A federal judge showed growing impatience Thursday with FTX founder Sam Bankman-Fried’s use of the internet while on bail, suggesting that incarceration might eventually be the most effective way to prevent him from communicating on electronic devices in ways that can’t be traced. Judge Lewis A. Kaplan did not immediately change a $250 million bail […]
Tag: Sam Bankman Fried
Who is Caroline Ellison, SBF’s Crypto partner
Over the past few weeks, a mushroom of secrets about the inner workings of Sam Bankman-Fried’s crypto exchange, FTX, have come to light. From that, the once shadowy figure of Caroline Ellison has emerged as an important character behind FTX’s seeming success and surprising downfall. Ellison was the head of Alameda Research — the trading […]
New FTX CEO says SBF engaged in ‘old fashioned embezzlement”
FTX’s bankruptcy-era CEO, John J. Ray III, appointed to shepherd the collapsed crypto exchange through Chapter 11 reorganization, testified on Tuesday that the company’s founder and former CEO, Sam Bankman-Fried, made multiple misstatements about his companies’ financials. Ray, who oversaw Enron’s infamous corporate fraud, characterized FTX’s actions as “old fashioned embezzlement.” “This is just taking […]
FTX’s Sam Bankman-Fried arrested in Bahamas
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has been arrested in The Bahamas, the country’s attorney general has said. He is scheduled to appear on Tuesday in a magistrates’ court in the Caribbean country’s capital, Nassau. Police said Mr Bankman-Fried, 30, was arrested for “financial offences” against laws in the US and The […]