According to multiple reports, U.S. District Judge Lewis Kaplan sentenced Wang to time served, three years of supervised release, and has been ordered to forfeit illicit funds obtained as part of the scheme. Wang was responsible for writing the actual code that executed illicit transactions of FTX customer funds.
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Category: Sam Bankman-Fried
Former SEC Chair Jay Clayton Tapped By Donald Trump For USDNY Attorney Role
Former United States Securities and Exchange Commission (SEC) Chair Jay Clayton has been selected By President-elect Donald Trump to serve as the U.S. attorney for the Southern District of New York, the former U.S. president announced Thursday, November 14. Clayton previously served as SEC Chair from 2017 to 2020, notably approving a federal securities lawsuit against Ripple Labs.
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U.S. Government Seeks Crypto in Connection With SBF’s Bribes to Chinese Officials
U.S. officials filed a complaint to seize crypto tied to Sam Bankman-Fried’s alleged $40M bribe to Chinese officials in 2021. The funds sought to unlock Alameda Research accounts frozen during Chinese crackdowns. Bankman-Fried, now serving a 25-year sentence, faces increasing legal scrutiny.
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Apple Developing Movie on FTX Founder Sam Bankman-Fried, Based on Michael Lewis’ Book
Apple Studios and A24 are producing a film about FTX founde rSam Bankman-Fried, based on Michael Lewis’ bestselling book.
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Former Alameda Research CEO Caroline Ellison Begins Two Year Prison Sentence
Former Alameda Research Caroline Ellison began her two year prison sentence Thursday, November 7 for her role in the FTX collapse, the Federal Bureau of Prisons revealed this week. Ellison will also be forced to pay an $11 billion fine.
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US Justice Department Pursues Return of $13M in Political Contributions Linked to FTX
The U.S. Justice Department is actively seeking the return of up to $13.25 million in political contributions linked to former FTX executives, as revealed in a recent federal court filing.
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FTX Executive Ryan Salame Reports To Prison After In-Depth Tucker Carlson Interview
Ryan Salame will begin his prison sentence today on criminal charges stemming from his time at FTX at a federal correctional institution in Maryland. Salame’s prison report date comes after the one-time SBF associate gave a landmark Tucker Carlson interview posted on October 10.
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Diddy Snags SBF’s High-Profile Lawyer From Behind Bars – Can She Set Him Free?
Sean “Diddy” Combs is appealing a judge’s decision to deny him bail in a Brooklyn jail. He has hired Alexandra Shapiro, a lawyer who also represents his cellmate, Sam Bankman-Fried. It’s unclear whether their shared legal counsel arose from their time incarcerated together.
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Former FTX Exec Ryan Salame Criticizes Alameda Research CEO Caroline Ellison For “Lying” After Sentencing
Former FTX executive Ryan Salame takes to social media to accuse Caroline Ellison of fabricating details to receive a lenient sentence for her role in the collapse of FTX. As Ellison cooperated with federal prosecutors, Salame’s posts raise broader questions about fairness in sentencing within the crypto fraud trial.
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Caroline Ellison Sentenced to Two Years in Prison for FTX Fraud
Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of the now-defunct cryptocurrency exchange FTX.
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