2023-3-17 12:46 |
The failed crypto exchange made a total of $3.2 billion in payments to Bankman-Fried and other key employees.
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As the FTX bankruptcy case continues, the administrators continue to discover critical issues that could have led to the crash. Recall that the founder and CEO Sam Bankman-Fried mismanaged the customers’ funds leading to the exchange crash last year.
2023-3-17 20:20 | |
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Three stories were honored, including Ian Allison’s scoop that led to Sam Bankman-Fried’s $32 billion crypto empire collapsing in days.
2023-2-22 18:00 | |
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Key Takeaways Sam Bankman-Fried and FTX co-founder Gary Wang bought a 7.6% stake in Robinhood last May Purchased for close to half a billion, the funds were raised via a loan from sister trading firm Alameda Research In November, FTX was revealed to be insolvent, after it sent customer assets to Alameda to shore up […] The post Robinhood to buy back Bankman-Fried’s seized 7.6% stake appeared first on CoinJournal.
2023-2-13 17:41 | |
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Emergent Fidelity has filed for Chapter 11 bankruptcy following the seizure of its over half a billion dollars worth of Robinhood shares by the US government. The company is co-owned by the disgraced former FTX CEO Sam Bankman-Fried (90%) and…
2023-2-6 15:19 | |
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Sam Bankman-Fried is charged with abusing $1.8 billion in equity investments.
The post SEC Charges Sam Bankman-Fried for Abusing $1.8B of Investor Funds appeared first on BeInCrypto.
2023-1-20 00:45 | |
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FTX co-founder Sam Bankman-Fried has repeatedly refuted US charges that he misused $8 billion in client funds.
2023-1-13 22:03 | |
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On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $5 billion. However, the magnitude of consumer losses in its collapse was still unknown.
2023-1-12 22:31 | |
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The $1 billion transaction has also been opposed by the Securities and Exchange Commission and Texas regulators
2023-1-6 18:53 | |
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Key Takeaways Solana has shed 95% of its value, falling from $54. 5 billion to $4. 4 billion Its association with Sam Bankman-Fried has caused further bearish price action Top projects have fled the blockchain this year, with concern over long-term future of Solana For cryptocurrency investors, the year 2022 was one to forget.
2023-1-4 14:05 | |
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There is no shortage of people duped by disgraced FTX founder Sam Bankman-Fried. According to bankruptcy filings, FTX has over one million creditors, a staggering number but perhaps unsurprising given that the swiped sum is north of $8 billion.
2022-12-24 15:22 | |
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SEC states Sam Bankman-Fried “concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1. 8 billion from investors The Securities and Exchange Commission on December 13, charge SBF with “orchestrating a scheme to defraud equity investors in FTX Trading Ltd (FTX)” Since May, 2019, FTX raised over $1.
2022-12-13 14:32 | |
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Sam Bankman-Fried (SBF), the former founder of the bankrupt exchange FTX, shed light on different narratives in a phone interview. Talks about bankruptcy, the alleged “backdoor,” FTX User Funds on Alameda, an $8 billion hole The post SBF Debunking Tales: “Illiquidity Didn’t Cause the Crash” to ‘Dark’ Political Donations appeared first on BeInCrypto.
2022-11-30 21:59 | |
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Crypto swingman Sam Bankman-Fried (SBF) presided over the FTX exchange at the time of its collapse, allegedly sinking $32 billion in user funds. While the contours of the fall are yet to settle, FTX’s catastrophic collapse has set off massive contagion in the crypto ecosystem.
2022-11-23 07:52 | |
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The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors.
2022-11-23 09:38 | |
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A continuous controversy has gone darker with time. More information has been revealed through FTX’s bankruptcy filing that Alameda Research loaned $3. 3 billion to Sam Bankman-Fried, the FTX founder.
2022-11-18 02:00 | |
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A bankruptcy filing shows Alameda Research lent $1 billion to Sam Bankman-Fried, former CEO of FTX
2022-11-18 20:36 | |
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A November 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research.
2022-11-18 20:27 | |
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A fresh bankruptcy filing from FTX chief restructuring officer John Ray III highlights that Sam Bankman-Fried received $1 billion in loans from FTX-related silo companies.
2022-11-18 17:25 | |
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Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF). The post Was FTX hacked? Deep dive reveals “backdoor” built into accounting software appeared first on CryptoSlate.
