THE FALL OF FTX

Rising Star: Sullivan & Cromwell's Benjamin Beller

By Ben Zigterman

Benjamin Beller of Sullivan & Cromwell LLP helped defunct cryptocurrency exchange FTX through its Chapter 11 case and its disputes with other crypto debtors that culminated in a $14 billion-plus reorganization plan, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

Judge To Weigh If FTX Prosecutors Broke Plea Promise

By Pete Brush

A Manhattan federal judge said Monday he will investigate an allegation by crypto lobbyist Michelle Bond that she was charged with campaign finance crimes despite a promise that a guilty plea by her husband, former FTX executive Ryan Salame, would leave her in the clear.

Wife Of Former FTX Exec Says Charges Are Built On Deception

By Elliot Weld

Attorney and cryptocurrency lobbyist Michelle Bond, the wife of jailed former FTX executive Ryan Salame, told a Manhattan federal judge that her campaign finance case should be tossed because prosecutors broke a promise that she wouldn't be charged if her husband pled guilty.

Feds Say Crypto Lobbyist Can't Delay FTX-Tied Case

By Katryna Perera

New York federal prosecutors Thursday opposed a request from attorney and crypto lobbyist Michelle Bond to extend filing deadlines for pre-trial motions in her criminal case until June, saying Bond's inability to access her assets due to bankruptcy proceedings involving her FTX-affiliated husband is not enough to warrant a delay.

Bankman-Fried Tech Deputy Who Parsed Code Avoids Prison

By Pete Brush

A Manhattan federal judge allowed tech expert Zixiao "Gary" Wang to avoid jail Wednesday for his role in the $11 billion FTX fraud, crediting his effort to detail programming "back doors" that enabled Sam Bankman-Fried to loot the bankrupt crypto exchange.

FTX Prosecutors Tout Tech Chief's 'Outstanding Cooperation'

By Rachel Scharf

Manhattan federal prosecutors urged a lenient sentence for former FTX technology chief Zixiao "Gary" Wang, telling the court on Wednesday that his "outstanding cooperation" was instrumental in securing the lightning-fast indictment and ultimate conviction of founder Sam Bankman-Fried for an $11 billion fraud that sank the crypto exchange.

FTX Witness Who Saw Bankman-Fried's 'Evil' Avoids Prison

By Pete Brush

A Manhattan federal judge allowed FTX's former chief engineer to avoid prison Wednesday, crediting his trial testimony against the crypto exchange's founder Sam Bankman-Fried, his ongoing cooperation and his relatively small role in the $11.2 billion fraud.

Feds Want Leniency For Key Witness At Bankman-Fried Trial

By Elliot Weld

Prosecutors asked a Manhattan federal judge for leniency when sentencing a former FTX executive who they said provided "substantial" assistance and testimony in the successful prosecution of the bankrupt cryptocurrency exchange's founder Sam Bankman-Fried.

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