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...
Tag: FTX
FTX Stored Private Keys Without Encryption; Left Funds Vulnerable
The Pandora’s Box that is the FTX debacle continues to churn out one astonishing revelation after another about the leadup to the exchange’s dramatic collapse, as it emerged that the exchange stored p...
FTX Founder Faces Eight Criminal Charges to 115 Years of Prison
A day after FTX founder Sam Bankman-Fried was arrested by the Bahamian authorities, SBF has been denied bail by the judge. Soon after his arrest, SBF’s attorney requested to release his client after p...
Ripple’s General Counsel Says SEC Is Focused on Recovering FTX Funds For Large Investors, Not “Consumers”
– Advertisement – Alderoty faults SEC’s recently-filed charges against SBF. Ripple’s general counsel Stuart Alderoty has commented on the recent charges filed by the Securities and Exchang...
CEO John J Ray Claims “Embezzlement” FTX Failure’s Root Cause
In an ongoing Congressional hearing, FTX’s newly appointed chief executive John J Ray III had a mouthful to talk about the FTX and its founder, Sam Bankman-Fried. He told the panel that SBF “should ha...
FTX CEO John Ray testimony before Congress, SBF denied bail
On Dec. 13 at 10 am ET, John J. Ray III, CEO of the FTX Group, sat as a witness on a hearing entitled “Investigating the collapse of FTX, Part I.” Sam Bankman-Fried was scheduled to attend the hearing...
SBF Wanted To Keep SEC Out Of Crypto Regulation: FTX Hearing
FTX Hearing News: The Congressional hearing on the FTX crisis is turning out to be very interesting with the comments from CEO John J. Ray III. As Sam Bankman-Fried continues to be in police custody i...
Manhattan Court Finds FTX Founder SBF Guilty To Wire Fraud
The FTX founder has found himself in a whirlwind of federal indictments today, with the Securities And Exchange Commission charging Sam Bankman-Fried with defrauding investors by using billions of dol...
Crypto hotspots continue to thrive despite FTX collapse
The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue...
Where did the money go in FTX crypto collapse?
The collapse of FTX, a cryptocurrency exchange once valued at $32 billion — and founder Sam Bankman-Fried’s arrest Monday on a number of charges alleging he defrauded his investors — have prompt...
CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud
The United States Commodity Futures Trading Commission, or CFTC, has filed a lawsuit against Sam Bankman-Fried, FTX and Alameda Research, claiming violations of the Commodity Exchange Act and demandin...
FTX Founder Sam Bankman-Fried Denied Bail in the Bahamas
Magistrate Judge Joyann Ferguson-Pratt ordered that there be an extradition hearing next year, on Feb. 8, 2023, at 10:00 a.m. ET. Bankman-Fried’s attorneys initally asked the judge to consider t...
Stringent Crypto Regulation Incoming After FTX Collapse: Warns Thai SEC
The FTX collapse spurred action from yet another financial watchdog. The Thailand Securities and Exchange Commission (SEC) is gearing up to impose more stringent regulations on crypto assets similar t...
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail – Bitcoin News
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money ...
6 Takeaways From SBF’s Planned Testimony Transcript
Bahamian authorities arrested FTX founder Sam Bankman-Fried Monday night, just hours before he was scheduled to testify in front of the US House Financial Services Committee. Bankman-Fried faces charg...
FTX CEO John J. Ray III Testifies as Committee Grills for Answers
The CEO of FTX, John J. Ray III, testifies to the US House Committee on Financial Services. He claims $1 billion worth of assets are secured. After the collapse of FTX, Tuesday was another day filled...
FTX Used Client Assets for Margin Trading at Alameda, Confirms Bankruptcy Lawyer
FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee on Friday to break down some of the internal details of the exchange’s fallout. Ray said that FTX cust...
FTX fallout continues with Bankman-Fried arrest. But where is former Alameda CEO Caroline Ellison?
FTX founder Sam Bankman-Fried is squarely in the spotlight following his arrest in the Bahamas, but attention is also focused on the whereabouts of Caroline Ellison, former CEO of Alameda Research, th...
Ark Investment CEO says The Former FTX CEO Dislikes Bitcoin
Cathie Wood predicted that the Bitcoin price would surge to $1 million despite FTX’s bankruptcy Cathie Wood believes that Sam Bankman-Fried didn’t like Bitcoin Cathie Wood, the Ark Investment CEO, bel...
Ark Invest Renews Coinbase Bull Case With Share Buys
Ark Invest said Coinbase is poised to benefit from the crash of rival exchange FTX despite near-term weak sentiment in the crypto space, as the fund group recently resumed buying the stock for its lar...
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse – Coinotizia
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF...
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried – Bitcoin News
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer depos...
The Former FTX CEO Wants To Start A New Business
Sam Bankman-Fried was arrested in the Bahamas. Credit investment firms want to purchase claims from FTX users. Caroline Ellison hired former top SEC crypto regulator The founder and former cryptocurre...
SBF Perpetrated ‘One of the Biggest Financial Frauds in American History,’ Says US Attorney
United States agencies teamed up to deliver joint statements regarding Sam Bankman-Fried’s indictment Tuesday. The US Attorney of the Southern District of New York hosted a press conference Tues...
Bankman-Fried denied bail, remanded to custody in the Bahamas: Reuters
Sam Bankman-Fried is headed to jail after a magistrate judge in the Bahamas denied his bail application and remanded him to the Department of Corrections, Reuters said. The disgraced former CEO of FT...
FTX Did Its Invoicing, Expenses Over Slack and QuickBooks: New CEO John Ray
FTX employees did invoicing and expenses over Slack and used QuickBooks, consumer-level tax software, to handle its accounting, the company’s new CEO John Ray III said during Tuesday’s Hou...
FTX Collapse Could See Robinhood Follow in Its Footsteps
The FTX exchange has taken down several exchanges and other companies. Could Robinhood be the latest casualty? The collapse of FTX, which was once the second-largest exchange in the world, has eaten a...
What Happened To Crypto Giant FTX? A Detailed Summary Of What We Actually Know So Far
Sam Bankman-Fried of FTX photographed in March 2021 by Virgile Simon Bertrand for Forbes. Virgile Simon Bertrand/The Forbes Collection Key Takeaways FTX, a crypto exchange, went from being worth $32 b...
FTX Crash- Major Player SBF Under Bahamas Custody
Former FTX CEO and co-founder Sam Bankman-Fried was arrested Yesterday. FTX’s SBF was testified as a witness in the U.S. House of Representative. New CEO John Ray III explains the difficulties at orga...
Bahamian Regulator Accuses John Ray of ‘Misstatements’ Regarding FTX
The Securities Commission of the Bahamas has accused new FTX CEO John Ray of making “misstatements” in order to “advance questionable agendas” related to the exchange’s restructuring. Liquidatio...
FTX stored private keys without encryption, the exchange’s new chief said
FTX previously stored private keys to crypto wallets without encryption during Sam Bankman Fried’s reign, leaving “hundreds of millions of dollars” vulnerable to theft or other malic...