News section
Sam Bankman-Fried Withdraws Motion for New Trial, Denies Ghostwriting Allegations
The disgraced FTX founder's parents have reportedly pushed for a pardon from President Donald Trump behind closed doors.
2026-04-23 15:21:41
Sam Bankman-Fried withdraws new trial motion for now, says he won't get 'fair hearing' from judge
On Wednesday, Bankman-Fried said he “conceived” of the Rule 33 Motion, drafted versions, and did much of the legal research while in prison in Brooklyn.He said he did not consult his lawyer on it, but shared drafts with his parents.
2026-04-23 06:51:00
Sam Bankman-Fried pulls motion for a new trial, still asks for new judge
The ex-FTX CEO said he consulted with his parents and lawyers regarding a recent filing he sent from prison, but claimed to be the ”ultimate author of the documents.”
2026-04-22 22:52:15
US law firm apologizes after AI hallucinations made it to a legal filing
Sullivan & Cromwell’s Andrew Dietderich said the company has AI policies to prevent incorrect citations and other errors, but procedures weren’t followed on this occasion.
2026-04-22 06:50:15
Top US law firm admits AI hallucinations in legal filing
Sullivan & Cromwell admitted AI-generated errors slipped into a court filing despite existing internal review policies.Andrew Dietderich said the firm took responsibility after false citations reached a federal bankruptcy court.The law firm launched an internal review after a rival firm flagged the filing errors.
2026-04-22 06:45:00
Polymarket in Talks to Raise $400M at $15B Valuation: Report
The round comes on the heels of NYSE parent company Intercontinental Exchange’s $2 billion investment in the prediction market firm.
2026-04-20 16:09:54
CFTC Settles With Former FTX Engineer for $3.7M, Closing First Individual Case
He built systems that moved billions in customer funds. Now, the CFTC has closed his case with no civil penalty, citing his cooperation.
2026-04-02 14:59:27
Former FTX engineer Nishad Singh agrees to $3.7M penalty in CFTC settlement
Nishad Singh agreed to pay $3.7 million in disgorgement to settle CFTC charges tied to FTX’s collapse and misuse of customer funds.The settlement includes a five-year trading ban and an eight-year registration ban, with regulators citing his cooperation in limiting further penalties.
2026-04-02 07:36:49
Former FTX head of engineering fined $3.7M to resolve CFTC lawsuit
Singh faced legal action from the SEC, CFTC and US Department of Justice after FTX collapsed in November 2022 but avoided significant prison time by cooperating with authorities.
2026-04-02 07:12:21
eToro rolls out crypto trading in New York three years after receiving BitLicense
Trading platform eToro plans to introduce its full suite of crypto offerings, including trading in 100+ tokens and staking, in New York.Andrew McCormick, head of eToro U.S., said it was the first firm to receive a BitLicense in 2023 following the collapse of FTX.
2026-04-02 04:57:00
Sam Bankman-Fried parents’ CNN interview fails to lift pardon odds
Polymarket and Kalshi lowered Sam Bankman-Fried pardon odds after his parents defended him on CNN.Joseph Bankman and Barbara Fried argued Alameda borrowed customer funds but did not misuse them.The family appeal challenges claims that FTX was insolvent and customers lacked repayment options altogether.
2026-03-27 14:10:34
