Sam Bankman-Fried News

15.01 / 14:01

FTX FTX US US President Brett Former FTX US President Brett Harrison Details fallout with SBF in ‘Disputes Over Management Practices’

Brett Harrison, former president of FTX US, has revealed that he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his deputies over management practices.

15.01 / 01:05

business FTX Bankruptcy Alameda Research had a $65B secret line of credit with FTX: Report

Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion "secret backdoor line of credit" for Alameda Research, according to FTX attorney Andrew Dietderich.

14.01 / 20:51

FTX DOJ Ftx Trial DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest

The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.

13.01 / 12:23

cryptocurrency FTX Fried Sam 'I didn't steal funds': 10 quotes from Sam Bankman-Fried's blog on FTX crash

Sam Bankman-Fried, the fallen founder of cryptocurrency platform FTX, said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on other factors. In a blogpost, he said the FTX US remains fully solvent and that it should be able to return all customers’ funds.

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 21:05

cryptocurrency FTX FTX founder makes first detailed response to fraud charges

am Bankman-Fried, the disgraced cryptocurrency executive, on Thursday made his first detailed response to the criminal charges filed against him last month, arguing that the millions of customers of his collapsed exchange, FTX, could still get their money back.

12.01 / 20:34

Binance FTX Fried Bankman-Fried Continues to Blame Binance for the Collapse of His Crypto Empire

Former FTX CEO Sam Bankman-Fried has released an extensive Substack article talking about how his crypto empire collapsed, once again putting the blame on rival crypto exchange Binance.

12.01 / 17:51

business FTX Fried Sam Sam Bankman-Fried: 'I didn’t steal funds, and I certainly didn’t stash billions away.'

Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a ‘pre-mortem overview’ of the crypto exchange’s insolvency.

12.01 / 12:49

FTX Ftx Trial creditors FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors

Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing.

12.01 / 05:23

Bitcoin Fried From Bernie Madoff to Bankman-Fried: Bitcoin maximalists have been validated

Long before Bitcoin (BTC), Bernie Madoff sat atop the longest-running, largest fraud in history. The rise and real-time fall of Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX, were expedited in comparison. While the similarities are profound, the storyline is not: Create organizations under false pretenses, develop relationships with people in authority positions, defraud clients, survive as long as possible, and try not to get caught.

12.01 / 01:51

business FTX Bankruptcy Miami-Dade gains right to remove FTX name from Heat arena

Miami-Dade County will soon start to remove FTX's advertising brand from the NBA’s Miami Heat arena, after granting the right from a United States bankruptcy judge in Delaware on Jan. 11, the Associated Press reports.

11.01 / 19:41

cryptocurrency FTX FTX bankruptcy Failed crypto exchange FTX has recovered over $5 billion, attorney says

Crypto exchange FTX has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday.

11.01 / 15:15

FTX Fried Sam Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?

New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers.

10.01 / 08:47

business FTX Bankruptcy LedgerX FTX units on auction block draws 117 interested buyers: Court filing

As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed.

09.01 / 19:09

Robinhood FTX DOJ Fried The DOJ Seizes $500M of Robinhood Shares Tied to Bankman-Fried

The US Department of Justice has retained control of the contested 56 million shares of Robinhood, a popular financial trading app, worth approximately $500 million.

09.01 / 08:53

business FTX FTX spent $40M on food, flights, and hotels in just 9 months: Court filings

FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings revealed.

08.01 / 01:19

business FTX Bankruptcy FTX asset sales challenged by U.S. Trustee: Report

Bankrupt crypto exchange FTX's plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.

07.01 / 20:05

business Donations FTX Bankruptcy Fried Sam Sam Bankman-Fried's charitable donations sought by FTX: Report

FTX's new management is seeking to recover millions of dollars in donations made by the crypto exchange and its former CEO Sam Bankman-Fried, reports the Wall Street Journal.

06.01 / 23:31

business FTX Digital Currency Group Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds

After Sam Bankman-Fried was handed over to United States officials last month, his top lieutenants — Caroline Ellison and Gary Wang — had already been cooperating with the feds. The two pleaded guilty to a slew of charges and agreed to assist the Southern District of New York to investigate FTX and their former boss. SBF had his day in court on Jan. 3 and pled not guilty to all criminal charges.

06.01 / 21:23

Robinhood regulation FTX Bankruptcy Lawyers Sam Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’

The legal team for former FTX CEO Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood.

05.01 / 08:45

cryptocurrency Bloomberg Opinion FTX safe Will crypto ever be a safe investment?

In the annals of cryptocurrencies, 2022 will go down as the year when the industry nearly died. But then December saw the birth of a pair of exchange-traded funds in Hong Kong, offering new hope to both retail and professional investors.

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