Caroline Ellison Apologizes for Misconduct in FTX Collapse

Caroline Ellison Apologizes for Misconduct in FTX Collapse

Caroline Ellison, a close associate of FTX founder Sam Bankman-Fried, apologized in court this week as she pleaded guilty to fraud and other offenses, telling a judge that she and others conspired to steal billions of dollars from customers of the doomed crypto exchange while misleading investors and lenders. “I am truly sorry for what … Read more

Sam Bankman-Fried Released on $250 Million Bond

Sam Bankman-Fried Released on $250 Million Bond

FTX founder Sam Bankman-Fried was released on a $250 million bond Thursday and ordered to detention in his parents’ Palo Alto, Calif., home, after the former executive’s first appearance in a New York federal court following his extradition from the Bahamas. Mr. Bankman-Fried left the courthouse in a black SUV. At a later date he … Read more

Smiling Sam Bankman-Fried Extradited From Bahamas to New York

Smiling Sam Bankman-Fried Extradited From Bahamas to New York

Disgraced crypto wunderkind Sam Bankman-Fried has reportedly landed in New York after being transferred to U.S. custody on Wednesday to face a slew of charges filed by the feds. The 30-year-old offered a slight smile as he left court in the Bahamas on Wednesday, shortly after telling a judge that he agreed to be extradited. … Read more

Crypto’s Onetime Fans Are Calling It Quits After FTX Collapse

Crypto’s Onetime Fans Are Calling It Quits After FTX Collapse

Buying crypto was so much fun when it was going up. Now, many onetime fans are getting out. This year has brought crisis after crisis, raising questions about the industry’s long-term prospects. Two major lenders, Voyager Digital VYGVQ -1.52% and Celsius Network, filed for bankruptcy this summer. The price of bitcoin has plunged some 75% … Read more

'We Need To Make Sure The Public Is Protected' Actor Ben McKenzie Speaks Out About Crypto – MSNBC

'We Need To Make Sure The Public Is Protected' Actor Ben McKenzie Speaks Out About Crypto – MSNBC

‘We Need To Make Sure The Public Is Protected’ Actor Ben McKenzie Speaks Out About Crypto  MSNBC

FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy

FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy

FTX founder Sam Bankman-Fried oversaw one of the biggest financial frauds in American history, a top federal prosecutor said in charging that the former chief executive stole billions of dollars from the crypto exchange’s customers while misleading investors and lenders. An indictment by the U.S. attorney’s office for the Southern District of New York, unsealed … Read more

SBF secretly funded crypto news site The Block and its CEO’s Bahamas apartment

SBF secretly funded crypto news site The Block and its CEO’s Bahamas apartment

Photo illustration: Sarah Grillo/Axios. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled to The Block’s CEO from the disgraced Sam Bankman-Fried’s cryptocurrency trading firm, sources told Axios. Why it matters: The payments, which … Read more

Sam Bankman-Fried talks about failures, FTX, CFTC, regulation and crypto

Sam Bankman-Fried talks about failures, FTX, CFTC, regulation and crypto

Sam Bankman-Fried. Photo: Getty images Sam Bankman-Fried had $100,000 left in his bank account last time he checked. In an interview, the former FTX CEO pointed to both personal failures and regulatory gaps to help explain the implosion of his company. Why it matters: Bankman-Fried’s late Monday phone interview with Axios comes as FTX is … Read more

Amber Group Crypto Founder Tiantian Kullander Dead at 30 in His Sleep

Amber Group Crypto Founder Tiantian Kullander Dead at 30 in His Sleep

Tiantian Kullander, the influential young founder of cryptocurrency company Amber Group, died suddenly in his sleep on Nov. 23, the company confirmed. The group had just received a $3 billion valuation earlier this year, and was in the process of raising another $100 million—a meteoric success in which he played an integral role after launching … Read more

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

AUSTIN, Texas—Even as a cold night started to settle outside Tesla ‘s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they named their currency after, accepted a 12,000-pound sculpture of a Mr. Musk-headed goat riding a rocket. It is the latest stunt in the … Read more