The fallout of FTX, a crypto exchange platform has brought about turmoil in the blockchain industry. Key industry experts and analyst have given their opinion on what they think resulted in the compa...
Tag: BankmanFried
What’s happening with Elon Musk and Sam Bankman-Fried?
In a matter of weeks, two major players in the tech industry have seen their net worth drop by billions of dollars — partly the result of their own business decisions. Sam “SBF” Bankman-Fried, the now...
Sam Bankman-Fried Will No Longer Serve as FTX CEO, Position Already Filled
Sam Bankman-Fried has officially stepped down as FTX CEO. The company has filed for Chapter 11 for bankruptcy. New CEO will restructure the company. FTX Requires Restructuring The unexpected collapse ...
FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO
Troubled crypto exchange FTX filed for Chapter 11 bankruptcy protection in the U.S., with Sam Bankman-Fried resigning as the CEO. The bankruptcy application included approximately 130 more affiliated...
Sam Bankman-Fried “Set Off My Bullshit Detector”: Elon Musk
Key Takeaways Elon Musk has revealed that he thought there was “something wrong” with Sam Bankman-Fried when he was first introduced to him ahead of his Twitter buyout. Musk urged crypto u...
Sam Bankman-Fried ‘Set Off My BS Detector’ When He Approached About Twitter Investment
After the epic collapse of Sam Bankman-Fried’s entire crypto empire this week, even Elon Musk took a moment from his extremely chaotic week at the helm of Twitter to declare that he never truste...
Sam Bankman-Fried Fooled the Crypto World and Maybe Even Himself
(Bloomberg) — Before the world began to grasp the truth about Sam Bankman-Fried — before the panic, the investigations and, at last, the brutal collapse — an inkling of doom began to...
Rumors continue to fly surrounding Sam Bankman-Fried and the fall of FTX
The crypto community continues to be bombarded with rumors and conspiracy entering into the fifth day of FTX’s fall. From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac at The Bahamas...
Larry Summers has some choice words for Sam Bankman-Fried and FTX
The FTX downfall is not so much a Lehman moment as an Enron one. So says former Treasury Secretary Larry Summers about the once-heralded cryptocurrency exchange that today declared bankruptcy and anno...
CEO Bankman-Fried Resigns as FTX Files for Bankruptcy Protection in The U.S.
Days after bigger rival Binance withdrew from a planned acquisition, the announcements were made. On November 11 – The troubled cryptocurrency exchange FTX said on Friday that it would file for bankru...
Sam Bankman-Fried To Be Investigated By the U.S. SEC
Following the spectacular demise of the crypto exchange FTX, its CEO, Sam Bankman-Fried, is now facing a probe by the United States Securities and Exchange Commission (SEC). According to reports by Bl...
Bankman-Fried said FTX.US was ‘FINE!’ one day before bankruptcy filing
Former FTX CEO Sam Bankman-Fried insisted the U.S. arm of his crypto empire was “FINE!” after the company’s utility token collapsed — right up until FTX.US filed for bankruptcy on Friday morning. ...
Famed short seller Bill Ackman defends Bankman-Fried then deletes tweet
In an almost instantly-deleted tweet, billionaire and activist investor Bill Ackman “gave credit” to founder and chief exec of bankrupt crypto exchange FTX Sam Bankman-Fried (SBF) for his “accountabil...
FTX files for bankruptcy, Sam Bankman-Fried steps down from CEO role
FTX, alongside 130 affiliated companies including FTX.US and Alameda Research, has filed for Chapter 11 bankruptcy amid the liquidity crunch. Press Release pic.twitter.com/rgxq3QSBqm — FTX (@FTX_Offic...
FTX CEO Bankman-Fried Resigns, Bankruptcy Proceedings Begin
By Jon Rice / November 11, 2022, 9:23 am EST In a notice posted to the FTX official Twitter account this morning, FTX announced that Sam Bankman-Fried would be stepping down from his position as CEO o...
