ExFTX

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02 Apr 23

US CFTC sues Binance, crypto markets contract, ex-FTX boss faces fresh allegations

This week, like it has been the trend, regulators in the United States didn’t slow down. The Commodity Futures Trading Commission (CFTC) formally brought charges against Binance, alleging breaches of the Commodity Exchange Act. Despite the markets contracting, gains posted in the preceding week remained intact. Meanwhile, fresh revelations emerged on the ongoing FTX case. […]

23 Dec 22

Details of $250 million bond deal behind ex-FTX boss release

The troubled founder of FTX, Sam Bankman-Fried, was released from a New York court today after reaching a bond agreement deal worth $250 million. He is currently awaiting trial for charges related to fraud and other criminal offenses. He left the U.S. District Court in Manhattan with his parents after the equity in his family […]

21 Dec 22

Ex-FTX CEO set for extradition to the US

Several news outlets report that FTX founder Sam Bankman-Fried has signed extradition documents after earlier hesitation following his court appearance in the Bahamas. Bankman Fried to face charges in the US After reportedly signing paperwork waiving an extradition hearing from the Bahamas, the disgraced ex-CEO will now be flown to the United States for prosecution […]

21 Dec 22

Ex-FTX boss wants to reverse his extradition decision to the US

FTX’s ex-CEO Sam Bankman-Fried (SBF) might soon change his decision on contesting extradition from the Bahamas to the US. According to a Reuters report, the 30-year-old crypto lord will seek to reverse his decision in a court on Monday. A back door? A person familiar with the matter told Reuters on Saturday that the former […]