The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world. Story Published at: June 9, 2023 at 04:06PM Continue Reading…
Their Crypto Company Collapsed. They Went to Bali.
FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund. Story Published at: February 15, 2023 at 10:00AM Continue Reading…
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry. Story Published at: December 9, 2022 at 06:04AM Continue Reading…
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May. Story Published at: December 8, 2022 at 12:24AM Continue Reading…
Wall St. Brokers Look to Buy Rights to Assets Trapped on FTX
Customers could be offered pennies on the dollar for what they lost when the crypto exchange filed for bankruptcy last week. Story Published at: November 19, 2022 at 12:51AM Continue Reading…