FTX fraud – DIGIT INFO

FTX used Python code to fake its insurance fund figure: Gary Wang

DIGIT — Mon, 09 Oct 2023 02:49:39 +0000

FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange.

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Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges

DIGIT — Thu, 22 Dec 2022 02:38:03 +0000

Both former executives of FTX and Alameda Research have been charged for their role in the frauds that led to FTX’s collapse.

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SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’

DIGIT — Wed, 14 Dec 2022 15:00:38 +0000

On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents Joseph Bankman and Barbara Fried attended […]

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US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse

DIGIT — Tue, 13 Dec 2022 15:00:21 +0000

According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house of cards on a foundation of deception.” U.S. SEC Contends Former […]

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Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’

DIGIT — Wed, 07 Dec 2022 07:00:47 +0000

The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of […]

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Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud

DIGIT — Sun, 13 Nov 2022 03:30:05 +0000

Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse of FTX. Larry Summers Compares FTX to Enron Former Treasury Secretary Lawrence Summers shared […]

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