SBF Considered Raising Capital From MBS, Ellison Testifies

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

Decide Revokes Sam Bankman-Fried’s Bail, Throws Him Again in Jail

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

How FTX Reportedly Exploited Some $8.7 Billion in Consumer Funds

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