Tag Archives: Sam Bankman-Fried (SBF)

Bankrupt crypto lender BlockFi has filed a motion to dismiss the bankruptcy case for Emergent Fidelity Technologies, the holding firm owned by Sam Bankman-Fried (SBF), founder and former CEO of FTX. In the motion, filed on Thursday in the United States Bankruptcy Court for the District of Delaware, BlockFi argued that Emergent is not eligible for a bankruptcy case as it has no other assets than 56 million Robinhood shares. BlockFi Seeks to Dismiss Emergent’s Bankruptcy Case...

The guarantors behind Sam Bankman-Fried (SBF)’s $250 million bail package have been revealed after news organizations gained court approval to unseal their names in early January.  Both individuals are high-ranking academics at Stanford, where the disgraced CEO’s parents are law professors. Who Granted SBF Bail? The signatories’ names are Larry Kramer and Andreas Paepcke – a former Stanford law school dean and computer scientist, respectively.  Kramer is president of the...

Leading venture capital firms such as Sequoia Capital, Thoma Bravo, and Paradigm were reportedly indicted for adding an “air of legitimacy” to the bankrupt cryptocurrency exchange FTX. Sam Bankman-Fried, accused of committing several crimes such as fraud and money laundering, received a subpoena as part of the case against the organizations he found and will have to present a range of documents on February 17. His father – Joseph Bankman – and Alameda Research’s former bosses...

The latest company in relation to the disgraced FTX founder to file for bankruptcy is the holding firm owned by him and Gary Wang – Emergent Fidelity Technologies. It’s headquartered in Antigua and Barbuda and reportedly had just $20 million in cash and no other assets. The filings for Chapter 11 were submitted late on Friday in the United States Bankruptcy Court for the District of Delaware. According to Bloomberg, the company, co-founded by Sam Bankman-Fried and Gary Wang,...

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...

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...

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...

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...

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...

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...