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FTX execs blew through $8B; testimony reveals how
Former senior FTX executive Nishad Singh testifies in Sam Bankman-Fried's trial. Singh says he learned of a massive hole in Alameda's books as a result of a coding error. He says he green-lit transactions "that I knew must have been digging the hole deeper"
Paulding County deputies search for suspect who they say ran from shooting investigation SBF started a $2 billion venture fund using Alameda loans. Recs is a social ‘wallet’ for stashing and sharing your favorite places. 80+ anti-Prime Day deals to shop right now.
Reward increased for ‘armed and dangerous’ man accused of killing parking valet in Buckhead SBF started a $2 billion venture fund using Alameda loans. WM Motor, backed by Baidu and Tencent, has filed for bankruptcy in China.
FTX's Sam Bankman-Fried slept on beanbag at $35M Bahamas apartment, lived with 9 employees: Witness Sam Bankman-Fried took naps on a bean bag while living with 9 other employees at a $35 million apartment in the Bahamas, a witness testified at the FTX founder's criminal trial. The witness, Adam Yedidia, who worked as a developer at FTX, testified that Alameda, the privately controlled hedge fund, paid for the apartment. He called it concerning."Because if they spend the money that belongs to FTX customers, then it's not there to give the FTZ customers should they withdraw," he said.
The trial of Sam Bankman-Fried, the 'Mozart of crypto,' and the bankruptcy of FTX Sam Bankman-Fried faces more than a hundred years in prison in relation to the largest cryptocurrency-related bankruptcy in history. He is accused of diverting clients’ money to reinvest it in high-risk bets in the Bahamas through a trading subsidiary called Alameda. The son of professors from Stanford University’s Law School in California, he himself studied mathematics and physics at the prestigious MIT.
Crypto industry grapples with FTX fallout as trial looms Sam Bankman-Fried, once the wunderkind of crypto, will appear in a federal New York court on Tuesday. He faces seven counts of fraud that could see him spend decades in prison. FTX collapsed last November amid accusations that client money was being funnelled to prop up its investment arm Alameda.
FTX got $400 million in funding while showing sham documents: CEO John J Ray III made the accusation in a report about the company which was filed with the Delaware Bankruptcy Court on Monday. He said Sam Bankman-Fried and one of the company's attorneys created "sham agreements" to make improper financial arrangements with Alameda look legitimate. The false agreement was then shown to investors as part of FTX's $400 million Series C fundraising, the CEO said.
SBF not allowed to play video games anymore under new bail conditions Sam Bankman-Fried is accused of funneling billions of dollars in FTX customers' funds into his cryptocurrency trading firm, Alameda. He faces multiple criminal fraud and money laundering charges, which he has pleaded not guilty to. If bail conditions are approved, he will be banned from using most electronic devices while awaiting trial.
Sam Bankman-Fried accused of sending a $40 million crypto bribe to Chinese officials Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, has been charged with bribery. In an indictment filed on Tuesday, the Department of Justice claims he directed a bribe of at least $40 million. The bribe was an alleged attempt to coerce Chinese officials into unfreezing some of the accounts associated with FTX’s sister company, Alameda.
NYC judge refuses to sign off on new bail terms reached between Sam Bankman-Fried and the feds Sam Bankman-Fried is charged with wire fraud and conspiracy. He siphoned investors’ money from FTX, the world’s second-largest crypto trading platform, to his hedge fund Alameda. According to the feds, up to 1 million people lost money through the scam.
Thursday's Scores Alameda 40, John F. Kennedy 32 Arrupe Jesuit 37, Jefferson 35 Belleview Christian 44, Denver Waldorf 24 Bennett 42, Platte Canyon 39 Berthoud 69, Valley 29 Caliche 43. Montview 45, Middle Park 27 Denver East 72, Thomas Jefferson 44 Erie 57, Rocky Mountain 40 Falcon 46.
'What the hell is wrong with us?' Gov. Gavin Newsom reacts to deadly California shootings Silvergate had close ties to Sam Bankman-Fried's FTX and Alameda. The crypto bank was also reportedly a favorite of other troubled clients including an Australian Ponzi criminal.
FTX says $415 million of crypto was hacked FTX filed for bankruptcy after a wave of withdrawals crippled the exchange and sister hedge fund Alameda. Founder and ex-CEO Sam Bankman-Fried was indicted on fraud and money laundering charges in December.
Sam Bankman-Fried speaks out for the first time since his arrest Sam Bankman-Fried is under house arrest at his parents’ home in Palo Alto, California. He pleaded not guilty to multiple federal counts of fraud and conspiracy related to the collapse of his crypto empire. He places blame squarely on Alameda, the crypto hedge fund he founded in 2017.
Sam Bankman-Fried Will Plead Not Guilty to Fraud Charges, Faces 115 Years if Convicted: Report Sam Bankman-Fried denied any role in the recently reported transfers of funds involving Alameda. A federal judge sided with prosecutors and blocked him from accessing Alameda and FTX assets.
FTX scammer SBF pleads not guilty to fraud SBF may be sent to jail for more than 100 years for his fraud where he lost more than 8 billion dollars of customers in the FTX scam. SBF found several sham companies like Alameda that swindled customers' funds in FTX.
FTX scammer SBF pleads not guilty to fraud SBF may be sent to jail for more than 100 years for his fraud where he lost more than 8 billion dollars of customers in the FTX scam. His bankrupt crypto exchange FTX is involved in the biggest crypto scam. SBF found several sham companies like Alameda that swindled customers' funds.
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