Tag: FTX

The "Up-Only" narrative of 2025 hit a brutal wall in the final quarter, as the U.S. crypto exchange, Coinbase, reported a staggering $667 million net loss for Q4. The sudden plummet of Bitcoin from its $120,000+ peak to sub-$90,000 levels triggered a liquidity vacuum and massive book losses. While Coinbase remains anchored by its $11.3 billion cash pile, the results signal a systemic stress test for the entire industry.

Former Alameda Research CEO Caroline Ellison—one of the central insiders in the FTX collapse—is scheduled to leave federal custody in January 2026, according to updated Bureau of Prisons records cited by multiple outlets. Her early release, after extensive cooperation, re-raises the core question: Was FTX a politically targeted crypto casualty—or a classic, old-school fraud wearing a “new finance” hoodie?

Aleksandr "Sasha" Ivanov, the Ukraine-born founder of the Waves blockchain platform, stands accused of orchestrating one of cryptocurrency's most brazen frauds—a systematic scheme that stripped approximately $530 million from investors through his lending protocol Vires Finance. Ivanov now faces multiple lawsuits and allegations of extortion. Whistleblower informed FinTelegram that he continues to threaten disappointed investors.​

Our network partner FinCrime Observer recently outlined how the June 9, 2025 DOJ “Guidelines for Investigations and Enforcement of the FCPA” slash half of all pending bribery probes and restrict new ones to four scenarios that “vindicate U.S. interests.” However, the truly interesting aspect of international bribery activities is the widespread use of cryptocurrencies.

The sensational federal trial of SafeMoon CEO Braden John Karony kicked off in Brooklyn, promising to be one of the most explosive DeFi crime showdowns of the year. Karony stands accused of masterminding a multimillion-dollar scheme under the guise of a “decentralized” finance token that defrauded over a million investors. Former CTO Thomas Smith turned on him, founder Kyle Nagy reportedly hides in Russia.

FTX, once hailed as the gold standard of crypto exchanges, imploded in November 2022, revealing a multi-billion-dollar fraud orchestrated by founder Sam Bankman-Fried (SBF). What began as a scrappy crypto derivatives exchange turned into a house of cards built on customer fund misuse, opaque affiliate structures, and a startling absence of regulatory oversight

In a remote interview with Tucker Carlson on March 5, 2025, Sam Bankman-Fried (SBF), the convicted FTX founder, reframed his $10 billion fraud as a mere liquidity crisis, denying criminal intent while playing chess with Sean 'Diddy' Combs in prison. As he hints at GOP leanings and a potential pardon, SBF’s narrative sparks debate: a bid for redemption or a refusal to face the fallout?

It seems that the bankruptcy of the US crypto exchange FTX will continue to cause ripples across the crypto scene. In a high-stakes lawsuit, the FTX estate is targeting Binance and its former CEO, Changpeng Zhao (CZ), seeking $1.8 billion over a controversial 2021 share buyback deal. Allegations include claims of a “constructive fraudulent transfer” and accusations of tweets that allegedly accelerated FTX's collapse.

Gary Wang, co-founder of FTX, has requested a non-custodial sentence in a court memo submitted on November 6th, emphasizing his cooperation as a key witness in the U.S. v. Sam Bankman-Fried case. Wang argues his minimal involvement in FTX’s collapse and his substantial assistance to prosecutors justify leniency. He will be sentenced on Nov. 20 after pleading guilty.

FTX Trading Ltd. has filed a lawsuit against Ryan Salame, former head of FTX Digital Markets, seeking the recovery of $98.8 million allegedly misappropriated in the lead-up to the exchange's collapse. Accusations against Salame include using customer funds to finance a lavish lifestyle and political contributions. He was sentenced to 7.5 years (90 months) in prison for his role in the FTX scandal.

The legal dispute between the collapsed U.S. crypto exchange FTX and Dubai-based Bybit has recently reached a significant milestone with a settlement agreement worth $228 million. Here's an overview of the background, context, and latest developments. The settlement comes just in time for the expected bull run in the crypto segment.

FTX was a major U.S. crypto exchange that collapsed in November 2022 amid allegations of fraud and misuse of customer funds. Plaintiffs' lawyers in the FTX litigation in Miami federal court have reached a deal with lawyers for the bankrupt company, resolving a fight that erupted earlier this year over who owns the right to sue on behalf of customers of the crypto exchange.