Topline The Florida Athletic Commission has stalled a request to open a slap fighting league pending advice from medical experts, combat sport website Bloody Elbow reported Tuesday, as outrage and con...
Tag: Sam Bankman-Fried
What To Know About Effective Altruism—Championed By Musk, Bankman-Fried And Silicon Valley Giants
Topline Effective altruism, which started as a small movement at Oxford University over a decade ago, is an influential and controversial philosophy backed by billionaires—including Facebook co-founde...
Sam Bankman-Fried’s inner circle turns on him
A third member of FTX founder Sam Bankman-Fried’s inner circle pleaded guilty to criminal charges, significantly upping the legal peril for the embattled former CEO. Former FTX Director of...
FTX Executive Nishad Singh Pleads Guilty In Fraud Probe
Topline The co-founder of the bankrupt cryptocurrency company FTX, Nishad Singh, pleaded guilty on Tuesday to six charges of criminal fraud for his role in a scheme to defraud investors, becoming the ...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
Bankman-Fried Hit With Four New Criminal Charges Alleging Illegal Political Donations And Bank Fraud
Topline Former billionaire Sam Bankman-Fried, the founder of befallen crypto exchange FTX, has been charged with four new criminal counts including allegations of illegal political donations and bank ...
Republican Congressmen Call Out SEC’s Gensler in FTX Records Request
Two Republican congressmen are the latest US politicians to join a growing chorus of those urging the SEC to share details around its correspondence with FTX founder Sam Bankman-Fried and the Justice ...
Bitcoin slips as memecoins lead loses; GBTC discount to NAV widens
Cryptocurrency prices slipped across the board, even as the sector buzzes about the future of AI and big data tokens. Bitcoin was trading at $22,722 by 9:35 a.m. EST, down 1.5% over the past day...
SDNY Wants SEC, CFTC To Postpone Cases Against Bankman-Fried
Prosecutors in the Southern District of New York (SDNY) have asked the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to postpone their cases against the disg...
Robinhood’s crypto trading revenue dips 24% in Q4, along with most everything else
Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
Robinhood expected to report record revenue despite sour markets: Preview
Robinhood will report its fourth quarter results on Wednesday, with the company expected to hit its highest quarterly revenue figure to date. The online brokerage, which gained popularity duri...
A CFTC commissioner’s enthusiasm for crypto draws attention
The courtship between the crypto industry and Washington, D.C. captivated the financial policy world over the past year. As that saga has played out, Caroline Pham emerged as something of a cele...
Sam Bankman-Fried tried to influence witness through Signal: DOJ
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images...
Big funding rounds, layoffs and FTX developments
The past week saw an interesting set of big funding announcements, although the overall market sentiment remains bearish. Several companies announced job cuts as they struggled to stay afloat with the...
Prosecutor seek to restrict Bankman-Fried’s bail terms after apparent attempts to influence witnesses
U.S. Attorneys want to restrict FTX founder and ex-CEO Sam Bankman-Fried’s access to encrypted messaging services and bar communication with former FTX and Alameda employees, after prosecutors suggest...
Critics of Sequoia’s Investment In Sam Bankman-Fried Continue To Elevate…Sequoia
Time will tell on the matter of Sam Bankman-Fried and FTX. The view expressed in my new book The Money Confusion is that with any new commercial sector, there’s always lots of failure in the early sta...
Crypto Giant Genesis Files For Bankruptcy As Casualties Mount After FTX Collapse
Topline Cryptocurrency lender Genesis filed for bankruptcy late Thursday night, court documents show, the latest major player to fold and another blow to the sector as it struggles to recover from the...
Crypto lender Genesis Trading files for bankruptcy protection
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the lates...
“Alternative Protein” Nonprofits Should Return Donations To FTX
FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, … [+] 2022. – New York judge Gabriel Gorenstein ordered Bankman-Fried be released on $250 mi...
Bitcoin has now recovered all its losses since FTX collapsed
A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin has held steady above $21,000 for the last two day...
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...
Ex-president of FTX US says SBF relationship reached ‘total deterioration’
Brett Harrison, former president of FTX US, shared his experience at the company and working with Sam Bankman-Fried — and ultimately why he left his so-called “dream job.” In a 49-pa...
Scaramucci changes tone on FTX, says it’s clear there was fraud now
Anthony Scaramucci has done a 180 on FTX. “It’s very clear now that there was fraud,” the SkyBridge Capital founder told CNBC. “We’ll, of course, have to let the le...
Media power group files request to reveal SBF’s secret bail signatories
A collection of news media giants requested that the court handling fallen crypto mogul Sam Bankman-Fried’s criminal case reveal who, other than his parents, signed his $250 million bail bond. T...
Hedge Fund Billionaire Bill Ackman Empathizes With Fallen FTX Chief Sam Bankman-Fried
Topline Hedge fund billionaire Bill Ackman appeared to defend Sam Bankman-Fried from fierce criticism on Thursday as the fallen crypto mogul fights criminal charges following the dramatic collapse of ...
Sam Bankman-Fried denies stealing FTX user crypto in new Substack post
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Timothy A. Clary | AFP | Getty...
Bankrupt FTX Has Recouped Over $5 Billion In Liquid Assets—But Still Has Billions More To Go To Meet Liabilities
Topline FTX has recovered more than $5 billion in cash, easily sellable digital assets and other liquid holdings thus far, an attorney for the disgraced crypto exchange said in a Delaware bankruptcy c...
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...
SBF Claims Robinhood Shares Necessary for Personal Legal Defense
Sam Bankman-Fried is fighting to retain control of his some $450 million worth of Robinhood stock prosecutors staked claim over on Wednesday, a new court filing shows. The Department of Justice,...