTX, is a bankrupt company that formerly operated a fraud-ridden cryptocurrency exchange and crypto hedge fund. The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang. At its peak in July 2021, the company had over one million users and was the third-largest cryptocurrency exchange by volume. As of November 2022, FTX was the third-largest digital currency exchange boasting an active trading volume of USD 10 billion and a valuation of USD 32 billion. FTX is incorporated in Antigua and Barbuda and headquartered in the Bahamas. FTX is closely associated with FTX.US, a separate exchange available to US residents.
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![Sam Bankman-Fried Speaks Out After Sentencing [Video]](https://video.newsserve.net/300/v/20240401/1371536820-Sam-Bankman-Fried-Speaks-Out-After-Sentencing.jpg) Sam Bankman-Fried Speaks Out After Sentencing Credit: Wibbitz Top Stories Duration: 01:31Published | |
![Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud [Video]](https://video.newsserve.net/300/v/20240328/1371232002-Sam-Bankman-Fried-Sentenced-to-25-Years-for.jpg) Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud Credit: Wibbitz Top Stories Duration: 01:30Published | |
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FTX Founder Sam Bankman-Fried Get 25-Year Sentence for Crypto FraudFTX founder Sam Bankman-Fried is going away for a long time ... the judge hit him with a 25-year sentence for scamming customers and investors in his federal cryptocurrency fraud case. Judge Lewis..TMZ.com - Published | |
FTX Founder Sam Bankman-Fried Found Guilty In Crypto Fraud CaseFTX founder Sam Bankman-Fried is not going to the moon, instead he appears headed for prison ... he's been found guilty on all counts against him in his federal cryptocurrency fraud case. Federal law..TMZ.com - Published | |
Sam Bankman-Fried convicted of defrauding cryptocurrency customersFTX founder Sam Bankman-Fried has been found guilty of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record.Sky News - Published | |
'An empire built on lies': Sam Bankman-Fried stole over $10bn from FTX customers, jury toldThe trial of embattled crypto executive Sam Bankman-Fried has begun - with prosecutors claiming he stole more than $10bn (£8.2bn) from unsuspecting customers.Sky News - Published | |
Bankrupt crypto exchange sues parents of company's founder over 'misappropriated funds'The parents of a man who founded a cryptocurrency exchange which later went bankrupt are being sued by the company, alleging the pair syphoned off millions of dollars from FTX's funds to enrich..Sky News - Published | |
Sam Bankman-Fried has bail revoked for alleged witness tamperingDisgraced FTX founder Sam Bankman-Fried has had his $250m (£197m) bail revoked and has been sent to jail after alleged witness tampering.Sky News - Published | |
Disgraced FTX founder hit with another chargeDisgraced FTX founder Sam Bankman-Fried has been charged with bribing Chinese officials with payments of $40m (£32.4m).Sky News - Published | |
British investor who lost £1m in FTX collapse among 13 people to make reports to police A British investor said to have lost £1m in the collapse of cryptocurrency trading platform FTX is among 13 people to have made fraud reports to UK police.Sky News - Published | |
Disgraced FTX founder pleads not guilty to fraudDisgraced FTX founder Sam Bankman-Fried has pleaded not guilty to stealing billions of dollars of customer money in his first court appearance since he was released on a record $250m pretrial bail.Sky News - Published | |
Sam Bankman-Fried Met With White House Staffers Before His Fraud ArrestSam Bankman-Fried reportedly held 4 meetings with members of President Joe Biden's cabinet in 2022 before his FTX empire collapsed, leading to his arrest on federal fraud charges. The disgraced "Crypto..TMZ.com - Published | |
FTX's Sam Bankman-Fried Should Listen To Rap Before Prison, Says 'Pharma Bro'Disgraced FTX founder Sam Bankman-Fried must be worried about serious prison time for his multiple fraud charges ... but have no fear -- because "Pharma Bro" Martin Shkreli's advice is to listen to..TMZ.com - Published | |
FTX collapse shows crypto is 'too dangerous' not to regulate - Bank of England Cryptocurrency trading is "too dangerous" to remain outside mainstream financial regulation and could pose "a systemic problem" without action, the deputy governor of the Bank of England has warned.Sky News - Published | |
Shaquille O'Neal says 'I don't understand crypto' after being named in lawsuit over FTX collapse The American basketball legend Shaquille O'Neal has defended his appearance in ads for the collapsed cryptocurrency firm FTX, arguing he was "just a paid spokesperson".Sky News - Published | 'I've had a bad month': How FTX founder went from star-studded £21bn empire to being charged "I've had a bad month."Sky News - Published |
FTX Founder Sam Bankman-Fried Arrested In Bahamas, U.S. Files Criminal ChargesFormer cryptocurrency billionaire Sam Bankman-Fried has been arrested in the Bahamas ... and it appears his legal woes are only gonna get worse, with expected criminal charges in the United States...TMZ.com - Published | Founder of bankrupt crypto firm FTX arrested in BahamasPolice in the Bahamas have arrested Sam Bankman-Fried, the founder of bankrupt crypto firm FTX, after criminal charges were filed against him in the US.Sky News - Published |
Mark Cuban Not Jumping Ship On Crypto Amid FTX ScandalFTX might be doomed, but Mark Cuban isn't giving up on crypto just yet ... telling TMZ Sports there's still a ton of value in the digital currency, despite the exchange's massive crisis. We spoke with..TMZ.com - Published | Celebrities named in lawsuit against failed crypto exchange FTX Celebrities including NFL star Tom Brady and comedian Larry David have been named in a class-action lawsuit against cryptocurrency exchange FTX, accusing them of being culpable for promoting the failed..Sky News - Published |
Crypto crisis deepens with values suffering heavy losses after Binance U-turns on FTX bailout Bitcoin hovered just above a two-year low overnight and other cryptocurrencies suffered heavy losses as FTX teetered on the brink of collapse.Sky News - Published | |
