Tag Archives: sam bankman-fried

In a recent interview, bitcoin bull and former White House communications director under Donald Trump Anthony Scaramucci compared former FTX executive Sam Bankman-Fried to Bernie Madoff, the man who orchestrated an investor Ponzi scheme back in 2008 to grow his own wealth and lead a billion-dollar lifestyle. Anthony Scaramucci Says He Was Betrayed By SBF During his discussion, Scaramucci claimed that Bankman-Fried was guilty of both “betrayal” and “fraud,” though at one...

Representatives of the now fallen crypto exchange FTX say the company has uncovered about $5 billion in new assets which consist of crypto, cash, and liquid investment securities. FTX Has Found About $5 Billion in Assets The firm will put this money towards paying the many debts it now owes and to alleviating the needs of its creditors. Notice of the assets was released to the public by the exchange’s head lawyer Adam Landis. Last December, executives of FTX claimed to...

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Tom Brady and his now ex-wife Gisele Bundchen have lost close to two million shares that were at one point, worth as much as $150 million in the now dead FTX crypto exchange. The famous pair were among the many celebrities that either served to endorse the company or engaged in advertisements and media for the firm. Tom Brady Has Lost Tons of Cash Aside from losing a crapload of money, Brady has also been named in a recent lawsuit (along with other sportsmen and celebs)...

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Caroline Ellison – the 28-year-old girlfriend of Sam Bankman-Fried and the former CEO of Alameda Research, a company founded by SBF – has admitted in recent testimony that she knew what was happening with FTX was wrong. Caroline Ellison on FTX: It Was Wrong The big bang for FTX comes in the shape of Alameda, which borrowed money from the crypto exchange in the form of user funds to pay off separate debts. Both companies were required to remain individual entities. In...

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Sam Bankman-Fried – the former head executive of the now fallen crypto exchange FTX – has pleaded not guilty to all counts of fraud. This means his case will potentially be heard by a jury. Sam Bankman-Fried Says He’s Not Guilty During a recent testimony, Bankman-Fried refused to speak for himself. Instead, it was his lawyer Mark Cohen who entered the not guilty plea on his behalf. Bankman-Fried’s mother was in attendance and sitting behind her son as the judge who will...

Solana – a crypto that’s otherwise known as SOL to its personal holders – continues to shed value given it’s so tied to the fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried. Solana Isn’t Doing Too Well FTX is currently in the process of filing bankruptcy. Sam Bankman-Fried is accused of lending out approximately $10 billion in user funds to his other company Alameda Research, which was supposed to be a separate and independent entity from...

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