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Sam Bankman-Fried
Sam Bankman-Fried, once a pivotal figure in the cryptocurrency industry, was convicted in November 2023 of committing fraud and conspiracy for stealing billions of dollars of money belonging to customers of his FTX crypto exchange, funneling the money to Alameda Research, his hedge fund. FTX had been one of the largest cryptocurrency exchanges before its demise, a major player in derivatives trading including perpetual futures. The company's undoing was spurred by a CoinDesk scoop in November 2022 showing Alameda's balance sheet was mysteriously full of the FTT token issued by FTX – calling into question both Alameda and FTX's financial stability. The Bahamas-based company filed for bankruptcy nine days after the story. Before his downfall, SBF (as the former billionaire is commonly known as) had been a leading figure in crypto, pushing for regulation of the industry in the U.S. He was a major political donor and the public face of effective altruism, a movement geared toward maximizing the amount of good done by philanthropy. SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering. His trial began in October 2023, and he was convicted on Nov. 2, 2023, a year to the day after the CoinDesk story that caused his crypto empire to crumble.
Sam Trabucco, co-PDG de la société de trading de Crypto Alameda Research, démissionne
Trabucco restera en tant que conseiller, tandis que Caroline Ellison deviendra l'unique PDG de la société.
Crypto Exchange FTX Saw $1 Billion in Revenue Last Year: Report
Sam Bankman-Fried’s crypto exchange FTX posted $1.02 billion in revenue last year, jumping 1,000% from $89 million in the prior year, CNBC reported, citing internal documents it had viewed. FTX CEO Sam Bankman-Fried later tweeted that the numbers were “correct ballpark.” “The Hash” panel discusses the evolution of FTX’s brand and its hiring strategy.
Sam Bankman-Fried, Justin Sun in Talks to Buy Majority of Huobi Global Exchange: Report
Bloomberg reports that Leon Li, founder of crypto exchange Huobi Global, is in talks with Tron founder Justin Sun and FTX, the crypto exchange founded by billionaire Sam Bankman-Fried, to sell a majority stake in the company in a transaction that would value the firm at $3 billion or more.
Crypto.com et FTX ont misé gros sur les droits de dénomination des stades avant le crash des Crypto . Que se passe-t-il s'ils n'ont T les moyens de payer ?
Le glamour d’un accord de dénomination de stade peut tourner au vinaigre – demandez à Enron. Voici comment un accord peut se dénouer si les choses tournent mal.
Fed Nerves Hit Crypto; Philippines Crypto Tax Pushed
Crypto prices fall ahead of the Fed meeting. Philippine President Marcos Jr. pushes tax for digital services to boost economy, cut debt. Talks between FTX and Bithumb over a potential buyout raise questions. Sam Bankman-Fried lashes out at Voyager for rejecting FTX’s proposal. Binance’s Changpeng Zhao sues Bloomberg in Hong Kong.
Bitcoin’s Real Role Examined; 3AC’s Complex Ties Revealed
Report says Bitcoin users in emerging markets looking beyond investment. U.S. Senator Cynthia Lummis says vote on crypto bill unlikely this year. Sam Bankman-Fried says “moderately bad” deals okay during bailouts. Court documents show strong ties between 3AC and TPS Capital. Dubai scorches crypto winter with plans to support 40,000 metaverse jobs.
Bankruptcy Filing Reveals Biggest Celsius Creditors
Celsius Network's chapter 11 bankruptcy filing reveals the extended influence of crypto billionaire and FTX CEO Sam Bankman-Fried, according to Bloomberg. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Crypto Winter Hits NFTs; 3AC Files for Bankruptcy
Monthly NFT sales fall below US$1 billion for the first time in a year. Three Arrows Capital files for Chapter 15 bankruptcy in the US. Sam Bankman-Fried's FTX doubles down on BlockFi bailout. Experts weigh in on the future of stablecoins. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
FTX’s Sam Bankman-Fried Denies Robinhood Acquisition Rumor
“The Hash” group discusses FTX’s ever-expanding presence across crypto sector, its ambitions to integrate with traditional financial assets. Plus, how the company is weathering through the bear market and its growth plans.
FTX Token DAO Raises $7M From Community of Sam Bankman-Fried Fans
A community dedicated to FTT, the native token of crypto exchange FTX, has raised $7 million (250,000 FTT), which will be converted into an ecosystem fund for community-led projects across DeFi and crypto education. "The Hash" team discusses the latest in Sam Bankman-Fried's crypto empire.