Sam Bankman-Fried Won’t Contest Extradition to the US: Report
Sam Bankman-Fried – the former CEO of defunct crypto exchange FTX – will supposedly reverse his decision to contest extradition to the US. According to a Reuters report, SBF will…
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Distressed Crypto Platform Amber Group Secures a $300 Million Fundraiser
Amber Group – a cryptocurrency platform backed by Singapore’s investment company Temasek – completed a $300 million funding round. The money will be distributed to clients affected by the FTX…
SBF Files Another Bail Application After Unsuccesful Bid For Release
The former FTX CEO, Sam Bankman-Fried, has reportedly filed a new application for bail in the Bahamas Supreme Court. The news comes just days after SBF was remanded to a…
A Closer Look at What Sam Bankman-Fried is Accused of Exactly
FTX and Alameda Research founder Sam Bankman-Fried (SBF) was the town’s buzziest megadonor. Over the past couple of years, he had given tens of millions to federal candidates and groups…
Alameda Secret Korea Account Exposed Masking Liabilities
According to Bloomberg, a secret account hid code detailing Alameda’s massive liabilities. The GitHub account was in the name of former FTX executive Nishad Singh, the report added. The outlet…
Alameda Had a Secret Speed Advantage When Executing Trades at FTX
The Commodities and Futures Trading Commission (CFTC) had alleged that Alameda Research was offered a secret “time advantage” when executing trades at the defunct crypto exchange FTX. The revelation adds…
Binance Processes Close to $8 Billion in Daily Withdrawals, CZ Says It Wasn’t a Even Top 5
Changpeng Zhao – CEO of Binance – said the wave of customer withdrawal requests has cooled off, assuring that the entity has coped with higher demands in the past. Data…
SBF To Spend Christmas In Prison After Being Denied Parole By The Bahamas
On December 13, 2022, Bahamian authorities denied parole to Sam Bankman-Fried, also known as SBF, after he was charged by U.S. lawmakers with eight counts of financial fraud. As reported…
FTX Used Client Assets for Margin Trading at Alameda, Confirms Bankruptcy Lawyer
FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee on Friday to break down some of the internal details of the exchange’s fallout. Ray…
There’s at Least one More Major Market Capitulation: Datadash Explains
Popular Youtuber Nicholas Merten (DataDash) argued that investors have not rushed to “buy the dip” on worries of the inflation numbers, which clocked in lower than the expectations earlier today.…
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