Can Sun, previously FTX’s general counsel and pivotal witness in Sam Bankman-Fried’s trial, spearheads Trek Labs
Bankman-Fried was accused of defrauding FTX’s customers, lenders, and investors, leading to the collapse of the cryptocurrency exchange and its sister trading firm Alameda Research.
Caroline Ellison testifies that SBF influenced her to commit fraud, revealing details of illicit activities and FTX’s use of customer funds.
FTX’s former CEO Sam Bankman-Fried stands trial for cryptocurrency fraud charges, facing allegations of embezzlement and deception.
Bald Token’s price collapses to zero amidst speculations of a possible link to FTX’s founder, Sam Bankman-Fried.
The pandemic and a failed acquisition from FTX-tied Genesis Block HK served as a blow that halted pioneer crypto exchange Rebittance.
Bankman-Fried is also prohibited from accessing or transferring any assets tied to FTX or its affiliated entities.
The drop in volume is likely due to the falling prices of most crypto assets and the loss of faith in exchanges because of FTX.
The FTX collapse was a hot topic during the Philippine Web3 Festival. The first panels discuss its effect and future impact to crypto.
After going back to US to face his cases, SBF was released on a $250M bail. While Alameda CEO Ellison and FTX co-founder Wang have pleaded guilty.