Sam Bankman-Fried, the former CEO of now-bankrupt FTX and a former billionaire, saw his net worth wiped out over the past 24 hours after it fell $861 million, a decline of 100%, according to Bloomberg...
Tag: SBFs
Former Enron chairman takes over SBF’s bankrupt crypto cartel
Sam Bankman-Fried’s crypto exchanges FTX and FTX.US, trading firm Alameda Research, and over 100 related entities have declared Chapter 11 bankruptcy. Chapter 11 bankruptcy is focused on reorganizatio...
SBF’s Leaked Chat Reveals FTX Anticipates a Raise From Tron’s Justin Sun
The fall of the FTX empire has sent the crypto market into yet another deadly spiral. With Binance pulling out of the deal, Tron’s Justin Sun has joined the rescue race. In the latest update, the exec...
SBF’s Wealth Suffers an Estimated 94% Drop After FTX Fiasco: Bloomberg
The past few days saw extreme turbulence related to FTX, Alameda, and Binance. In the wake of it, ending with Binance’s statement of intent to take over FTX’s business, the CEO of both companies has b...
SBF’s $16 billion fortune sees a 94% wipeout – here’s why
Sam Bankman-Fried’s net worth just a few days ago was nearly $16 billion. The FTX founder and CEO ranked among the 500 richest people in the world as of this week. SBF, as he’s fondly known in the cry...
Here’s what SBF’s leaked crypto draft has in store for DeFi
Last week, Sam Bankman-Fried (SBF) was criticized when a leaked draft of crypto legislation revealed a controversial clause that would severely regulate DeFi. The first major headline from the leaked ...
SBF’s Views on Centralized Industry Standards Clashes to Crypto Community
SBF represents his views on the necessary crypto regulations. The solutions according to the draft. Let’s know the reaction of the crypto community. Ideas of crypto regulations and industry standards ...
SBF’s FTX In Big Trouble Over Regulations Amid Crypto Downturn
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry throug...
Takeovers, trading, and tokens: SBF’s crypto empire unraveled
Voyager Digital has branded FTX founder Sam Bankman-Fried’s (SBF) attempt to buy assets belonging to the troubled crypto lender as “a low-ball bid,” that could “create chaos” in the firm’s ongoing ban...
SBF’s Alameda Owing Bankrupt Crypto Broker $376 Million Is Interesting Twist, According to Binance’s CZ
Gamza Khanzadaev Changpgeng Zhao comments on Alameda’s debt to bankrupt crypto broker Voyager As became known from the disclosed bankrupt crypto broker Voyager report, Alameda Research, a crypto...
BlockFi Secures $250 Million Credit Facility From SBF’s FTX
BlockFi’s CEO – Zac Prince – took it to Twitter to announce the term sheet deal with FTX to obtain a revolving credit worth $250 million. The company aims to utilize the funds to strengthen its balanc...
Jack Dorsey Responds to SBF’s Comments on Bitcoin Scaling and Proof of Work
Jack Dorsey was not pleased with FTX CEO Sam Bankman Fried (SBF)’s recent criticisms of Bitcoin’s viability as a payments system. The Block Head confronted him yesterday over his failure to acknowledg...
Crypto Weekly Roundup: Terra’s Debacle, Market Crash, SBF’s Robinhood Acquisition, Azuki Founder’s Shady Past, Germany’s Crypto Tax, And More
The crypto space has had a difficult week, with the UST crumbling and LUNA’s value dropping to zero, resulting in possibly the worst week the crypto space has endured since the March 2020 crash, drawi...
Bank of Russia to use SBFS as an alternative to SWIFT
The financial institutions in Russia have not been fairing well over the past week due to the economic sanctions that have been imposed on the country by the US and European countries. One of the majo...
SBF’s Past Comments on Crypto Projects Failing Comes to Haunt Back
A few months earlier, FTX CEO SBF said several “third-tier” crypto exchanges were insolvent but yet to be exposed. This was when several crypto lending platforms suffered massive financial contagion f...