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“Sam Bankman-Fried ‘deeply sorry’ for FTX collapse, blames bankruptcy” Disgraced FTX founder Sam Bankman-Fried told former employees he is “deeply sorry” about the implosion of his crypto exchange — but continued to point the finger at the company’s bankruptcy filing, insisting that he could have saved the platform if given enough time. “I feel deeply…
“Kathy Hochul signs crypto moratorium bill despite veto push by Eric Adams” Gov. Kathy Hochul has signed into law a bill curbing cryptocurrency mining at old fossil fuel plants despite a high-profile push by Bitcoin-loving Mayor Eric Adams to get her to veto the legislation. Environmentalists had pushed for Hochul to impose a two-year moratorium…
“Sam Bankman-Fried ran FTX like ‘personal fiefdom’ as firm spent $300M on luxury real estate” Sam Bankman-Fried treated FTX like a “personal fiefdom,” as he and a handful of associates looted the now-defunct crypto exchange’s coffers to fund an epic spending spree that included a $300 million splurge on Bahamas real estate, lawyers for the…
“Ex-Alameda co-CEO Sam Trabucco used poker, blackjack tricks to trade crypto” The former co-CEO of Alameda Research, the firm whose risky bets led to the implosion of its sister company FTX, used poker and blackjack card-counting tricks as strategies in trading cryptocurrency, according to a report. Sam Trabucco, the 30-year-old executive who ran Alameda alongside…
“Golden State Warriors are sued over FTX crypto collapse” The Golden State Warriors were sued on Monday by an FTX account holder who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency exchange. Elliott Lam, a Canadian citizen and Hong Kong resident who said he lost $750,000 in his FTX yield-bearing account, filed his proposed…
“FTX’s ex-chief regulatory officer tied to online poker scandal” The top “regulatory officer” at fallen crypto exchange FTX was embroiled in a notorious online poker cheating scandal more than a decade ago — and was caught on tape allegedly aiding the perpetrators of the fraud, according to reports. Dan Friedberg — a lawyer who was…
“SBF’s in hall of ‘shame’ Crypto ‘fraud’ joins list” It may be a bit too early to lump Sam Bankman-Fried into the same bucket as the infamous fraudster Bernie Madoff — or maybe not. The full post-mortem of his epic collapse from crypto wunderkind and billionaire to broke crypto villain extraordinaire won’t be ready for…
“FTX launches strategic review, seeks court relief to pay critical vendors” Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new…
“No, voters didn’t back Dem agenda, GOP must probe COVID origins and other commentary” Eye on elex: No, Voters Didn’t Back Dem Agenda “Democrats would be sorely mistaken to assume that a durable majority of voters endorsed their agenda in this election,” warns Yuval Levin at The New York Times. “The 2022 election was ….
“FTX’s Sam Bankman-Fried cashed out $300M after fundraising round last year: report” Disgraced former FTX CEO Sam Bankman-Fried reportedly gave himself a $300 million windfall last year when his then-red-hot cryptocurrency exchange secured a massive fundraising round. FTX raised $420,690,000 million from 69 different investors – both numbers clear nods to meme culture – during…