WEATHER ALERT
Tearful Caroline Ellison gets 2 years in prison over her role in FTX fraud
Read full article: Tearful Caroline Ellison gets 2 years in prison over her role in FTX fraudA former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire has been sentenced to two years in prison for participating in what a prosecutor said was one of the largest recent financial frauds in U.S. history.
Sam Bankman-Fried's lawyers claim in an appeal that he was judged too quickly
Read full article: Sam Bankman-Fried's lawyers claim in an appeal that he was judged too quicklyLawyers for Sam Bankman-Fried have filed an appeal claiming that the imprisoned FTX founder was the victim of a rush to judgment by a public that wrongly believed he was guilty before he was even arrested.
Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing
Read full article: Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencingCaroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month.
Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison
Read full article: Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prisonA federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison.
A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
Read full article: A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTXSam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX was sentenced to 25 years in prison after being convicted of fraud for stealing at least $10 billion from customers and investors.
Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud
Read full article: Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraudFederal prosecutors are asking a New York judge to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.”.
Prosecutor cites ‘pyramid of deceit’ in urging jury to convict FTX founder Sam Bankman-Fried
Read full article: Prosecutor cites ‘pyramid of deceit’ in urging jury to convict FTX founder Sam Bankman-FriedIn a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder
Read full article: Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founderA prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year.
FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud
Read full article: FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraudFTX founder Sam Bankman-Fried has finished his first day of testimony at his fraud trial after saying the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
Caroline Ellison, saying Sam Bankman-Fried corrupted her values, found relief when truth came out
Read full article: Caroline Ellison, saying Sam Bankman-Fried corrupted her values, found relief when truth came outSam Bankman-Fried's former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets.
Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury
Read full article: Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jurySam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history.
FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to public
Read full article: FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to publicFTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year.
Jury sees FTX ads with Tom Brady, Larry David, as fraud case is rolled out against Sam Bankman-Fried
Read full article: Jury sees FTX ads with Tom Brady, Larry David, as fraud case is rolled out against Sam Bankman-FriedSplashy advertising featuring football star Tom Brady and comedian Larry David was shown to jurors as prosecutors launched a historic fraud case against cryptocurrency maven Sam Bankman-Fried.
Jury selection begins in trial of fallen cryptocurrency mogul Sam Bankman-Fried
Read full article: Jury selection begins in trial of fallen cryptocurrency mogul Sam Bankman-FriedSam Bankman-Fried's trial on charges that he defrauded thousands of customers and investors in his FTX digital coin exchange began with a full day of jury selection.
Testimony from Sam Bankman-Fried's trusted inner circle will be used to convict him, prosecutors say
Read full article: Testimony from Sam Bankman-Fried's trusted inner circle will be used to convict him, prosecutors sayProsecutors say they'll use testimony from FTX founder Sam Bankman-Fried's “trusted inner circle” of former executives at his collapsed cryptocurrency empire against him at an October trial.
FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong
Read full article: FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrongLawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”.
Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial
Read full article: Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trialProsecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm.
Sam Bankman-Fried could face 2 criminal trials, with prosecution on some charges delayed until 2024
Read full article: Sam Bankman-Fried could face 2 criminal trials, with prosecution on some charges delayed until 2024FTX founder Sam Bankman-Fried may face two criminal trials after a federal judge granted a request by prosecutors to delay a trial on some of the charges until next year.
Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless
Read full article: Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritlessNew York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund.
FTX founder Bankman-Fried charged with paying $40M bribe to Chinese officials
Read full article: FTX founder Bankman-Fried charged with paying $40M bribe to Chinese officialsFTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday.
FTX founder Bankman-Fried charged with paying $40M bribe
Read full article: FTX founder Bankman-Fried charged with paying $40M bribeA new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business.
Judge suggests jail to limit FTX founder's communications
Read full article: Judge suggests jail to limit FTX founder's communicationsA federal judge is showing growing impatience with FTX founder Sam Bankman-Fried's use of the internet while on bail, suggesting that incarceration might eventually be the most effective way to prevent him from communicating on electronic devices in ways that can’t be traced.
FTX founder's bail signatories include 2 family friends
Read full article: FTX founder's bail signatories include 2 family friendsTwo Stanford University academics signed on to FTX founder Sam Bankman-Fried's $250 million bail package, enabling him to live with his parents while awaiting trial on fraud charges.
