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international business
Sam Bankman-Fried appeals FTX fraud conviction, 25-year prison sentence
FILE PHOTO: Indicted FTX founder Sam Bankman-Fried exits United States Court in New York City, New York, U.S., June 15, 2023. REUTERS/Mike Segar/
international business
Sam Bankman-Fried sentenced to 25 years in prison for multi-billion dollar FTX fraud
Sam Bankman-Fried, second from right, stands flanked by his attorneys, Marc Mukasy, left, and Torrey Young, right, while Judge Kaplan announces his sentence in Manhattan federal court, Thursday, March. 28, 2024, in New York. Crypto entrepreneur Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. (Elizabeth Williams via AP)
report on business
Sam Bankman-Fried deserves 40 to 50 years in prison for FTX fraud, prosecutors say
FILE - FTX founder Sam Bankman-Fried leaves Federal court, Wednesday, July 26, 2023, in New York. Prosecutors asked a New York judge on Friday, March 15, 2024 to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.”(AP Photo/Mary Altaffer)
international business
FTX founder Sam Bankman-Fried to stick with new lawyer despite possible conflict of interest
FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York. A second trial of Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday, Dec. 29, (AP Photo/Bebeto Matthews, File)
international business
FTX has abandoned efforts to restart its crypto exchange, lawyer says
FILE PHOTO: FTX logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration
international business
Bitcoin miner Core Scientific gets court approval for restructuring
FILE PHOTO: Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
report on business
Prosecutors say there’s no need for a second trial of FTX founder Sam Bankman-Fried
FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. REUTERS/Eduardo Munoz/File Photo
cost of living
Behind the billion-dollar busts: key lessons for investors
BERKELEY, CALIFORNIA - AUGUST 09: A sign is posted on the exterior of a WeWork office on August 09, 2023 in Berkeley, California. New York-based workspace-sharing company WeWork says it has "substantial doubt" it can stay in business due to continued financial losses. (Photo by Justin Sullivan/Getty Images)
international business
FTX debtors settle some claims over Embed deal with Sam Bankman-Fried, others
FILE PHOTO: FTX logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
u.s. business
Binance CEO Changpeng Zhao pleads guilty to anti-money laundering charge
FILE PHOTO: Changpeng Zhao, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier
opinion
WeWork’s Adam Neumann, FTX’s Sam Bankman-Fried: startup world’s perpetual rot
Kara Holm
report on business
Canada’s unemployment rate climbs, Sam Bankman-Fried is convicted and John Chen exits BlackBerry: Must-read business and investing stories
FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli/File Photo
explainer
What’s next for FTX founder Sam Bankman-Fried after conviction in fraud trial?
FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli/File Photo
international business
Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers
international business
Sam Bankman-Fried is no ‘villain’ or ‘monster,’ defense tells jury
FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli/File Photo
international business
Sam Bankman-Fried has ‘regret’ for not probing $8-billion debt to FTX
FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court in New York, U.S., August 11, 2023. REUTERS/Eduardo Munoz/File Photo
international business
Sam Bankman-Fried testifies he thought hedge fund could cover $8 billion debt to FTX
FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli/File Photo
international business
FTX founder Sam Bankman-Fried testifies in own defence, says he didn’t defraud anyone or steal funds
FILE PHOTO: Indicted FTX founder Sam Bankman-Fried exits United States Court in New York City, New York, U.S., June 15, 2023. REUTERS/Mike Segar/File Photo
international business
FTX founder Sam Bankman-Fried testifies outside jury’s presence
FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted.  Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund. (AP Photo/Mary Altaffer, File)
international business
FTX founder Sam Bankman-Fried to testify in fraud trial after former colleagues turn on him
FILE - FTX founder Sam Bankman-Fried leaves Federal court, Wednesday, July 26, 2023, in New York. The Associated Press reported on stories circulating online incorrectly claiming the Department of Justice has dropped all charges against FTX founder Sam Bankman-Fried, who is accused of cheating investors and looting customer deposits on the cryptocurrency trading platform. (AP Photo/Mary Altaffer, File)
international business
Lawyers for FTX founder Sam Bankman-Fried avoid challenges to ‘cartoon’ villain image
FILE PHOTO: Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo
opinion
Finally, we’re all tired of Sam Bankman-Fried and his FTX crypto exchange
Ethan Lou
international business
Sam Bankman-Fried sought ‘justifications’ for missing funds, lawyer testifies
FILE PHOTO: Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo
report on business
Sam Bankman-Fried trial jury sees his profane message about regulators
FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/Andrew Kelly/File Photo
international business
Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless and frivolous’
FILE PHOTO: Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo
international business
Sam Bankman-Fried directed political donations despite $13-billion ‘hole’, ex-colleague testified
FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted. Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund. (AP Photo/Mary Altaffer, File)
international business
Sam Bankman-Fried approved use of customer funds, Caroline Ellison says in recording
FILE PHOTO: crypto hedge fund Alameda Research CEO Caroline Ellison departs the trial of former FTX Chief Executive Sam Bankman-Fried who is facing fraud charges over the collapse of the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 10, 2023. REUTERS/Cheney Orr/File Photo
international business
Tearful Caroline Ellison describes ‘relief’ at FTX collapse at Sam Bankman-Fried trial
Former crypto hedge fund Alameda Research CEO Caroline Ellison arrives for the trial of former FTX Chief Executive Sam Bankman-Fried who is facing fraud charges over the collapse of the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 11, 2023. REUTERS/Brendan McDermid
international business
Sam Bankman-Fried directed fraud on FTX customers, former Alameda Research CEO tells jury
FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted.  Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund. (AP Photo/Mary Altaffer, File)
opinion
Trial of FTX’s Sam Bankman-Fried is about more than crypto
Gus Carlson
international business
Sam Bankman-Fried’s reassurances about FTX were false, ex-lieutenant testifies
FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted. Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund. (AP Photo/Mary Altaffer, File)
report on business
Sam Bankman-Fried’s onetime roommate Gary Wang takes stand at trial
FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. REUTERS/Eduardo Munoz//File Photo
international business
FTX customers are still grappling with crypto platform’s collapse
FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. REUTERS/Eduardo Munoz//File Photo
books
Michael Lewis dives into the mind of Sam Bankman-Fried in his new book Going Infinite
**EMBARGO: No electronic distribution, Web posting or street sales before EMB: TUESDAY 12:01 A.M. ET, OCT. 3, 2023. No exceptions for any reasons. EMBARGO set by source.** FILE -- Sam Bankman-Fried, the founder of FTX, exits federal court in Manhattan, Dec. 22, 2022. The new book "Going Infinite" by Michael Lewis offers a behind-the-scenes account of Bankman-Fried's rise and fall. (Brittainy Newman/The New York Times)
international business
Opening statements delivered at FTX founder Sam Bankman-Fried’s fraud trial
FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted.  Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund. (AP Photo/Mary Altaffer, File)