Tag Archives: sam bankman-fried

The drama surrounding the fall of famed crypto exchange FTX just keeps getting bigger and bigger. FTX Will Be With Us a Long Time It has been announced that several prosecutors are looking into the disappearance of approximately $370 million in crypto funds that vanished from the exchange just hours after its head executive, Sam Bankman-Fried, filed for bankruptcy. The prosecutors investigating have been hired by the Department of Justice (DOJ), which has frozen several...

Judge Lewis A. Kaplan, a Manhattan federal judge, will oversee the trial of Sam Bankman-Fried. SBF is presently facing several charges in connection with the collapse of FTX. It is alleged that Bankman-Fried likely utilized customer funds to engage in Ponzi-like behavior and purchase luxury items such as Bahamas-based condominiums for himself and fellow FTX employees. Lewis Kaplan Will Decide SBF’s Fate Kaplan was a second-choice judge. The first one – who is unnamed at...

Sam Bankman-Fried – the disgraced head executive of the now defunct crypto exchange FTX – is out of prison on a $250 million bond. While awaiting trial, he will live at his parents’ house in California. Sam Bankman-Fried Is Temporarily Out of Jail Bankman-Fried made his way back to the United States from a Bahamian jail in late December of last year. He also made a court appearance on January 3. The bond in question is different from bail. What it means is that if...

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Senator Sherrod Brown – an Ohio democrat – says he thinks agencies such as the Fed need to examine bitcoin following the collapse of the FTX exchange and possibly ban it to make sure that what happened with the trading platform never happens again. Senator Sherrod Brown Thinks We Should Do Away with BTC As the chairman of the Senate Banking, Housing, and Urban Affairs Committee, Brown said the Treasury and all other financial agencies in the U.S. need to work together to...

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Sam Bankman-Fried – the disgraced founder of fallen digital currency exchange FTX – made a rare appearance at the Deal Book Summit in New York on the last day of November last year. Sam Bankman-Fried Does First Interview Following Company’s Demise While he did not arrive in person, Bankman-Fried was featured prominently on a screen from an undisclosed location in the Bahamas, where he still claims to live. In the interview, Bankman-Fried attempted to explain what...

The drama surrounding FTX is getting a lot worse. Initially, it was believed that Sam Bankman-Fried – the man behind the now failed digital currency exchange – gave a lot of money to democrat politicians, and he did. However, it’s now being alleged by him that equal money was given to republicans, only those donations were more secret. FTX Also Allegedly Delivered Funds to Republicans FTX collapsed in mid-November of last year following what SBF referred to as a...