FTX Files For Bankruptcy—Former Billionaire Sam Bankman-Fried Resigns As CEO
Topline Embattled cryptocurrency exchange FTX announced on Friday morning it has commenced Chapter 11 bankruptcy proceedings and that its former billionaire CEO Sam Bankman-Fried has resigned from the...
Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’
In one of his first public statements since rumors and concerns about FTX’s insolvency flooded the crypto market, CEO Sam Bankman-Fried, or SBF, has said: “I’m sorry.” In a Nov. 10 Twitter thread, SBF...
Bankman-Fried sold FTX equity to employees at 50% discount in spring: Sources
FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, a person familiar with the matter told The Block. In June, about 20 people were fired off across the or...
SEC Probes Bankman-Fried as Bahamas Freezes Assets
(Bloomberg) — Sam Bankman-Fried is being investigated by the US Securities and Exchange Commission for potential violations of securities rules. Officials in the Bahamas, where FTX.com is based,...
Washington, D.C.’s Buddy Sam Bankman-Fried Has Some Explaining to Do
Last month, in the span of a few days, the man known as SBF appeared at no fewer than three major Washington events, with lawmakers, prominent bankers and financial academics in the audience. In the e...
FTX US Warns of Trading Halt Hours After Bankman-Fried Says It’s ‘100% Liquid’
Crypto exchange FTX US – the U.S. wing of Sam Bankman-Fried’s crypto trading empire – warned its users to close their positions as it might halt trading in the coming days. “Announcement 2...
People charmed by FTX CEO Sam Bankman-Fried will be ‘looking and feeling fairly silly,’ Larry Summers warns of crypto crackdown
The exponentially increasing troubles at FTX, previously one of the largest crypto exchanges in the world, could be the catalyst to increased federal regulation of the cryptocurrency world, warned for...
FTX’s Bankman-Fried seeks more than $9 billion for exchange rescue: Reuters
Beleaguered crypto exchange FTX is seeking to raise more than $9 billion to plug a financial shortfall, according to Reuters. CEO Sam Bankman-Fried is looking to draw funds from numerous sources...
FTX CEO Sam Bankman-Fried Tells Investors the Troubled Exchange Needs Cash To Avoid Bankruptcy: Report
The CEO of the cash-strapped FTX crypto exchange is reportedly warning investors that the company will collapse if it fails to get additional capital. Citing a person familiar with the matter, Bloombe...
‘I’m sorry, I f****d up.’ Sam Bankman-Fried needs $4 billion. Fast
Sam Bankman-Fried is on a race to secure $4 billion to save FTX, after rival Binance ditched its 11th-hour bid to buy the collapsing crypto exchange. Bankman-Fried reportedly told investors on Wednesd...
‘I Sincerely Apologize’ – Sam Bankman-Fried Breaks Silence on Collapse of Crypto Exchange FTX
Sam Bankman-Fried is apologizing for the collapse of his billion-dollar crypto exchange, FTX. In a tweetstorm that breaks a two-day period of silence, Bankman-Fried offers new details on what he says ...
The many lies of Sam Bankman-Fried
Until recently, Sam Bankman-Fried (SBF) had one of the largest fortunes in the digital industry world, with an estimated net worth exceeding $16 billion. Yet now the world can see the truth: SBF lies ...
Sam Bankman-Fried Tells Investors FTX Needs $8 Billion Bailout
The announcement came in a call to investors on Nov. 9, just after Binance pulled out of the deal to acquire FTX. SBF said he hoped the beleaguered exchange could raise as much as $3-4 billion in equi...
Bankman-Fried secretly moved $4 billion including FTX customer deposits to Alameda
New details are coming to light regarding the behind the scene events that saw cryptocurrency exchange FTX encounter a significant liquidity crunch resulting in the near-collapse of the platform. The ...
‘I have never before seen a CEO take responsibility as he does’: investor Bill Ackman comments on Sam Bankman-Fried in now-deleted Tweet
Bill Ackman, famous hedge fund billionaire investor, defended former chief executive of crypto exchange FTX Sam Bankman Fried’s leadership in a now deleted Tweet on Thursday. “You have to give @SBF_FT...