Cryptocurrency Analysis and News Portal
According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud. In a court document filed on Jan 20, U.S. federal prosecutor Damian Williams outlined that the “government
Read More
Law firm Sullivan & Cromwell have contradicted themselves when they claim that shuttered crypto exchange FTX.US is insolvent, according to former CEO Sam Bankman-Fried (also known as “SBF”) in a January 17 blog post that was shared on Twitter.FTX US is solvent, as it always as been.https://t.co/XjcyYFsoU0 pic.twitter.com/kn9Wm9wxjl— SBF (@SBF_FTX)
Read More
Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to
Read More
After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating
Read More
In a candid interview with Cryptox at the World Economic Forum in Davos, Anthony Scaramucci, cofounder of SkyBridge Capital, lambasted Sam Bankman-Fried and shed light on his crypto portfolio. Scaramucci trusted the former CEO, Sam Bankman-Fried (SBF) of FTX, which imploded in late 2021. Scaramucci said in a panel preceding the
Read More
SkyBridge Capital managing partner Anthony Scaramucci has opened up about the “betrayal” he felt over the actions of FTX founder Sam Bankman-Fried, who he said he once considered a “friend.” Speaking at Casper Lab’s Blockchain Hub event in Davos, Switzerland on Jan. 16, Scaramucci emphasized that in the aftermath of
Read More
Brett Harrison recently took aim at the dictatorial and bossy nature exhibited by SBF during his time as FTX US President. Former president of FTX US, Brett Harrison, recently detailed his experience working closely with disgraced ex-FTX CEO Sam Bankman-Fried (SBF). Describing SBF as emotionally volatile, amongst other things, in a 49-tweet Twitter thread, Harrison
Read More
The CFTC claimed that the FTX co-founder created a “virtually unlimited” secret line of credit” for Alameda. FTX attorney Andrew Dietderich has dropped a bombshell testimony that Sam Bankman-Fried ordered co-founder Gary Wang to open a credit line for Alameda Research. Alameda Research is the crypto exchange’s crypto company, which was at
Read More
Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US' management structure. Harrison shared his experiences with Bankman-Fried and FTX US on Dec. 14, explaining how he was hired “casually over text” in Mar. 2021 after working
Read More
Top Stories This Week Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’ In a “pre-mortem overview” of FTX’s bankruptcy, Sam Bankman-Fried denied allegations of improper use of customer funds stored with the crypto exchange, attributing
Read More