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Tag Archives: FTX Exchange

Mark Wahlberg to Release Documentary on the ‘Tumultuous’ Relationship Between SBF and CZ (Report)

Mark Wahlberg’s production company – Urealistic Ideas – reportedly partnered with the media outlet – Fortune – to release a documentary revealing the controversial relationship between Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). The FTX crash caused a clash between the two, who accused each other of the catastrophic event. Making a Movie out of the Saga According to The Hollywood Reporter, broad society might soon watch a documentary depicting the spat between FTX’s...

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Another Crypto Exec Leaves: Argo Blockchain’s CFO Resigns

One of the leading bitcoin miners – Argo Blockchain – announced that its CFO and Executive Director Alex Appleton resigned from his position. Several other crypto (or related) executives have abandoned their posts during the prolonged bear market. Such examples are Sam Bankman-Fried of FTX, Alex Mashinsky of Celsius Network, Jesse Powell of Kraken, Michael Saylor of MicroStrategy, and many others. The Latest on the List Alex Appleton, who spent two and a half years at Argo...

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Sam-Bankman Fried Wanted an In-Person Meeting With New FTX CEO

Former FTX CEO Sam Bankman-Fried tried to organize an in-person meeting with its current CEO John Ray weeks after being charged with fraud.  According to newly released emails filed by Federal prosecutors on Monday, Bankman-Fried said he wanted to be helpful to the asset recovery process where he could.  On December 30, he asked whether Ray’s team was responsible for draining assets from Alameda Research, which he’d read about in a media article.  “If this is your team moving...

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US Senators Interrogate Silvergate on FTX Insider Knowledge

A cohort of the United States Senate is questioning crypto bank Silvergate about its knowledge of the FTX fraud, after finding responses to prior questioning “evasive” and “incomplete.” The senators suspect that Silvergate may have played a role in illegally transmitting FTX user funds to Alameda Research through the trading firm’s accounts with the bank.  Silvergate and FTX According to BNN Bloomberg, the senators sent a letter to Silvergate on Monday questioning the bank...

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UK Regulator Launches Inquiry into Charity With Ties to Sam Bankman-Fried

UK’s Charity Commission announced inquiring into a charity called – Effective Ventures Foundation over its ties with FTX. According to the official press release, the charity reported its association with FTX as a serious incident because the bankrupt cryptocurrency exchange was its “significant funder.” The non-ministerial department asserted that trustees submitted an RSI and sufficiently performed their duties and responsibilities. While trustees have not been involved in...

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SBF Tried to Influence a Former FTX Employee’s Testimony, US Prosecutors Claim

The disgraced founder and former CEO of FTX tried to contact and potentially influence the witness testimony of another exchange employee, according to the US Department of Justice. As such, the prosecutors want to introduce two new rules for SBF’s bail. Sam Bankman-Fried was released on a $250 million bond in December last year, and he is confined to his parent’s house. However, he seems to have tried to contact FTX US General Counsel Ryne Miller on the encrypted messaging...

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FTX Creditors List Include Apple, Google, Amazon, WSJ, and Even Australia’s Govt

A recent document filed with the United States Bankruptcy Court for the District of Delaware revealed that FTX’s creditors consist of over 9.7 million companies and individuals. Some of the most famous entities include the likes of Apple, Amazon, Google, Meta, Netflix, Microsoft, and more. Who Got Burned? One of the darkest moments in crypto’s recent history – the collapse of FTX – triggered massive financial losses for people and organizations. The lawyers of the bankrupt...

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Companies Should Separate Clients’ Crypto Assets From Their Own: NYDFS

The New York State Department of Financial Services (NYDFS) urged firms to set apart customers’ cryptocurrency holdings from their own assets. The watchdog argued that co-mingling funds could trigger a significant financial loss for investors. The NYDFS’ Recommendation New York’s financial watchdog issued guidance to state-regulated companies on how they should better protect clients in the event of potential insolvency. It outlined the increasing interest in cryptocurrencies...

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US Feds Confiscate Nearly $700M of Sam Bankman-Fried’s Assets: Report

The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX. At the heart of the seizure are the 55 million Robinhood shares owned by Bankman-Fried and Gary Wang, valued at over $455 million. The ownership of the shares has been disputed even by BlockFi and FTX creditor Yonathan Ben Shimon who laid claims over them. The Feds, for one, believe they were purchased using allegedly...

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A Car Crashed Into the Barricade of SBF’s Current Home, Lawyers Said

The lawyers of Sam Bankman-Fried (SBF) цлаимед that three men drove their vehicle into a metal barricade outside his parents’ house in California.  The family of FTX’s former CEO recently admitted becoming a target of “intense media scrutiny, harassment,” and even physical threats. The Security Incident The gigantic crash of FTX caused multi-billion investor losses and turned SBF into one of the most infamous figures in the cryptocurrency space. The US authorities accused the...

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