Sam Bankman-Fried summoned to NYC by judge over bail rules
Read full article: Sam Bankman-Fried summoned to NYC by judge over bail rulesFTX founder Sam Bankman-Fried has been ordered to return to a New York courtroom Thursday after the judge assigned to his fraud case said he's communicating with others in ways the government can't monitor.
Year after 'Crypto Bowl,' crypto ads vanish from big game
Read full article: Year after 'Crypto Bowl,' crypto ads vanish from big gameCryptocurrency companies grabbed the spotlight during the 2022 Super Bowl, with commercials from a handful of newcomers to advertising’s biggest stage: FTX, Coinbase, Crypto.
FTX founder heads to court after judge rejects bail request
Read full article: FTX founder heads to court after judge rejects bail requestFTX founder Sam Bankman-Fried will be in a New York courtroom Thursday for a bail-related hearing despite his lawyers claims that they've settled their differences with prosecutors.
FTX's Sam Bankman-Fried, DOJ tussle over his communications
Read full article: FTX's Sam Bankman-Fried, DOJ tussle over his communicationsFederal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers.
Crypto firms acted like banks, then collapsed like dominoes
Read full article: Crypto firms acted like banks, then collapsed like dominoesOver the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.
FTX founder Sam Bankman-Fried pleads not guilty to fraud
Read full article: FTX founder Sam Bankman-Fried pleads not guilty to fraudFTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
Associates of FTX founder plead guilty to criminal charges
Read full article: Associates of FTX founder plead guilty to criminal chargesA federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges in cooperation deals related to the collapse of the cryptocurrency exchange FTX.
Hearing on FTX founder's extradition to US set for Wednesday
Read full article: Hearing on FTX founder's extradition to US set for WednesdaySam Bankman-Fried will have a hearing Wednesday in a Bahamian court on his possible extradition U.S. in the coming days to face criminal charges related to the collapse of cryptocurrency exchange FTX.
FTX founder agrees to extradition to US, attorney says
Read full article: FTX founder agrees to extradition to US, attorney saysSam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas.
Senate crypto hearing yields big claims, possible regulation
Read full article: Senate crypto hearing yields big claims, possible regulationWhether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday.
Miami was once coined the ‘crypto capital’ by its mayor, but how are things looking now?
Read full article: Miami was once coined the ‘crypto capital’ by its mayor, but how are things looking now?The crypto-currency world has been shaken following the arrest of Sam Bankman-Fried, the founder of crypto company FTX.
Former FTX CEO Bankman-Fried says he will testify to Congress
Read full article: Former FTX CEO Bankman-Fried says he will testify to CongressThe former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say and that he “won't be as helpful” as he’d like to be.
$740M in crypto assets recovered in FTX bankruptcy so far
Read full article: $740M in crypto assets recovered in FTX bankruptcy so farThe company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers.
Miami-Dade asks for right to remove FTX name from Heat arena
Read full article: Miami-Dade asks for right to remove FTX name from Heat arenaMiami-Dade County has asked a federal bankruptcy court for immediate permission to end its naming rights deal with FTX and strip that brand off the arena where the NBA’s Miami Heat play.
Exec who cleaned up Enron calls FTX collapse ‘unprecedented’
Read full article: Exec who cleaned up Enron calls FTX collapse ‘unprecedented’The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said he has never seen such a “complete failure” of corporate control.
Tom Brady, Larry David, other celebrities named in FTX suit
Read full article: Tom Brady, Larry David, other celebrities named in FTX suitA host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model.
House panel to hold hearing on crypto exchange FTX collapse
Read full article: House panel to hold hearing on crypto exchange FTX collapseLawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars.
Funds vanish at bankrupt crypto exchange FTX; probe underway
Read full article: Funds vanish at bankrupt crypto exchange FTX; probe underwayCollapsed cryptocurrency trading firm FTX is confirming there was unauthorized access to its accounts just hours after the company filed for bankruptcy protection.
Miami Heat’s home arena will get new name after FTX collapse
Read full article: Miami Heat’s home arena will get new name after FTX collapseThe arena where the Miami Heat play will soon have a new name, after the team and Miami-Dade County decided Friday to begin actions to terminate their relationship with FTX on the same day that the cryptocurrency exchange filed for bankruptcy.
