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The Latest Breaking News from FTX

Sam Bankman-Fried’s ex says the ‘brain is truly bad at understanding big numbers’ as she gets 2 years for FTX fraud

Appreciative prosecutors said Ellison’s cooperation was “critical to indict and convict” on-again, off-again lover and disgraced FTX boss Sam Bankman-Fried, who is now serving 25 years in prison

The Independent UK

Caroline Ellison wrote a Bridgerton-esque romance novel while waiting to be sentenced over FTX

She’s also helped her professor parents write a math textbook, and another novel is in the works, her mother wrote in a testimony.

Fortune

Diddy and Sam Bankman-Fried are sharing a prison cell

The disgraced celebrities have reportedly been moved to the same unit of the Metropolitan Detention Center as they await ongoing trials.

Fortune

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Caroline Ellison sentenced to two years after serving as star witness against FTX’s Sam Bankman-Fried

Ex-Alameda CEO and ex-girlfriend of fallen crypto mogul pleaded guilty, but prosecutors requested lenient sentence

The Guardian - US

Former FTX Executive Faces Sentencing After Fraud Conviction

Former FTX executive Caroline Ellison faces sentencing for fraud after cooperating in trial against founder. Prosecutors seek leniency for her role.

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

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing

Caroline 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

The Independent UK

New campaign finance violation case illustrates that the FTX criminal saga may be far from over after DOJ charges crypto lobbyist

The Department of Justice charged crypto lobbyist Michelle Bond with illegally financing her congressional campaign with FTX funds.

Fortune

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International Business Times

Former FTX Exec's Partner Michelle Bond Charged For Campaign Finance Violations

Michelle Bond, largely known for her congressional bid in 2022, has been indicted over charges related to illegal financing of her campaign – she received $400,000 from defunct crypto exchange FTX.

International Business Times

EXCLUSIVE: Former Binance Policy Chief Talks New Bitget Role, International Compliance, Constructive Regulation

Hon Ng was recently appointed as Bitget's Chief Legal Officer, and he is more than ready to help Bitget become a leader in compliance and regulatory collaboration efforts in the burgeoning crypto industry.

Fortune

Why Silicon Valley falls prey to ‘charisma distortion,’ according to investor and Google X founding member Tom Chi

Silicon Valley loves a charismatic visionary. Sometimes a little too much, like when that vision outstrips reality. I recently talked about this with Tom Chi, once a founding member of Google X and now founding partner at At One Ventures.

Investors Business Daily

Trump's Crypto Portfolio Revealed; Election Outlooks On Bitcoin

Campaign filings show former President Donald Trump holds millions in crypto, NFT revenue. Analysts detail bitcoin forecasts.

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Fortune

Nate Silver charts the course of risk-taking, from Sam Bankman-Fried to Sam Altman

For Nate Silver poker, Sam Bankman-Fried, and the future of AI are all connected by one thing—risk-taking.

International Business Times

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.

The Guardian - UK

Bankrupt crypto exchange FTX ordered by US court to pay customers $12.7bn

Compensation order comes five months after founder Sam Bankman-Fried was jailed for role in collapse

The Independent UK

FTX ordered to pay $12.7 billion in massive crypto fraud case

Sam Bankman-Fried, the founder of FTX, was sentenced in March to 25 years in prison for stealing $8 billion from customers

Fortune

Sequoia Capital invested early in Google, Nvidia, and Apple. Can Roelof Botha keep the legendary venture capital firm ahead in the AI future?

The firm and its leader are rethinking the way they invest in companies, the way they relate to founders, and even the way they think.

International Business Times UK

SkyBridge Capital's Anthony Scaramucci Explains Why Bitcoin Prices Could Reach $100K By Year-End

Despite mounting selling pressures on Bitcoin, Anthony Scaramucci sees multiple bullish factors for the coin and thinks it can reach a value of $100,000 by year-end.

International Business Times

3 Groups File Competing Claims For Sam Bankman-Fried's $11B Forfeited Assets

Sam Bankman-Fried was ordered to forfeit $11 billion in assets after he was found guilty of fraud and other related charges late last year, and now three separate groups are claiming all or some of the assets linked to the collapse of the FTX crypto empire.

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