FTX Cryptocurrency – pressnews

[ad_1] Sam Bankman-Fried must be jailed pending his October fraud trial over the collapse of the FTX cryptocurrency exchange he founded because he is trying to intimidate witnesses and influence their testimony, prosecutors said on Friday.Bankman-Fried, a former billionaire, has lived mainly under house arrest at his parents' Palo Alto, California, home since his December 2022 extradition from the Bahamas. His bail, which includes a $250 million bond, became an issue after the New York Times on July 20 published an article containing excerpts from his former romantic partner Caroline Ellison's personal Google documents prior to FTX's collapse. Bankman-Fried, 31, acknowledged sharing the documents with a Times reporter. The U.S. Attorney's office in Manhattan said that crossed the line, ...

[ad_1] Some $323 million in crypto had been hacked from FTX's international exchange and $90 million had been hacked from its U.S. exchange since it filed for bankruptcy on November 11. Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen as a result of hacks. Some $323 million in crypto had been hacked from FTX's international exchange and $90 million had been hacked from its U.S. exchange since it filed for bankruptcy on Nov. 11, CEO John Ray said in a separate statement on Tuesday. FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to fra...

Tag: FTX Cryptocurrency

Sam Bankman-Fried must be jailed, is intimidating witnesses, prosecutors say

FTX says $415 million in crypto was hacked