The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California. Story Published at: December 22, 2022 at 06:52PM Continue Reading…
Sam Bankman-Fried Released on $250 Million Bond With Restrictions
Why This Is No Madoff Moment for FTX Creditors
The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets. Story Published at: December 20, 2022 at 12:31PM Continue Reading…
The Week in Business: The FTX Founder’s Rapid Fall
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers. Story Published at: December 18, 2022 at 12:00PM Continue Reading…
A Traditional Exchange? FTX Was Anything But.
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued. Story Published at: December 16, 2022 at 08:00AM Continue Reading…
A Traditional Exchange? FTX Was Anything But.
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued. Story Published at: December 16, 2022 at 08:00AM Continue Reading…
Prosecutors Charge That FTX Was Engaged in Fraud From the Beginning
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire. Story Published at: December 13, 2022 at 04:02PM Continue Reading…
S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors
The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company. Story Published at: December 13, 2022 at 11:59AM Continue Reading…
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange. Story Published at: December 1, 2022 at 06:30AM Continue Reading…
The Week in Business: FTX’s Collapse
The turmoil at Twitter continues. The holiday shopping season officially begins, although retailers have already been running sales. And the Fed releases the minutes from its last meeting. Story Published at: November 20, 2022 at 12:00PM Continue Reading…
Sam Bankman-Fried and Our Enduring Faith in the Tech Whiz Kid
Even the collapse of FTX probably won’t kill the archetype. Story Published at: November 15, 2022 at 10:00AM Continue Reading…