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
$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
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
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
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent
Despite the prison’s sinister reputation, Sam Bankman-Fried appears to have a relatively sheltered stay at Fox Hill. Key Takeaways Sam Bankman-Fried enjoys rare perks in Nassau’s prison. His privileges include a television set, local newspapers, vegan food, and an air-conditioned cell. The FTX founder formally agreed to extradition earlier today
Top FTX executives came to him with concerns about Alameda’s liabilities on multiple occasions. Cover artwork: Jeenah Moon/Bloomberg/Getty Images, Relight Motion (edited by Mariia Kozyr) Key Takeaways Top FTX executives worried about Alameda using FTX customer money back in 2020, the New York Times has revealed. Sam Bankman-Fried reportedly dismissed
The sprawling search for FTX-related assets is yielding results. Key Takeaways The new FTX management has located over $5 billion in liquid assets. These include cash, liquid cryptocurrencies, and liquid investment securities. The sum does not include the $425 million being held by the Securities Commission in the Bahamas, nor
At least five organizations have signaled their intention of returning FTX political contributions. Photo credit: Melissa Alcena/Bloomberg; Shutterstock background by cowardlion. Key Takeaways Various political organizations belonging to the Democratic Party have announced they would return Sam Bankman-Fried’s donations. At least $9.85 million will be sent back by the Senate
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in the