Page 6 - Mark Botnick News Today

Bankrupt cryptocurrency exchange founder allegedly used a straw donor scheme to gain influence in Washington D.C, new court documents show.

The disgraced crypto king faces four new criminal charges from prosecutors.

Prosecutors allege that he used customer money to prop up his hedge fund, Alameda Research; make political donations; and pay for a lavish lifestyle.

The Japan unit's move is the first time FTX crypto investors have been able to recover funds locked in since November, when the now-bankrupt exchange collapsed.

The bankrupt crypto exchange collapsed in November 2022. Months later, customers in Japan are among the first to regain access to their money.

Sam Bankman-Fried's bail sponsors have been identified as former Stanford Law Dean Larry Kramer and Stanford research scientist Andreas Paepcke. Here's what we know about them.

Before it collapsed, the disgraced crypto exchange had its sights on a new target: retirement accounts.

Sam Bankman-Fried and two of his closest colleagues at FTX donated nearly $80 million to political campaigns. Much of it could be clawed back.

Bankman-Fried remains the only senior executive charged with any crimes and is facing extradition to the US from the Bahamas. 

In his 7,000-word draft testimony, Bankman-Fried wrote that he was "less grounded in operational details" in the months leading up to his exchange's downfall.