At the least a few of Sam Bankman-Fried’s speedy household aren’t cooperating with the probe into the collapsed crypto trade FTX and must be cross-questioned in court docket, the corporate’s attorneys have mentioned in a legal filing made Wednesday. The FTX founder’s brother, mom and father had been his “advisors,” and must be subpoenaed alongside … Read more
(Bloomberg) — Sam Bankman-Fried will be the face of FTX’s failure, however he wasn’t the one one preserving his sprawling empire going. Most Learn from Bloomberg The greater than 130 entities that made up the FTX Group ranged from crypto exchanges to a enterprise arm to a videogame firm, in line with chapter filings. However … Read more
Sam Bankman-Fried‘s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused herself on Friday after … Read more
SBF gets to go home for the holidays, while prosecutors get to pretend that he had to put up $250 million for the privilege.
FTX founder Sam Bankman-Fried’s failure to secure release on bail in the Bahamas on Tuesday increases the likelihood that he will consent to extradition to the United States to face fraud charges, legal experts said. A judge ordered Bankman-Fried to be held at the Bahamas Department of Corrections until at least Feb. 8, citing his “great” risk … Read more
Bankman-Fried’s mother ran an influential Democratic PAC that channeled Silicon Valley fortunes to progressive politicians.
Why did federal prosecutors make their move hours before Bankman-Fried was scheduled to give potentially incriminating testimony to Congress?
Decentralized exchanges differ from centralized exchanges (such as FTX, Binance, Coinbase and others) in several important points. Most notably, instead of relying on an intermediary to connect buyers with sellers, DEXs allow users to trade on a peer-to-peer basis—and keep custody of their own funds. This arrangement is an example of what is known as … Read more
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