Tom Brady and Gisele Bundchen are among hundreds of people who have lost potentially vast sums of money following the collapse of cryptocurrency exchange FTX. The company filed for bankruptcy in November, and its founder and CEO Sam Bankman-Fried is currently awaiting trial in New York City on fraud charges, to which he has pleaded … Read more
The Stanford law professor parents of FTX founder Sam Bankman-Fried face the prospect of mounting legal bills following his arrest in the Bahamas on US federal charges. Joseph Bankman and Barbara Fried have remained by their 30-year-old son’s side in the Bahamas since his crypto exchange collapsed in bankruptcy last month, but his arrest on Monday … Read more
White House won’t comment if Biden plans to return $5.2M in campaign funds from disgraced FTX founder Sam Bankman-Fried charged with swindling investors out of $1.8 billion White House Press Secretary Karine Jean-Pierre wouldn’t comment when asked about returning contributions made to Biden’s presidential election campaign by Bankman-Fried in 2020 The disgraced FTX crypto founder … Read more
Aussie crypto exchange collapses on the heels of FTX debacle – leaving tens of thousands of investors in ruin Australian cryptocurrency exchange Digital Surge collapsed into administration It comes after Brisbane-based firm suspended all deposits and withdrawals Move came after FTX filed for bankruptcy on November 11 sending shockwaves By Aidan Wondracz For Daily Mail … Read more
Disgraced FTX founder Sam Bankman-Fried ‘paid $5 million cash for major analytics firm with trove of voter information to help Democratic campaigns’ Disgraced former FTX CEO Sam Bankman-Fried purchased a voter analytics company dedicated to helping Democratic campaigns, according to reports Bankman-Fried paid $5 million of his own cash for the analytics start-up Deck over … Read more
‘Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,’ writes John J. Ray III, the man appointed as CEO of cryptocurrency exchange platform FTX to guide it through its collapse. And that’s coming from a man who helped deal with … Read more