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“Crypto firm Binance ‘paused’ withdrawals after $1.9B taken out” Binance has seen withdrawals of $1.9 billion in the last 24 hours, blockchain data firm Nansen said on Tuesday, as the world’s biggest crypto exchange said it had “temporarily paused” withdrawals of the USDC stablecoin. Scrutiny of how crypto exchanges such as Binance and its now-bankrupt…
“Sam Bankman-Fried admitted he ‘f–ked up’ in draft to Congress” Disgraced FTX founder Sam Bankman-Fried had planned to admit that he “f—ked up” while under oath Tuesday on Capitol Hill, according to written remarks that were rendered moot when he was arrested in the Bahamas on Monday night. Leaked drafts of Bankman-Fried’s planned testimony provided…
“King and queen of the crypto con may be turning on each other” They were one part of a “Chinese harem polyamory” group set up in the Bahamas that mixed sex, pills, and crypto. Now Sam Bankman-Fried and Caroline Ellison, the two executives at the center of the collapse of cryptocurrency firm FTX, appear to…
“Disgraced FTX founder Sam Bankman-Fried arrested in The Bahamas after charges filed in US” Disgraced crypto king Sam Bankman-Fried was arrested by authorities in the Bahamas Monday night after criminal charges were filed by US prosecutors. The 30-year-old was taken into custody after the Bahamian government received formal notification from the US of the charges against him,…
“Michael McCaffrey bought Bahamas pad with loans from Sam Bankman-Fried” The chief executive officer of a crypto news site has resigned after he reportedly failed to disclose $43 million in loans from disgraced FTX founder Sam Bankman-Fried — part of which was used to buy himself an apartment in the Bahamas. Michael McCaffrey stepped down…
“Caroline Ellison hires lawyer as feds probe Sam Bankman-Fried” US prosecutors are reportedly assembling a potential fraud indictment against disgraced crypto mogul Sam Bankman-Fried — and speculation is growing that his ex-girlfriend Caroline Ellison could become a stool pigeon in the case. Justice Department officials in the Southern District of New York are reportedly scrutinizing…
“Sam Bankman-Fried’s parents fear his legal fees will ‘wipe them out’” The law professor parents of disgraced FTX boss Sam Bankman-Fried reportedly fear the family will go broke while paying for his defense against mounting litigation. Joseph Bankman and Barbara Fried — both well-known figures at Stanford University — have stayed with their ex-billionaire son…
“Jimmy Fallon, Gwyneth Paltrow, Madonna sued for hawking NFTs” A slew of celebrities — including Jimmy Fallon, Gwyneth Paltrow and Madonna — are being accused of fraud for hawking Bored Ape Yacht Club NFTs, according to a recent federal lawsuit. The group of plaintiffs claim that the A-listers peddled the non-fungible tokens — which have…
“FTX’s Sam Bankman-Fried says he will testify to Congress” The former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say and that he “won’t be as helpful” as he’d like to be. The…
“Coinbase CEO slams media for treating Sam Bankman-Fried with ‘kid gloves’” The boss of the giant crypto exchange Coinbase has accused mainstream media outlets of being too soft in their coverage of disgraced FTX founder Sam Bankman-Fried, even as billions in customer funds remain missing. Coinbase CEO Brian Armstrong blasted the treatment Bankman-Fried has received…