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ALSO: Bitcoin had its best day in two months after the Consumer Price Index (CPI) report shows inflation slowdown, extending this week’s digital-asset rally. Source
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That’s legitimate, Bankman-Fried argued; the Substack post said he “didn’t steal funds.” Alameda’s ex-CEO Caroline Ellison has, however, pleaded guilty to charges including commodities fraud, which includes the allegation that she misappropriated FTX customer funds to satisfy Alameda’s souring loans. Source
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The former FTX CEO ascribed FTX and sister company Alameda’s collapse to the crypto market meltdown and inadequate hedging. Source
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As the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal.Singh attended a proffer session sometime last week at the United States Attorney’s office for
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The Robinhood shares were in principle owned by FTX co-founders Bankman-Fried and Gary Wang through their Emergent Fidelity Technologies holding company. FTX, now run by John Ray III, had asked a judge late last month to freeze the stock. Bankman-Fried naturally opposed the move, saying, in part, he needed the
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The FTX founder and former CEO says he needs the money to pay his legal fees, despite rival claims by the company and by crypto lender BlockFi. Source
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The U.S. Department of Justice (DOJ) is in the process of seizing Robinhood shares, worth about $460 million, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets are not property of the bankruptcy estate or that they fall within the exceptions … of bankruptcy
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Daniel Friedberg, controversial lawyer who served as top compliance chief at now-defunkt exchange FTX, has reportedly cooperated with United States’ prosecutors investigating FTX collapse.Friedberg provided details about FTX in a meeting with two dozen investigators hold by the U.S. Attorney for the Southern District of New York's (SDNY) office on
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The former FTX CEO faces a legal uphill battle after pleading not guilty to eight counts of criminal charges. Original Source
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According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved discussions about “pandemic prevention.” Senior White House Staff Met
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