After FTX flounders, what becomes of Miami arena naming deal?
Read full article: After FTX flounders, what becomes of Miami arena naming deal?Cryptocurrency giant FTX filed for bankruptcy Friday, leaving a number of unanswered questions, including a big one here in South Florida: what will happen to its naming rights deal for Miami’s FTX Arena and the money it was set to pay Miami-Dade County over the next two decades?
Miami-Dade ‘monitors’ uncertain future of FTX amid $135M arena naming rights deal
Read full article: Miami-Dade ‘monitors’ uncertain future of FTX amid $135M arena naming rights dealThe name of the home of the Miami Heat could change sooner than planned if FTX is unable to abide by a deal with Miami-Dade County to pay $135 million over 19 years.
Formula 1 Miami 2022: South Beach watch party includes simulator
Read full article: Formula 1 Miami 2022: South Beach watch party includes simulatorThere is a Formula 1 celebration in South Beach. FTX, the Mercedes-AMG Petronas F1 Team, and IWC Schaffhausen are co-hosting a three-day festival starting on Friday at the beach along Ocean Drive.
Everyone seated at the Miami Heat season opener received a free cryptocurrency NFT
Read full article: Everyone seated at the Miami Heat season opener received a free cryptocurrency NFTEvery fan seated inside of the arena was greeted by a T-shirt by FTX, a U.S.-regulated cryptocurrency platform. However, these weren’t ordinary game-day shirts — each shirt had a scannable QR bar code on the back that, if unlocked, awarded the person with a limited edition, FTX Arena NFT.
FTX’s first real estate partnership will be with E11EVEN Hotel & Residences Miami
Read full article: FTX’s first real estate partnership will be with E11EVEN Hotel & Residences MiamiFTX, a U.S.-regulated cryptocurrency platform (that is slowly becoming a part of Miami’s vernacular due to becoming the new name of Miami Heat’s arena, FTX Arena), is making headlines once again — the company has announced its first real estate partnership will be with E11EVEN Hotel & Residences Miami.
NBA still needs to approve Miami-Dade’s $135M deal with FTX to rename Miami Heat’s home
Read full article: NBA still needs to approve Miami-Dade’s $135M deal with FTX to rename Miami Heat’s homeIf the NBA approves a new deal, the AmericanAirlines Arena, also known as the “Triple-A” or AAA, will be the FTX Arena until 2040. The change in naming rights is part of a $135 million deal that Miami-Dade County commissioners approved on Friday. Garcia said that although the motive is related to marketing, FTX put conditions on how the money needs to be spent. Alameda Research, a quantitative trading firm founded in 2017, backs the international cryptocurrency exchange, which is associated with FTX US. Sam Bankman-Fried, the chief executive officer of FTX, released a statement saying the FTX family “is thrilled” about the “partnership” because FTX isn’t just putting a name on an iconic building.
New naming rights agreement for Miami Heat arena gives county $5 million annual increase on old deal
Read full article: New naming rights agreement for Miami Heat arena gives county $5 million annual increase on old dealMIAMI – The iconic plane on the roof of American Airlines Arena could soon be a thing of the past. FTX is a leading cryptocurrency exchange that was willing to pay major bucks for the exposure. Local 10 News obtained Miami-Dade County Mayor Daniella Levine Cava’s memo about the change, which shows it is a $135 million naming rights deal. American Airlines was paying about $2 million annually until their agreement expired last year. AdRELATED LINKGet to know FTX: Miami Heat arena close to finalizing new name
Get to know FTX: Miami Heat arena close to finalizing new name
Read full article: Get to know FTX: Miami Heat arena close to finalizing new nameMIAMI – AmericanAirlines Arena is about to be flying away for good. The Miami Heat’s home arena on Biscayne Bay will be renamed FTX Arena, pending approval of the Miami-Dade County Board of County Commissioners at a special meeting Friday. Miami-Dade County, which negotiated the agreement with FTX in coordination with the Heat, announced the agreement in principle of a 19-year partnership Tuesday. The county is expected to get about $90 million over the 19 years after deducting payments to the Heat and other expenses. Ad“The entire FTX family is thrilled to partner with Miami-Dade County and the Heat,” FTX CEO Sam Bankman-Fried said in a statement.