Tag: Sam Bankman
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Sam Bankman-Fried pleads guilty to FTX fraud
Reuters reports that Sam Bankman-Fried will plead guilty to the charges against him in the FTX collapse. This will take place on a scheduled court date in early 2023. Everything points to Sam Bankman-Fried running out of options to get free from the FTX debacle. As Reuters reported, the young businessman, who has so far…
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Riot Games wants to break free from FTX sponsorship!
Riot Games wants a court to end its League of Legends sponsorship deal with FTX. We explain their reasons! Riot Games, a video game developer and publisher, has filed a lawsuit in the District of Delaware Bankruptcy Court in the United States, seeking to terminate its sponsorship deal with FTX. Anyway, the contract with the…
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FTX co-CEO sued Sam Bankman-Fried days before the company went bankrupt
The FTX scandal writes new chapters every hour. Police this week arrested Sam Bankman-Fried in the Bahamas, where they hope to be extradited to the United States, on charges of fraud and conspiracy. And to spice things up further, we are told that Ryan Salame, co-CEO of the Bahamas branch, alerted authorities to the illegal…
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The founder of the cryptocurrency platform FTX, detained in the Bahamas
Sam Bankman-Fried will be charged in New York with at least 4 counts, including fraud and money laundering. The founder of the ill-fated cryptocurrency platform FTX, Sam Bankman-Fried, arrested in the Bahamas, will be indicted by the New York District Attorney’s Office on charges of wire fraud, securities fraud, securities fraud conspiracy and money laundering, The New York Times announced this Tuesday.…
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The founder of FTX speaks clearly: “I have had a very bad month”
Sam Bankman-Fried, founder of FTX, has spoken publicly and uncensored about everything that happened with his crypto company. On very few occasions, a founder in the middle of a serious crisis shows up before the media. He has been through the unthinkable. A founder of a startup at the center of the hurricane of the…
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Binance creates a donation committee for politicians, will it follow in the footsteps of FTX?
Binance could raise and donate money to candidates, as FTX did with its Political Action Committees. As a pair of senators call on the US Department of Justice (DOJ) to open a criminal investigation into what they call FTX’s “fraudulent tactics”, the US arm of the Binance exchange is creating its own Political Action Committee…
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FTX: These are the 4 highlights of the bankruptcy process so far
This week the bankruptcy process of the Sam Bankman-Fried FTX exchange began in Delaware, which will probably mark the cryptocurrency market for some time. No one expected it to reach this point, mainly because FTX was now considered the benchmark capable of saving the cryptocurrency industry from the disasters that followed this year, with the…
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An FTX lawyer assures that a large part of its assets have been stolen
At the first court hearing after FTX filed for bankruptcy, one of the firm’s lawyers claimed that a “considerable amount” of the company’s assets had been stolen. Bad news for FTX’s creditors: they are less and less likely to get their funds back. That was implied by one of the cryptocurrency exchange’s lawyers, who claimed…
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FTX: This is what happened to the fallen crypto giant
The failure of FTX has left a deep groove in the cryptocurrency market. Investor doubts about the sector had already risen after the implosion of the TerraUSD stablecoin and its related LUNA token, followed by the bankruptcies of digital currency lender Celsius, Digital Voyager exchange, and hedge fund Three Arrows Capital. The wound inflicted by…
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Cryptocurrency crack
Cryptocurrencies in decline. The great fall and crack of cryptocurrencies. The market fears the bankruptcy of Genesis Sales on the cryptocurrency market do not stop. Bitcoin plunges below $16,000, hitting a new low of $15,500 on reports that crypto lender Genesis is about to file for bankruptcy, following the fate of Sam Bankman-Fried’s FTX. The…
