According to a statement that was made public on February 5th, the new management of FTX is attempting to recoup political contributions that have been given by Sam Bankman-Fried and other FTX executives up to February 28th. This action is being taken as part of the bankruptcy procedures for the
According to a story in the Wall Street Journal, the seller of a property that was tied to Sam Bankman-political Fried’s expenditures removed the property off the market as a demonstration of “good faith” after discovering that the property was linked to FTX customer money. The townhouse, which can be
FTX’s new management is sending messages to politicians and political groups to return donations by the end of the month. 3103 Total views 56 Total shares Own this piece of history Collect this article as an NFTFTX’s new management seeking to recover political donations made by Sam Bankman-Fried and other
$1.48 million in cryptocurrencies was cashed out from Alameda and SBF-linked wallets through four different off-ramps. Key Takeaways Sam Bankman-Fried may have sent over $1.48 million worth of crypto to various exchanges to cash out the funds. One of his publicly-known wallets, along with numerous known Alameda wallets, consolidated funds
Advertisement     Embattled FTX CEO has reportedly listed his Washington, D.C. property for sale. The 4,100 square-foot-property purchased last year April is the latest in a long list of belongings given up by the 30-year-old Sam Bankman-Fried since being arrested and extradited from the Bahamas. Featuring a luxurious four-bedroom
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder
Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell below expected levels. As a result, many crypto-related firms have started implementing restructuring strategies right from
February 4, 2023 │ 4:00 AM GMT Sam Bankman Fried’s fall from grace has been catastrophic. Once considered the darling of the cryptocurrency world, the former CEO of FTX and Alameda Research co-founder now faces serious time behind bars on fraud charges. FTX’s collapse sent shockwaves throughout the crypto industry.
The exchange is seeking information from seven of Sam Bankman-Fried’s closest advisors. Key Takeaways FTX wants Sam Bankman-Fried’s inner circle to provide more information about their own personal assets. According to the filing, Bankman-Fried’s father, mother, and brother were all involved in the exchange’s operations in various ways. Former FTX
Caroline Ellison is being granted $250,000 bail in exchange for pleading guilty to seven criminal charges. Key Takeaways Alameda Research CEO Caroline Ellison is entering a plea agreement with the U.S. Department of Justice. The Southern District of New York is promising $250,000 bail and no further FTX-related prosecution (except
FTX, a defunct cryptocurrency exchange, has admitted that its clients have recently been targeted by a series of scams and frauds perpetrated by third parties. These schemes were designed to take advantage of the consumers’ dire financial circumstances. On February 3, FTX issued a warning to its clients about recent
As part of its “multi-stage strategy” to cracking down on cryptocurrencies and ensuring that crypto companies provide accurate risk disclosures, the Australian government is increasing the size of the digital asset team that works under its market regulator. The new restrictions are intended to safeguard consumers who are dealing with