FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.
As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."
The former FTX CEO was keen to convince jurors he did not intend to commit any crimes — but he stumbled frequently under withering questioning by the prosecution.
The former FTX CEO, who is accused of orchestrating one of the largest financial frauds in history, plans to testify in his own criminal trial in a major gamble to avoid prison time.
Bankman-Fried built a multibillion crypto business spearheaded by FTX with the help of a group of young colleagues. Now three of his closest associates have turned against him.
What happens when the hero you plan to write about becomes a villain in much of the public's eye? We asked bestselling authors Michael Lewis and Walter Isaacson about Sam Bankman-Fried and Elon Musk.
Sam Bankman-Fried faces seven criminal charges, including for defrauding investors. His blockbuster trial is set to begin on Tuesday, and he could face an over 100-year prison term if convicted.
FTX's lawyers allege Sam Bankman-Fried's mom and dad helped shape their son's crypto empire and received millions of dollars worth of gifts and benefits from the now-bankrupt company.
