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“FTX’s Sam Bankman-Fried just hired Ghislaine Maxwell’s defense attorney” Beleaguered FTX founder Sam Bankman-Fried has reportedly tapped a key member of convicted sex offender Ghislaine Maxwell’s legal team to represent him following the collapse of his cryptocurrency empire. Bankman-Fried hired Mark S. Cohen, a managing partner and co-founder of the Cohen & Gresser law firm…
“How FTX brass racked up a $55K debt at ‘Margaritaville’ resort in Bahamas” FTX brass and employees spent a large amount of time and money wasting away in Margaritaville — before reportedly stiffing the Jimmy Buffett-themed resort in the Bahamas for more than $50,000. The crypto crew racked up a $55,319 unpaid tab this year…
“Sam Bankman-Fried claims new FTX CEO John Ray made ‘false’ claims in court filings” Disgraced FTX founder Sam Bankman-Fried lashed out at the company’s new CEO John Ray, alleging he has made “false” statements in court filings during the company’s contentious bankruptcy proceedings. Ray, who is tasked with steering FTX through intense legal and regulatory…
“FTX investors who lost up to $2M lash out at Sam Bankman-Fried” Evan Luthra says he lost more than $2 million when the FTX cryptocurrency exchange imploded last month. And he feels doubly injured seeing disgraced founder and CEO Sam Bankman-Fried making the media rounds, stating that he had no idea about the “huge management…
“Goldman Sachs’ David Solomon eyes bargain crypto firms” Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX’s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to…
“Abandon cryptocurrency, CNBC’s Jim Cramer tells investors” CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX’s catastrophic bankruptcy. Cramer, a frequent critic of the cryptocurrency sector, likened current conditions within the cryptocurrency sector to those investors experienced when the dotcom bubble burst in 2000….
“Jamie Dimon warns of possible ‘mild to hard’ recession” Wall Street titan Jamie Dimon warned of a possible “mild to hard recession” as the Federal Reserve continues to hike interest rates — and meanwhile ridiculed cryptocurrencies, calling them as useless as “pet rocks.” The hard-charging chief executive of JPMorgan Chase said America’s global economic advantages…
“Winklevoss twins owed $900M by crypto broker as FTX contagion spreads” The crypto exchange owned by the Winklevoss twins is trying to recoup $900 million from a cash-strapped crypto broker that has been gutted in the wake of the FTX collapse, according to a report. New York-based Gemini — which Tyler and Cameron Winklevoss started…
“Sam Bankman-Fried vows to testify before Congress — as Madoff lawyer advises ‘don’t talk’” Discredited FTX founder Sam Bankman-Fried has pledged to testify before Congress about his cryptocurrency platform’s meltdown — even as the top lawyer for the late Ponzi scheme mastermind Bernie Madoff advised him to keep his mouth shut. Bankman-Fried’s vow to appear…
“Crypto ‘smart’ money? Big traders fell for Sam Bankman-Fried” I was shocked when I first learned how a hot mess like Sam Bankman-Fried got away with convincing so many seemingly smart people — big money managers, venture capitalists and all those celebrity ambassadors — that he was such a boy genius of investing, they should…