Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit
Sam Bankman-Fried was speaking at the New York Times’ DealBook Summit live on Nov. 30. Go to Source Powered by WPeMatico
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Sam Bankman-Fried was speaking at the New York Times’ DealBook Summit live on Nov. 30. Go to Source Powered by WPeMatico
On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan Cromwell with limited information. Bromley further likened the former FTX CEO Sam Bankman-Fried’s (SBF) crypto empire … Read more
Researchers at Nansen concluded that at least 86% of all FTT tokens were initially controlled by Alameda or FTX. Go to Source Powered by WPeMatico
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that … Read more
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first rodeo with the U.S. court system and financial investigations. … Read more
The former CEO had a wide-ranging interview in which he made a number of startling remarks. Go to Source Powered by WPeMatico
Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment. Go to Source Powered by WPeMatico
The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement while allowing crypto businesses to engage with non-crypto-using customers. Go to Source Powered by WPeMatico
According to a report stemming from the blockchain analytics firm Argus, Sam Bankman-Fried’s trading firm Alameda Research obtained tokens ahead of FTX.com listings. The report claims that Alameda acquired roughly $60 million worth of tokens before the digital assets were scheduled to be listed on FTX. Blockchain Analytics Firm Says Alameda Had an Insider’s Edge … Read more
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda Research, the token is still trading for … Read more