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“Letters to the Editor — Dec. 16, 2022” The Issue: The arrest of former FTX head Sam Bankman-Fried for alleged cryptocurrency fraud. This crypto crybaby will absolutely roll on anybody to save himself (“Hairy Plotter,” Dec. 14). It’s no surprise to me that Sam Bankman-Fried was arrested instead of having to go in front of…
” SBF’s legal battle still has “a lot to play out,” according to legal commentators “ Sam Bankman-Fried, former FTX CEO, faces eight accusations and could get 115 years in jail, but there is a “lot to play out” until he gets a final sentence over the coming months or even years, legal commentators told…
” US Trustee names Wintermute on creditor committee in FTX bankruptcy case “ A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings. According to court documents filed Dec. 15, U.S. Trustee Andrew Vara named crypto market maker Wintermute Asia among those on the ‘Committee…
“Sam Bankman-Fried won’t get ‘special treatment’ in Bahamas” Sam Bankman-Fried reportedly will not receive any “special treatment” at the rat- and maggot-infested Bahamian prison where he’s being held — and experts say that could make him rethink plans to fight extradition to the US. The 30-year-old accused crypto fraudster spent Wednesday night in the infirmary…
“Ryan Salame flipped on Sam Bankman-Fried about FTX” A top-ranking FTX executive last month flipped on Sam Bankman-Fried and his allies by tipping off Bahamian regulators about alleged malfeasance — two days before the doomed crypto platform filed for bankruptcy, according to court filings. Ryan Salame, who served as co-CEO of FTX Digital Markets prior…
” Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO “ Mike Belshe, the CEO of digital asset custodian BitGo has confirmed that Alameda Research attempted to redeem 3,000 Wrapped Bitcoin (wBTC) in the days before FTX’s bankruptcy filing on Nov. 11. During a Dec. 14 Twitter Spaces hosted by decentralized finance (DeFi)…
” FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried “ According to Bahamian court records filed on Dec. 14, Ryan Salame, the former co-CEO of FTX Digital Markets told the Securities Commission of the Bahamas (SCB) on Nov. 9 that FTX was sending customer funds to its sister trading firm…
“The curious timing of ‘scammy’ Sam Bankman-Fried’s crypto-bust” When alleged crypto-fraudster Sam Bankman-Fried finished testifying at a congressional hearing last December, Democrat Maxine Waters, chair of the House Financial Services Committee, blew him a kiss as he walked by. And why not, since the shambolic 30-year-old former multibillionaire is acknowledged to be the second-biggest donor…
” Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape “ Crypto-friendly Congressman Tom Emmer is considering re-floating a bipartisan bill that would lift the requirement for certain crypto businesses and projects to register as Virtual Asset Service Providers (VASPs) in the wake of the FTX collapse. The bill titled “Blockchain…
” FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF “ A former employee of crypto exchange FTX has seemingly exposed the company’s excessive luxury expenditures, obsessive workplace culture and grueling work hours leading to the hiring of a company psychiatrist in the year before its collapse. Danielle Cloud, a former employee of FTX claiming…