2022-11-13 16:30 | |
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The centibillionaire has revealed why he turned down the offer of Sam Bankman-Fried earlier this year
2022-11-13 13:12 | |
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Sam Bankman-Fried no longer qualifies for a listing on the Bloomberg Billionaires Index, while Elon Musk’s reported net worth has dropped by more than $86 billion in recent days.
2022-11-12 23:45 | |
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A bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities.
2022-11-12 17:18 | |
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FTX is now trying to raise capital to save the troubled exchange after it experienced a liquidity crunch and had seen more than $5 billion in withdrawals for the past few days. According to Sam Bankman-Fried, every penny of the raised capital will go directly to the users.
2022-11-11 16:45 | |
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It comes after a new report has alleged that Sam Bankman-Fried moved $4 billion worth of FTX funds to save Alameda Research. FTX Reportedly Seeking New Raise Things are going...
2022-11-11 15:27 | |
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Sam Bankman-Fried has fallen out of the top one hundred wealthiest individuals on the planet after seeing his over $16 billion fortune fall in a couple of hours as FTX’s collapse seems imminent.
2022-11-10 00:30 | |
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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 crypto circles, indeed wasn’t that far off the net worth of Changpeng Zhao, the founder and CEO […] The post SBF’s $16 billion fortune sees a 94% wipeout – here’s why appeared first on Invezz.
2022-11-10 18:47 | |
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Oh Sam, what have you done? Sam Bankman-Fried only turned 30 this year, having already amassed a fortune of more than $20 billion. Driving a trusty Toyota, however, he followed “effective altruism”, intending to give away the vast majority of his fortune.
2022-11-10 14:55 | |
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The FTX-Binance drama unfolds and deals a heavy blow on Sam Bankman-Fried’s crypto, the FTT. FTT, the token created to act as native cryptocurrency of crypto exchange FTX, suffered a massive blow after news broke that Binance is buying the company.
2022-11-9 14:00 | |
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Sam Bankman-Fried's crypto empire, once valued at $32 billion is now in tatters as FTX has filed for bankruptcy protection in Delaware.
2022-11-12 12:50 | |
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Sam Bankman-Fried, the head of FTX, responded to Changpeng Zhao, the CEO of Binance, following the company’s announcement regarding the $2.1 billion sale of FTT. CZ vs. SBF According to Changpeng Zhao, the CEO, and co-founder of Binance, the company…
2022-11-8 00:00 | |
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According to a confidential document acquired, Alameda had $14. 6 billion in assets as of June 30. Most of it, however, comes from FTX, another Bankman-Fried company that created the FTT token.
2022-11-7 03:00 | |
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Sam Bankman-Fried, a leading crypto personality and founder of FTX crypto exchange, had previously suggested he would spend over $100 million and up to $1 billion on political donations. Crypto billionaire Sam Bankman-Fried, who’s the founder of major cryptocurrency exchange FTX, is not going to splash hundreds of millions of dollars on political donations.
2022-10-18 19:04 | |
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The head of crypto exchange FTX is a political mega-donor and had earlier said he might donate up to $1 billion in the 2024 U.S. presidential election.
2022-10-15 15:29 | |
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The world's largest crypto exchange, Binance might still spend $1 billion on acquisitions this year.
2022-10-8 18:18 | |
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A series of text messages released as part of ongoing litigation over Elon Musk’s failed Twitter deal reveals CEO of crypto exchange FTX, Sam Bankman-Fried, was willing to contribute up to $5 billion toward jointly acquiring the social media giant.
2022-10-1 23:57 | |
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FTX CEO and crypto billionaire Sam Bankman-Fried was contemplating partnering with fellow billionaire and Tesla CEO Elon Musk to purchase the major microblogging platform, Twitter. SBF Was To Going Commit $5 Billion to Joint Twitter Acquisition According to Business Insider,…
2022-9-30 15:16 | |
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Crypto billionaire Sam Bankman-Fried’s FTX exchange has won the auction for the assets of bankrupt digital assets lender Voyager Digital. The post FTX Will Acquire Bankrupt Voyager Digital Assets for $1.4 Billion appeared first on BeInCrypto.
2022-9-27 07:28 | |
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Sam Bankman-Fried‘s (SBF) exchange FTX is reportedly in talks with investors to raise funding up to $1 Billion at a valuation of $32 billion. The post FTX looking to raise $1B in funding at $32B valuation appeared first on CryptoSlate.
