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The Latest Breaking News from Alameda Research

FTX Sues Crypto Exchange Binance For $1.8 Billion

FTX is suing Binance and its former CEO, Changpeng Zhao, for $1.8 billion, accusing them of engaging in a fraudulent share deal in July 2021.

International Business Times

US Government-Linked Wallet Converts Seized Alameda $ANT To $ETH Ahead Of AragonDAO Deadline

The digital wallet that held cryptocurrencies seized from collapsed Alameda Research has converted its $ANT tokens into $ETH, two days shy of the deadline set by AragonDAO for token redemption.

International Business Times

Former FTX Executives Sentenced In Cryptocurrency Fraud Case

Former FTX executive sentenced to prison for fraud, aiding in conviction of founder. Case highlights cryptocurrency industry complexities and commitment to...

Top News

Sam Bankman-Fried encouraged Adderall use says ex-girlfriend Caroline Ellison in bid to avoid prison

The former Alameda Research CEO asked prosecutors for no prison time ahead of her sentencing later in September.

Fortune

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US Orders FTX, Alameda To Pay $12.7 Bn To Victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

International Business Times

Collapsed FTX exchange plans to repay investors - this could be a fresh start for crypto

Collapsed cryptocurrency exchange FTX recently announced that the majority of creditors who lost money in its bankruptcy scandal will be repaid their missing funds. This has become possible now – 18 months after the business filed for bankruptcy – because FTX and sister company Alameda Research have raised cash by…

The Conversation

Sam Bankman-Fried appeals FTX fraud convictions and 25-year prison sentence

Ex-CEO and former crypto mogul, 32, was found guilty of seven counts of fraud and conspiracy to launder money in November

The Guardian - US

Inside the sentencing hearing of FTX founder Sam Bankman-Fried

The disgraced mogul will likely be behind bars for decades.

Axios

FTX timeline: Behind crypto mogul SBF's meteoric rise and fall

U.S. prosecutors are seeking 40 to 50 years in prison for Bankman-Fried.

Axios

Sam Bankman-Fried is going to prison. The crypto industry isn’t any better for it

There have been no changes since the ex-mogul’s conviction as lawmakers fail to pass regulations to protect the public

The Guardian - US

Sam Bankman-Fried to be sentenced for multibillion-dollar fraud this week

Former FTX CEO faces up to 100 years in prison should the judge hand out the harshest penalty

The Guardian - US

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The Guardian - US

The rise and fall of Sam Bankman-Fried: an unrepentant ex-mogul faces down decades in prison

The former CEO of FTX, once a king of cryptocurrency, saw a swift reversal of his fortunes starting in November 2022

International Business Times

FTX-Linked Crypto Hedge Fund LedgerPrime Reboots As MNNC Group: Report

LedgerPrime, which was forced to wind down when FTX crumbled late in 2022, has returned under a new name and is looking to duplicate or surpass its achievements during its peak.

International Business Times

FTX Warns Of Potential Delay In Customers' Compensation Amid IRS' $24B Tax Claim

FTX, in its filing to a Delaware court, called the IRS' tax claim "meritless."

The Guardian - UK

How did Sam Bankman-Fried attract investors? Well, Fomo probably helped

The cryptocurrency fraudster talked a lot of venture capitalists into pouring millions of dollars into his business. Maybe they should be more careful next time

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The Conversation

Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here's what investors need to know

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than…

The Guardian - US

Dramatic fall for Sam Bankman-Fried and ‘unkempt visionary’ persona

Jury did not believe T-shirt, cargo shorts and messy hair could prevent someone defrauding people out of billions of dollars

The Independent UK

When will Sam Bankman-Fried be sentenced?

Crypto billionaire Sam Bankman-Fried faces a maximum sentence of 110 years in prison

The Independent UK

How Sam Bankman-Fried’s ex-girlfriend helped topple the crypto king

Sam Bankman-Fried is staring down 25 years behind bars after he was convicted on all charges at his fraud trial. His former girlfriend – and accomplice – Caroline Ellison played a key role in bringing him down. Martha McHardy reports

Al Jazeera

What to know about the Sam Bankman-Fried trial verdict

The FTX founder has been found guilty on seven charges, and he may face decades in prison.

The Street

Sam Bankman-Fried faces decades in prison following swift conviction in FTX fraud trial

"The cryptocurrency industry might be new. The players like Sam Bankman-Fried might be new, but this kind of fraud, this kind of corruption is as old as time and we have no patience for it," said U.S. attorney Damian Williams.

The Independent UK

From crypto king to convicted fraudster: Sam Bankman-Fried’s spectacular fall from grace

The once-hailed ‘boy wonder’ of the crypto industry rose to prominence after founding trading firm Alameda Research in 2017 at the age of 25. So what went wrong? Bevan Hurley looks back at Bankman-Fried’s remarkable rise – and even more dramatic fall as he begins his 25-year prison sentence

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