Former FTX founder Sam Bankman-Fried (SBF) is facing new charges that include operating an unlicensed money transfer business and involvement in bank fraud. The indictment alleges that SBF used his position of trust to steal FTX customer deposits and used…
Embattled FTX Founder Reportedly Cashes out $684K Shortly After Bail Release
According to on-chain data, FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail. Violation of Bail Terms? According to the on-chain investigation by DeFi educator BowTiedIguana, SBF cashed out $684,000 in…
Crypto Twitter Is Bewildered By SBF’s $250M Bail and Return to Riches.
Crypto Twitter appears to be upset with Sam Bankman-Fried’s $250 million bail bond, which allows him to spend Christmas in his parents’ Palo Alto home without paying a single dime. The former FTX CEO arrived in New York from the…
FTX’s Sam Bankman-Fried Finally Extradited to the US to Face Criminal Charges
A plane carrying Sam Bankman-Fried, the former CEO of FTX, has arrived in the United States from the Bahamas, where he is facing fraud charges related to the collapse of the crypto exchange, which wiped out billions in valuations. Wednesday…
Democrats Want to Return Over $1 million of SBF’s Donations to FTX Victims
Three well-known Democratic organizations have resolved to return over $1 million to investors who lost their money as a result of misappropriation following the arrest of former FTX CEO Sam Bankman-Fried (SBF). FTX’s Campaign Contributions After the businessman was charged…
SBF Wants to Start New Business to Repay Aggrieved FTX Investors
With over a million FTX creditors owed up to $50 billion, FTX’s former CEO has expressed interest in starting a business to repay them all. Repaying Aggrieved Customers The founder and former CEO of the bankrupt cryptocurrency exchange FTX have…
Paxful CEO Promotes Self-custody and Warns Against Crypto Exchanges
While some executives chose to double down on ensuring the security of funds on their platforms, Ray Youssef, CEO of crypto exchange Paxful, backed the idea of self-custody. Case For Self-custody The case for self-custody strengthens as investors demand proof…
Sam Bankman-Fried Secretly Funded Crypto News Site, The Block
According to Axios, The Block, a media company that claims to cover crypto news independently, has been secretly funded for more than a year with money funneled to The Block’s CEO from the disgraced Sam Bankman-Fried’s crypto trading firm. Credibility…
Canadian Billionaire Kevin O’Leary Reveals $15M Payment to Become FTX Spokesman
Canadian business person, Shark Tank judge, and contributor to CNBC Kevin O’Leary admits he lost a $15 million payment made to him by FTX. In an interview with CNBC, he disclosed that the now-defunct cryptocurrency exchange FTX had paid him…
FTX Was Lining Up $100M Liverpool and Manchester United Sponsorship Deals
According to sources, Sam Bankman-Fried’s FTX exchange held discussions earlier this year about sponsoring Manchester United and Liverpool of the English Premier League. FTX’s Broad Ambitions Those conversations highlight how eager the now-bankrupt corporation was to spend a sizable quantity…