Sam Bankman Fried allegedly entertained a plan to raise capital from Saudi Crown Prince Mohammed bin Salman, according to former Alameda CEO Caroline Ellison in her testimony on Wednesday.
Fear, uncertainty, and doubt around Alameda Research’s relationship with his FTX cryptocurrency exchange caused Sam Bankman-Fried to consider shuttering the trading platform in 2022, according to an unpublished tweet thread revealed in his trial on Monday.
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.
Barbara Fried, the 71-year-old mother of disgraced FTX founder Sam Bankman-Fried (SBF) once described herself as her son’s “partner in crime of the noncriminal sort.” A new lawsuit filed by FTX, now bankrupt and under control of a new CEO, however, alleges Fried and her husband were, in fac
Soulja Boy and Austin Mahone are two names in music you may not have heard in a while. After a bid to stay relevant by chasing the crypto bubble before it burst, the two musicians are now in the crosshairs of the Securities and Exchange Committee after their efforts to promote Tronix cryptocurrency.
Popular crypto industry news outlet CoinDesk has retracted a pair of opinion articles criticizing the founder of the cryptocurrency TRON and the head of US investigations at Chainalysis, a company specializing in financial analysis and forensics of crypto. CoinDesk claims the articles were removed because they…
If the spectacular failure of Sam Bankman-Fried’s FTX exchange wasn’t evidence enough, the crypto bubble has officially popped. Now, Bitcoin, one of the most widely used cryptocurrencies, has fallen to a two-month low.
Ex-FTX CEO Sam Bankman-Fried is again being accused of campaign finance violations. This time, prosecutors say the once-crypto kingpin used other FTX execs to hide just how much of the Washington machinery he was trying to turn pro-crypto.
The finger-on-the-pulse and Polk Award-winning crypto news media company CoinDesk is in dire straits. The website has reportedly laid off 45% of its editorial staff as parent company Digital Currency Group explores a sale.