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Federal agents seized $9 million worth of cryptocurrency linked to a cyber scam organization that has exploited more than 70 victims, the U.S. Attorney's Office for the Northern District of California said Tuesday.
The world's largest cryptocurrency exchange platform admits it did not take appropriate steps to prevent money laundering on its site.
In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the "pyramid of deceit" that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
A prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year.
FTX founder Sam Bankman-Fried testified at his New York trial on Friday, denying that he defrauded anyone but acknowledging that the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
Sam Bankman-Fried got a test run at testifying at his New York criminal trial when a judge sent jurors home but let him demonstrate portions of his testimony before deciding what jurors will hear on Friday.
A lawyer for Sam Bankman-Fried says the FTX founder plans to testify at his fraud trial.
Authorities are sounding the alarm about a high-tech twist on a common con where victims are duped by perpetrators to invest in phony cryptocurrency accounts.
A Bay Area man describes how he lost his family's life savings when online scammers convinced him to invest in a bogus cryptocurrency account. Kenny Choi reports. (9-8-23)
FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him.
The Biden administration has intensified its focus on tracing cryptocurrency payments that some of the most dangerous Mexican drug cartels use to buy fentanyl ingredients from Chinese chemical companies.
A prosecutor has asked a judge to immediately jail FTX founder Sam Bankman-Fried, saying he violated his bail conditions by releasing information meant to harass a key witness against him.
Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm.
A car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried's parents, an apparent attempt to gain access to the property where the founder of crypto exchange FTX is under house arrest.
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
The operator of a crypto currency website has pleaded guilty in a federal courtroom in San Francisco to defrauding investors of nearly $1 million, according to a joint announcement from the Department of Justice and the IRS.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a "complete failure" of corporate control.
California Attorney General Rob Bonta urged investors seeking to invest in cryptocurrency to be cautious, amid recent volatility in the crypto market and the bankruptcy of a major exchange.
The dramatic collapse of cryptocurrency and in particular a company tied to a major crypto exchange is having a widespread impact on investors.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
The crypto division of the online brokerage Robinhood will pay a $30 million penalty to New York state for failing to comply with regulations governing money laundering and cybersecurity.
Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.
The crypto firm said most account activity is still "paused." It's unclear whether depositors will get their money back.
