Are you a billionaire in trouble? Why not try coming out as a Republican and fully pivoting into very public complaints about the “woke agenda?” That’s precisely what Sam Bankman-Fried was thinking, according to newly released notes made by the crypto fraudster after FTX’s stunning collapse in 2022. Will More Celebs Continue to Join Crypto? … Read more
Photo: TIMOTHY A. CLARY / AFP (Getty Images) It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard. The Biggest Crypto Heists of 2022…So … Read more
Sam Bankman-Fried may be headed to prison but the story of FTX is far from over. Indeed, like an evil spirit, the exchange seems destined to haunt the crypto community for the rest of its days. The Biggest Crypto Heists of 2022…So Far Not only has the company’s downfall shattered faith in what was once … Read more
Photo: Victor J. Blue/Bloomberg (Getty Images) Sam Bankman-Fried testified before a jury for the first time on Friday saying he did not defraud FTX customers or take their funds, according to Bloomberg’s live reporting of the trial. The FTX and Alameda’s founder said that Alameda “borrowed” them, but admitted “a lot of people got hurt.” … Read more
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $13 billion hole in his crypto empire, according to Bloomberg. The Biggest Crypto Heists of 2022…So Far Bankman-Fried … Read more
Photo: Bloomberg (Getty Images) Sam Bankman Fried allegedly entertained a plan to raise capital from Saudi Crown Prince Mohammed bin Salman, according to former Alameda CEO Caroline Ellison in her testimony on Wednesday. Will More Celebs Continue to Join Crypto? | Gizmodo Interview It’s one of many bombshells dropped by Ellison on the second day … Read more
A federal choose stated there’s proof Sam Bankman-Fried twice tried to discredit witnesses by leaking delicate paperwork to the press.Picture: Bebeto Matthews (AP) As soon as the lord of a multibillion-dollar crypto empire below the FTX model title, Sam Bankman-Fried will now have to organize himself for his upcoming trial from a cell. A New … Read more
Ever because the ill-fated crypto change FTX went bankrupt final 12 months, proof has been constructing of rampant legal exercise on the a part of the agency’s high executives. A brand new report on the corporate’s funds revealed Monday does nothing to dispel that notion, revealing as a substitute new allegations about how the failed … Read more