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FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF
15.12.2022
A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
After Sam Bankman-Fried's Arrest, the FTX Show Goes On
14.12.2022
Strap in folks: It’s a big week. Former FTX CEO Sam Bankman-Fried and current FTX CEO John J. Ray III were supposed to speak to the House Financial Services Committee. Obviously, things didn’t quite work out that way
SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept
14.12.2022
Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."
Sam Bankman-Fried Was a ‘Pathological Liar’: Congressman
14.12.2022
Rep. Ritchie Torres (D-N.Y.) discusses how the disgraced CEO “misled the public” and what he did with Bankman-Fried’s $2,900 political donation
Understanding the Charges Brought Against Sam Bankman-Fried
14.12.2022
SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’
14.12.2022
On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents...
Will FTX’s ill wind reach the Global South? Maybe not
14.12.2022
In Latin America, "crypto is functional, it has a real utility." It can hedge inflation, provide access to dollars and internationalize wealth
Sam Bankman-Fried Has Bail Denied, Remains in Custody of Bahamian Department of Corrections
14.12.2022
Sam Bankman-Fried, the disgraced founder and former CEO of cryptocurrency exchange FTX, has been denied bail by a judge in the Bahamas.
On Tuesday, a Bahamian judge denied SBF bail hours after U.S. prosecutors alleged the crypto boss defrauded customers, misappropriated billions of dollars,...
New FTX CEO: $1 Billion Worth of Assets Have Been Recovered – This is What You Need to Know
14.12.2022
John Ray III, the new CEO of collapsed crypto exchange FTX, has revealed that the new leadership has managed to recover $1 billion worth of assets.
On Tuesday, Ray, a bankruptcy expert who previously oversaw the aftermath of the collapsed energy giant Enron, testified with the US House Committee...
Ether, Bitcoin Post Gains as Crypto Market Cheers Sam Bankman-Fried's Arrest, Inflation Data
14.12.2022
With the former FTX CEO's arrest, the crypto market has now shifted its focus to improving macroeconomic conditions, analysts said
Crypto blame game back on US Senators' menu following SBF arrest
14.12.2022
While Congressman Brad Sherman saw SBF as the poster child of the crypto ecosystem, congressman Tom Emmer highlighted the crypto community's contribution to uncovering the supposed FTX fraud
Bahamian securities regulator slams new FTX CEO over 'misstatements'
14.12.2022
Bahamian regulators said that they were the first to take action against SBF, and recent actions of the current CEO hindered their investigation
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
14.12.2022
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was...
First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried
14.12.2022
Busan wants to integrate blockchain technology into all facets of government service, and create the first city-run crypto exchange
Bankman-Fried Lawsuits Expose FTX's 'Special Treatment' of Alameda Research
14.12.2022
Sam Bankman-Fried’s “personal piggy bank” Alameda Research was deeply intertwined with his exchange, FTX
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
13.12.2022
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were...
Crypto Markets Today: Sam Bankman-Fried Hearing Tops Another Troubling Day
13.12.2022
The former FTX CEO faces federal charges of wire fraud, conspiracy and other allegations. A positive November inflation report sends prices higher. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
FTX Founder Sam Bankman-Fried Denied Bail in the Bahamas
13.12.2022
Sam Bankman-Fried, who was arrested late Monday, sought bail and warned he would want to fight extradition during a court appearance Tuesday
'You can commit fraud in shorts and T-shirts in the sun,' says SDNY attorney on SBF indictment
13.12.2022
Damian Williams called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you,” hinting at future arrests