By small group of individuals who showed little interest in instituting oversight or control framework, The investigative report of creditors of FTX is stinging in the way it captures the chaos within FTX, FTX Group was controlled. While FTX Group's failure is novel in..…
court filing reviewed by Bloomberg shows that, in at least one case, FBI subpoenaed FTX for information relating to Grand Jury Philadelphia.. Indeed, with FTX in tatters and its former leader headed up the river, is it too much to ask that we all just quit this bonkers industry..…
Sam Bankman-Fried, the founder of the 'crypto exchange company FTX, has been found guilty of all seven charges against him and faces up to 115 years prison, Joel Khalili and Lily Hay Newman report for WIRED. ..…
Former Alameda CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh, testifying for the prosecution after entering guilty pleas, directed them to commit crimes, including helping Alameda loot FTX and lying to lenders and investors about the companies finances.. ..…
Prosecutors made sure jurors knew that the defendant they saw in court with short hair and suit was not the man with hair and shorts that became his trademark Alameda Research, in 2017 and FTX, his cryptocurrency exchange, two years later... ... FTX Gary Wang, revealed in his testimony..…
FTX claims included $1.8 in loan repayments made by Alameda to GGC, $1.6 billion of assets allegedly withdrawn by Genesis debtors from FTX and other assets.. ... Crypto lending firm Genesis was one of many companies affected by the failure of FTX due to its exposure to..…
Ellison said Bankman-Fried set up systems that enabled his firm Alameda Research to withdraw unlimited sums of money from FTX accounts and he directed us to take FTX money to repay our loans... ... By the defendant to set up software loopholes that allowed, He also testified under..…
Former college roommates, Wang and Bankman-Fried were living together at the time along with eight other Alameda and FTX executives in in Bahamas, where FTX was based.. ... 2022, Wang testified that at Bankman-Fried's direction, he turned over some remaining FTX customer assets..…
Sam Bankman- Fried has pleaded not guilty to charges that he defrauded FTX's customers NEW YORK Bankrupt crypto exchange FTX yesterday sued the parents of Sam Bankman- Fried, saying that Stanford professors Joseph Bankman and Barbara Fried used the company to enrich themselves at the..…
FTX alleged the defendants used their connections to FTX personnel to skip long line of pending requests to withdraw millions from their accounts. ... Prior to the filing of Chapter 11 cases, FTX com and FTX US operated exchanges offering cryptocurrency trading..…
Taylor Swift knew FTX was trouble. . When presented with a $100 million sponsorship deal for FTX, Swift was apparently one of the only celebrities who questioned whether it was selling unregistered securities. . ..…
., FTX Trading Limited, and Blockfolio Inc., the companies behind FTX.US, FTX. ... Tom will serve as Ambassador for FTX and Gisele will take on the role of FTX's Environmental & Social Initiatives Advisor... ..…