CHART: FTX and Alameda execs get a total of 34.5 years in prison
Five FTX and Alameda Research executives have now been sentenced, with only three of them expected to serve any time in prison.
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Five FTX and Alameda Research executives have now been sentenced, with only three of them expected to serve any time in prison.
FTX says that Binance's founder CZ intended to "destroy his rival" in a series of tweets right before FTX's collapse.
Robert Powell is accused of stealing $400M in crypto from FTX but would like to attend his girlfriend's sister's party at Chuck E. Cheese.
FTX’s former Director of Engineering received his criminal sentence today from Judge Lewis Kaplan in a New York courthouse.
— FTX, Nishad Singh
Former FTX exec Nishad Singh is scheduled to be sentenced today and has received a letter of support from FTX bankruptcy CEO John J. Ray III.
Nishad Singh's team has submitted his sentencing submission, arguing that he should avoid prison due to his extensive cooperation.
Rumors of a $16 billion payout to victims of the FTX fraud circulated on social media. Some people thought they would receive money today.
Caroline Ellison is the third individual related to the collapse of FTX to be sentenced. Two others will learn their fate later this year.
— Alameda Rsearch, Caroline Ellison
Caroline Ellison has been sentenced to two years in prison for her role in the FTX-Alameda Research fraud.
On September 24, Caroline Ellison of Alameda Research will receive her final sentence for the crimes she committed that harmed FTX customers.