The employees flagged their discovery to one of FTX’s director of engineering Nishad Singh but the problem never got fixed.
Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may also be tied to the exchange. The DOJ also announced over the weekend that prosecutors intend to call former FTX customers from around the world and investors as witnesses during the trial.
FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.
FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy
When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value.
FTX financial controls were a ‘hodgepodge’ of apps, says court filings
A court filing alleged apps such as Excel spreadsheets and Slack messages were used to manage the assets and liabilities of FTX and its entities.
Prosecutors’ Case Against FTX’s Sam Bankman-Fried Becomes Clearer
Federal prosecutors have shared more information about their case against FTX founder Sam Bankman-Fried. Between two new indictments and civil suits against another former FTX executive, we now have a much clearer picture about what the Department of Justice thinks it has.
SEC, CFTC Charge FTX’s Singh With Fraud Following Criminal Plea
The U.S. Securities and Exchange Commission and Commodity Futures charged former FTX director of engineering Nishad Singh with fraud allegations on Tuesday.
Former FTX Engineering Director Nishad Singh Pleads Guilty to Criminal Charges: Reuters
Former FTX Director of Engineering Nishad Singh pleaded guilty to criminal charges in a New York court on Tuesday.
Voyager Creditors Subpoena Sam Bankman-Fried, Other Former FTX, Alameda Executives
Voyager’s Creditors also subpoenaed Samuel Trabucco, Nishad Singh, Gary Wang, and Caroline Ellison
Former FTX Executive Nishad Singh Planning to Plead Guilty to Fraud: Bloomberg
Singh, the former engineering director for the collapsed crypto exchange, was a member of Bankman-Fried’s inner circle.
Sam Bankman-Fried, Caroline Ellison, and Other Company Insiders Subpoenaed by FTX for Documents
The Subpoenas come after a U.S. judge overseeing bankruptcy proceedings gave a green light to FTX’s Official Committee of Unsecured Creditors and its leadership to serve the insiders.
Google invests $300M in AI firm previously funded by Sam Bankman-Fried
Members of Crypto Twitter are speculating whether Bankman-Fried and FTX will source the reported $530 million invested in Anthropic to pay off FTX creditors.
US prosecutors seek to ban SBF from Signal after alleged witness contact
It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller.
FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case
A third former FTX-linked executive is reportedly considering providing evidence against Sam Bankman-Fried in an attempt for a more lenient sentence.
FTX resumes paying staff and contractors after weeks in limbo
The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda’s Caroline Ellison.
Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
It is understood that Sam Bankman-Fried and two former FTX associates are currently being detained by Bahamian authorities.