FTX bankruptcy attorneys sent out private letters last week to politicians and PACs who received donations from the company, giving them until Feb. 28 to return the money voluntarily or face legal action. According to a company statement, “to the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence…

Rep. Patrick McHenry (R-N.C.) and Rep. Bill Huizenga (R-Mich.) are requesting information relating to the arrest of failed cryptocurrency exchange FTX founder Sam Bankman-Fried from Securities and Exchange Commission (SEC) Chair Gary Gensler. Huizenga, who is the Oversight and Investigations Subcommittee Chairman, issued a press release saying he and McHenry, who is the chairman of the…

Rep. Patrick McHenry (R-N.C.) and Rep. Bill Huizenga (R-Mich.) are requesting information relating to the arrest of failed cryptocurrency exchange FTX founder Sam Bankman-Fried from Securities and Exchange Commission (SEC) Chair Gary Gensler. Huizenga, who is the Oversight and Investigations Subcommittee Chairman, issued a press release saying he and McHenry, who is the chairman of the…

Former FTX crypto exchange CEO Sam Bankman-Fried, just extradited to the United States from a prison in the Bahamas, was freed on $250 million bail pending his trial on criminal fraud and money laundering charges. Bail was posted by Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, who put up their house as collateral. Bankman and…

Twitter boss Elon Musk says some of Twitter’s internal messages about suppressing free speech might be hidden or deleted—but they’ll release everything they find. “Mr. Wonderful” Kevin O’Leary lost $15 million that FTX gave him to act as a spokesperson. He also lost $10 million worth of crypto in his FTX account. A Chinese Communist…

The former CEO of the failed cryptocurrency exchange FTX claims his personal wealth has dwindled to just $100,000 after a series of “mistakes” led to the company—once valued at $32 billion—collapsing. While speaking during the New York Times DealBook Summit on Nov. 30, Sam Bankman-Fried admitted that he clearly had failed “to do a good job” at following through with…

Commentary As the impact of the FTX collapse continues to unfold, there are several aspects of the event that reach well beyond the cryptocurrency world. And as more information comes out, the more important the situation appears. A Few Facts and Curious Coincidences First of all, the massive financial scandal has left investors with billions…