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.
Bankman-Fried is also prohibited from accessing or transferring any assets tied to FTX or its affiliated entities.
The coin reached an all-time high of $259.96 in November 2021, but has since been impacted by the collapse of exchange FTX.
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.
Former CEO of FTX is facing charges of wire fraud, securities fraud, money laundering and campaign violations.
The arrest is the first move by regulators to hold those accountable for the multi-billion-dollar implosion of FTX.