Sam Bankman-Fried – Page 54

Vitalik Buterin calls out FTX for virtue signaling: ‘deserves what its getting’

While acknowledging the damage caused by FTX, Buterin believes that FTX CEO Sam Bankman-Fried, as a person, deserves love.

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

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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Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai

It is understood that Sam Bankman-Fried and two former FTX associates are currently being detained by Bahamian authorities.

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FTX CEO Confirms Reports of ‘Unauthorized Access to Certain Assets,’ Team Is ‘Coordinating With Law Enforcement’

Following the reports that said FTX wallets were being drained and the FTX Telegram channel’s admins that detailed its possible malware might be present in FTX-related apps and websites, the company’s new CEO John Ray confirmed there were “unauthorized transactions.” The news was shared by FTX US’s general counsel Ryne Miller and retweeted by FTX’s […]

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Sam Bankman-Fried denies rumors that he fled to Argentina

SBF stepped down as CEO of FTX on Nov. 11 after initiating Chapter 11 bankruptcy proceedings in the District of Delaware.

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Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar

On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The company’s bankruptcy filing and information concerning Sam Bankman-Fried’s (SBF) quantitative cryptocurrency trading firm Alameda Research shed […]

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Binance CEO CZ on FTX crash: “We’ve been set back a few years”

With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence.

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Japanese Regulator Slaps FTX Japan With Business Suspension Order

Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16. Japanese Regulator Takes Action Against FTX Japan Japan’s Financial Services Agency (FSA) announced Thursday […]

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FTX funds on the move: bankruptcy proceedings, insider threat or a hack?

The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours.

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‘Need to update my LinkedIn’ — FTX Ventures head resigns: Report

Amy Wu’s resignation followed the news 134 companies associated with the FTX Group would be filing for bankruptcy under Chapter 11 in the United States.

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