Alameda Research had a $65B secret line of credit with FTX: Report
Sam Bankman-Fried ordered Gary Wang, FTX’s co-founder, to open the alleged credit line financed by the exchange’s customers. Go to Source Powered by WPeMatico
Sam Bankman-Fried
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Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has … Read more
Bitmex Co-Founder Criticizes Former FTX CEO for Not Liquidating Hedge Fund Alameda
The Bitmex co-founder, Arthur Hayes, criticized Sam Bankman-Fried, the disgraced FTX co-founder, on Friday after Bankman-Fried published his first blog post on his new Substack newsletter. “All this talk about what Alameda did is misdirection,” Hayes insisted. “It doesn’t matter how they hedged or didn’t hedge, or what dogsh** was in their portfolio.” Bitmex Co-Founder … Read more
Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF
Anthony Scarammuci also noted that there was “clearly fraud” in the SBF and FTX debacle, while Mike Novogratz said there’s a side of him that would like to “punch” SBF in the face. Go to Source Powered by WPeMatico
Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter
The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does not mention the allegations made … Read more
Here’s how to quickly spot a deepfake crypto scam — cybersecurity execs
The fast-paced nature of the crypto markets means investors are under massive pressure to quickly verify whether a video message is authentic or not. Go to Source Powered by WPeMatico
FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention
While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds Former CEO of FTX … Read more
Like son, like father as Joseph Bankman retains attorney: Report
Sam Bankman-Fried’s father reportedly advised his son on matters related to lobbying lawmakers in Washington D.C. and may now be cooperating with prosecutors. Go to Source Powered by WPeMatico
Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023
Bipartisan support for cryptocurrencies exists on both sides of the aisle and in both chambers, but extreme elements could still thwart legislation. Go to Source Powered by WPeMatico
Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’
The former FTX leader denied any involvement In regards to the allegations Alameda had used FTX customer funds, and said he was pressured into naming John Ray as CEO. Go to Source Powered by WPeMatico
