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” SBF borrowed $546M from Alameda to fund Robinhood share purchase “ Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, borrowed over $546 million from the exchange’s sister firm Alameda Research to fund his purchase of Robinhood shares. Those same shares were later used by Bankman-Fried as collateral for a loan taken by Alameda…
” U.S. Department of Justice probing $372M FTX exploit – Report “ According to a Bloomberg report published on Dec. 27, the U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from now-defunct cryptocurrency exchange FTX and FTX US. On Nov. 12, amidst bankruptcy and…
” Top five crypto winners (and losers) of 2022 “ Cointelegraph looks back on the best and worst-performing cryptocurrencies of 2022 among the top 100 assets by market capitalization. We used the highest and the lowest year-to-date (YTD) returns through the close of Dec. 25, 2022. Overall, Cryptoindex.com 100 (CIX100), an index that tracks the…
” Community slams NYT for its latest ‘sympathy piece’ on FTX’s Bankman-Fried “ The online community including some cryptocurrency figures has condemned the latest so-called “sympathy” article from The New York Times written about FTX founder Sam Bankman-Fried. In the Dec. 26 article published titled “In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried,” New York…
“Martin Shkreli gives Sam Bankman-Fried tips for potential prison stint” Ex-con “Pharma Bro” Martin Shkreli offered some jailhouse wisdom to alleged crypto conman Sam Bankman-Fried if he ends up going to prison: Shave your head and brush up on rap lyrics. Shkreli, who served five years in federal prison after being convicted of securities fraud…
” 7 biggest crypto collapses of 2022 the industry would like to forget “ 2022 has been a bumpy year for the cryptocurrency market, with one of the worst bear markets on record and the downfall of some major platforms within the space. The global economy is beginning to feel the consequences of the pandemic,…
” Sam Bankman-Fried found ‘chilling’ in JFK airport lounge on $250M bail bond “ The momentary arrest of former FTX CEO Sam Bankman-Fried (SBF) can be attributed to the efforts taken by the crypto community to aid investigations and track down the whereabouts of the infamous entrepreneur. While SBF eventually escaped prison time via a…
” Crypto billionaires lost $116M since March: Report “ The bear market and the wave of bankruptcies in the crypto industry drained $116 billion from the pockets of founders and investors in the past nine months, according to recent estimates by Forbes. The loss represents the combined personal equity of 17 people in the space,…
” Judge pulls out of SBF-FTX case citing husband’s law firm’s advisory link “ The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court for the Southern District of New York rescued itself from…
” Santas and Grinches: The heroes and villains of 2022 “ From an outside perspective, 2022 has been a rollercoaster ride for crypto. The market reached a total valuation of $3 trillion during the bull market of 2021, only to scale back to its current level of around $810 billion. While this poor performance can…