fried
-
Sam Bankman-Fried Will Move From New York Jail to California
Sam Bankman-Fried, or SBF, the disgraced cryptocurrency executive who was sentenced to 25 years in prison for fraud, will be transferred from Brooklyn, New York, to Mendota, California, against his wishes, the Wall Street Journal reports. SBF was planning to stay in New York while helping to prepare his appeal, but now, according to the…
-
SBF Finally Testifies in Court With No Jurors Present
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $US13 billion hole in his crypto empire, according to Bloomberg. Bankman-Fried is on trial for allegedly defrauding FTX…
-
FTX Workers Knew About Alameda’s Backdoor into Customer Funds: Report
Last year, it took reporters digging into Alameda Research’s balance sheet to finally show that ex-FTX CEO Sam Bankman-Fried’s big crypto house of cards was built on a shaky bedrock of customer funds. But according to a new report, a few FTX employees were well aware that Bankman-Fried’s hedge fund Alameda had backdoor access to…
-
Should Have Said No: Taylor Swift Reportedly Did Sign a Deal With FTX
While news of the FTX cryptocurrency exchange’s crumbling castle has come and gone, there is a new wrinkle in the tale involving one of the world’s largest singer-songwriters. After reports that Taylor Swift knew all too well that the exchange would fail and declined to sign a deal with Sam Bankman-Fried’s FTX, news has broken…