2022-9-22 17:30 | |
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FTX, one of the leading cryptocurrency exchanges in the crypto industry today, is looking to flex its muscles even further with plans for new acquisitions. But first, the Sam Bankman-Fried led crypto company needs to bring in new funding – which according to the latest news reports, is a new $1 billion round from big […] The post Bankman-Fried‘s FTX seeks $1 billion in new fundraising: report appeared first on Invezz.
2022-9-23 15:10 | |
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Sam Bankman-Fried’s Bahamian crypto exchange FTX is reportedly out to raise funds again, this time looking for investors to pump in as much as $1 billion in order to maintain its current valuation wThe post FTX is looking to raise another $1B and the reason is surprising appeared first on AMBCrypto.
2022-9-22 15:00 | |
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FTX’s financials show a 1,000% increase in the exchange’s revenue from 2021. The exchange has embarked on an acquisition spree of several subsidiaries around the world. FTX launched a stock trading option for U.
2022-8-22 19:20 | |
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The founder of crypto exchange Huobi Global, Leon Li, is in discussions to sell nearly 60% of his investment in Huobi, which accounts for 5% of all crypto trading volume. Reports on Saturday indicate the deal is priced between $2 and $3 billion.
2022-8-13 14:57 | |
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Cryptocurrency billionaire Sam Bankman-Fried said that he and his company, FTX exchange, still have a “few billion” dollars on hand to help support ailing crypto firms. The post Bankman-Fried Has a ‘Few Billion’ on Hand to Bolster Ailing Crypto Industry appeared first on BeInCrypto.
2022-7-8 18:15 | |
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FTX has “enough cash on hand to do a $2 billion deal if necessary” to help support the crypto industry through difficult times, CEO Sam Bankman-Fried told Reuters. The post FTX willing to use $2B in cash to bail out crypto industry, stop contagion appeared first on CryptoSlate.
2022-7-7 22:36 | |
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FTX founder Sam Bankman-Fried has said he could donate over $100 million in the next US presidential election, adding that he has a soft ceiling of $1 billion. The post FTX CEO Sam Bankman-Fried reveals willingness to spend $1 billion to keep Trump away from White House appeared first on CryptoSlate.
2022-5-26 03:00 | |
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FTX billionaire Sam Bankman-Fried is set to become the biggest-ever political donor in a single U.S. election after pledging to spend up to $1 billion. The post FTX Boss Promises Record $1B for Democrats’ 2024 US Presidential Campaign appeared first on BeInCrypto.
2022-5-26 14:30 | |
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FTX founder and CEO Sam Bankman-Fried has stated that he could spend up to $1 billion in the 2024 U.S. presidential elections. FTX CEO May Donate Up to $1 Billion...
2022-5-25 00:24 | |
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Founder of cryptocurrency exchange, FTX has stated that he has plans to give all his wealth to charity. The CEO was declared a billionaire by Forbes with a net worth of $25 billion. Other cryptocurrency billionaires have also made similar claims to donate to charitable causes over the course of their lives. Sam Bankman-Fried wants […]
2021-12-20 13:30 | |
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The Sam Bankman-Fried founded crypto exchange FTX reached a new valuation of $25 billion following a Series B funding round. The post FTX Hits $25 Billion Valuation After Latest Funding Round appeared first on BeInCrypto.
2021-10-22 08:17 | |
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FTX debtors secured approximately $14. 5 million in November through small claim settlements, primarily from political donations, according to a Dec. 10 court filing. The recovered funds included $6 million from the House Majority PAC and $3 million from the Senate Majority PAC.
FTX has nearly finalized preparations for its court-approved repayment plan two years after the crypto exchange crashed due to bad corporate practices and fraud.
Gary Wang, the last of FTX’s executives to be sentenced, will serve no prison time after aiding prosecutors in decyphering Sam Bankman-Fried’s fraudulent empire.
FTX co-founder Gary Wang, convicted of misusing funds at a fictitious crypto exchange, may face punishment after his case goes to trial. On Nov. 13, prosecutors in the U.S. District Court for the Southern District of New York filed a…
Apple Studios and A24 are working on a movie about former FTX CEO Sam Bankman-Fried, adapted from the best-selling Michael Lewis book ‘Going Infinite: The Rise and Fall of a New Tycoon.’ According to a Variety report, Apple Studios and…
In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back the stake, amounting to $1.76bn in FTT, BNB, and BUSD The transfer was done by Alameda Research, which was insolvent at the time and couldn’t […] The post FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer appeared first on CoinJournal.
Former Alameda co-CEO Sam Trabucco will forfeit real estate and luxury assets to the FTX, according to a proposed settlement filed in court.