FTX debtor Alameda Research is suing Grayscale, Digital Currency Group and CEO Barry Silbert in an effort to recover share value. Alameda claims Grayscale’s fee structure and failure to allow in...
Tag: alameda research
New FTX CEO says the crypto exchange could be restarted: WSJ
Update: Former FTX CEO Sam Bankman-Fried responded on Twitter to John Ray III’s plan to restart the exchange. “I’m glad Mr. Ray is finally paying lip service to turning the exc...
Reveal Secret Signatures On SBF’s $250M Bond: Media Lawyers
Eight mainstream media outlets are calling for the release of two unknown names who co-signed Sam Bankman-Fried’s $250 million bond. In a letter filed with the court on Thursday, lawyers from Davis Wr...
Alameda lost $1 million in liquidations: report
Troubled crypto trading firm Alameda Research lost over $1 million in assets from liquidation last night, according to a report from the crypto intelligence firm Arkham. The account initially he...
Prosecutors investigate former FTX executive Nishad Singh: Bloomberg
Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers’ funds, Bloomberg first r...
Troubles at Sam Bankman-Fried’s Alameda Began Well Before Crypto Crash
Sam Bankman-Fried built the cryptocurrency exchange FTX on the reputation of his trading firm, Alameda Research LLC. Alameda was applying Wall Street-style wizardry to the crypto world—and outsiders t...
Strange FTX Hack Upon Bankruptcy Finally Attracts US Feds
The US Department of Justice (DOJ) is reportedly probing an apparent hack worth $372 million on crypto exchange FTX as it filed for bankruptcy on Nov 11. Blockchain analytics unit Elliptic initially r...
FTX Wants SBF’s $450M Robinhood Stake Frozen After BlockFi Sues
FTX has asked a US court to freeze $450 million in Robinhood shares following a competing claim from embattled crypto lender BlockFi. BlockFi declared bankruptcy and sued a Sam Bankman-Fried holding c...
SBF, Ellison Thought Bitcoin Would’ve Crashed More As FTX Caved
In the FTX saga’s earliest days, disgraced co-founder Sam Bankman-Fried was actually surprised it hadn’t impacted bitcoin more. A complaint filed by the Commodity Futures Trading Commission (CFT...
FTX, Alameda Execs Plead Guilty to Fraud, Released On Bail
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal criminal charges over their role in fraud which contributed to FTX’s implosion. US attorn...
Sam Bankman-Fried Faces Extradition To U.S.—Here’s What To Know
Topline A Bahamas judge on Wednesday approved the extradition of former billionaire Sam Bankman-Fried, the founder of befallen crypto exchange FTX, from a Nassau jail to the United States, where the f...
FTX Wants to Sell LedgerX, Japan and Europe Platforms — Fast
As FTX enters its second month of bankruptcy, its new stewards are eager to sell four affiliated businesses — including its Japanese and European subsidiaries. In a Thursday petition filed in Delaware...
Embattled crypto lender Amber Group raises $300 million
Singapore-based crypto lender Amber Group today announced a $300 million fundraise that comes amid layoffs and refocusing at the company. Amber said in a tweet that it had closed a Series C roun...
Only 3 FTX Execs Could’ve Sent User Funds to Alameda: Co-CEO
A senior FTX executive blew the whistle on user funds being siphoned to Sam Bankman-Fried’s trading shop Alameda Research, just days before the firms filed for bankruptcy. Ryan Salame, co-CEO of...
No Bail for Bankman-Fried, Leaves Bahamas Court in Handcuffs
Sam Bankman-Fried has not been granted bail by a Bahamas court, with the disgraced crypto entrepreneur pictured leaving in handcuffs. Bankman-Fried, who founded the now-bankrupt crypto exchange FTX, w...
Alameda’s Ellison Hires Ex-SEC Lawyer Who Charged Musk, Holmes
Caroline Ellison, the disgraced CEO of Alameda Research, has reportedly hired a former US Securities and Exchange director as her lawyer. Stephanie Avakian, Ellison’s new counsel, previously oversaw h...
Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: Bloomberg
Former Alameda Research head Caroline Ellison hired a former crypto regulator at the U.S. Securities and Exchange Commission to represent her in an ongoing federal probe into the collapse of the FTX e...
Feds investigating FTX founder SBF for possible market manipulation: NYT
U.S. prosecutors are probing into whether FTX founder and former CEO Sam Bankman-Fried could have manipulated the prices of TerraUSD and Luna cryptocurrencies earlier this year to benefit his business...
FTX Reportedly Pursued $100 Million To Sponsor Taylor Swift’s Tour
Topline Sam Bankman-Fried’s crypto exchange FTX reached “late stages” of negotiating a $100 million sponsorship deal with Taylor Swift before they ended last spring, according to the Financial Times. ...
2-hour sit-down with Sam Bankman-Fried on the FTX scandal
Episode 121 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro, and Sam Bankman-Fried, Co-Founder of FTX and Alameda Research. Listen below, and subscribe to Th...
‘The World Will Judge Me As It Will’
“A lot of people got hurt. And that’s on me,” Bankman-Fried told ABC’s George Stephanopoulos (Photo … [+] by Jabin Botsford/The Washington Post via Getty Images) The Wash...
Sam Bankman-Fried’s bizarre apology tour goes prime time
Many in his position would have likely laid low, but disgraced crypto entrepreneur and one-time billionaire Sam Bankman-Fried is nothing if not unusual. In another surprising twist, Bankman-Frie...
Bankrupt BlockFi Wants Bankman-Fried’s $520M Robinhood Stake
Crypto lender BlockFi has sued a Sam Bankman-Fried holding company over his Robinhood stock, just hours after the crypto lender filed for bankruptcy. Bankman-Fried pledged the shares to BlockFi as col...
The Block: Crypto bankruptcy filings: From 3AC to BlockFi
Just as the aftermath of the Terra crash in May triggered the downfall of some of the biggest crypto companies over the past six months, FTX’s unraveling may kick off a new wave of bankruptcy fi...
Bankruptcy experts weigh in on next steps for FTX
Episode 118 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, Dan Besikof, a Partner at Loeb & Loeb, and Mark Shapiro, a Partner at Shearman & Sterling. L...
FTX Run by ‘Inexperienced, Unsophisticated’ Traders, Court Hears
Lawyers managing the FTX bankruptcy likened the firm to a “personal fiefdom” of former CEO Sam Bankman-Fried in Delaware court on Tuesday. In the first hearing of what’s set to be a sprawling case, la...
More Fallout From The FTX Saga And Tech Layoffs Continue
Europa Press via Getty Images TL;DR The fallout from the FTX saga continues as Sam Bankman-Fried’s companies all file for bankruptcy—it leaves a potential $10 billion shortfall to over one million cre...
‘Nerdy’ and ‘highly intelligent,’ Alameda’s Caroline Ellison casts complex shadow
From precocious bookworm and mathlete to moving billions of dollars of customer money to allegedly cover her firm’s liabilities, the rise of Alameda Research CEO Caroline Ellison was almost as spectac...
Bankman-Fried cashed out $300 million during FTX fundraise last year: WSJ
FTX founder Sam Bankman-Fried quietly cashed out $300 million in personal stakes in the midst of a $420 million fundraise in October 2021, the Wall Street Journal reported. Bankman-Fried told in...
Does The FTX Bankruptcy Change Crypto Calculus In Your Retirement Account?
NurPhoto via Getty Images The collapse of the cryptocurrency exchange FTX sent ripples through the trading markets. And more. It’s a story that involves politicians, celebrities and, quite possibly, g...
Worse Than Enron: SBF’s FTX Has ‘Complete Absence of Trustworthy Information’
The new CEO of failed crypto exchange FTX has some harsh words for his predecessor, Sam Bankman-Fried. John J Ray III, who previously oversaw restructuring efforts at historic corporate failures such ...