All posts tagged "FTX Sam Bankman-Fried"

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  CWEB Business News

  / 2 weeks ago

  FTX Founder Sam Bankman-Fried Controlled Crypto Coins Prices, Gamed Markets, Crypto Rivals Say

  Recent reports indicate that founder of FTX Sam Bankman-Fried found ways to game the markets by controlling the prices of digital coins. Cryptocurrency investors said that the former CEO, who is facing various charges of fraud but is still on a not guilty plea, gamed certain coins to obtain benefits...

  By CWEB
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  CWEB Business News

  / 3 weeks ago

  See What Sam Bankman Fried Says as He Breaks Silence on Substack Post While Out On $250 Million Bail

  Sam Bankman Fried breaks silence on Substack trying to explain he is innocent of all charges against him. In December, federal prosecutors in Manhattan charged Bankman-Fried with stealing billions of dollars from FTX customers to settle debts for his crypto-focused hedge fund, Alameda Research, buy expensive real estate, and donate...

  By CWEB Staff
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  Crime

  / 3 weeks ago

  Update FTX: $5 billion in assets, such as cash, liquid cryptocurrencies, and liquid investment securities, discovered.

  The ailing cryptocurrency exchange FTX/Sam Bankman-Fried, according to FTX attorney Andy Dietderich, has “recovered $5 billion in cash and liquid coins.” The exchange is, however, still “trying to recover transaction history,” and the overall amount of client shortfall is “unknown.” The assets recovered do not include those confiscated by the...

  By CWEB Staff
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  CWEB Business News

  / 4 weeks ago

  Watch: FTX collapse update: Former CEO SBF pleads not guilty

  On Tuesday, former CEO of the crypto exchange FTX Sam Bankman-Fried pleaded not guilty, in a Manhattan court. He is facing criminal charges that he cheated investors who had put their faith and money in the crypto exchange, which is now facing bankruptcy. Prosecutors described his fraud to be of...

  By CWEB